Vietnam and Singapore officially launched a cross-border QR code payment service on July 2, marking a new step in digital payment connectivity as tourism and trade between the two countries continue to expand.
The new service links the payment infrastructures of Vietnam's National Payment Corporation (NAPAS) and Singapore-based Liquid Group. Users in Singapore can now make payments by scanning VietQRGlobal codes through participating mobile payment applications within Liquid Group's ecosystem at shops, restaurants, hotels and retail outlets across Vietnam.
Transactions are processed in real time, with automatic conversion between the Singapore dollar (SGD) and the Vietnamese dong (VND).
During the initial rollout, the service is expected to reach around five million users through Liquid Group's partner network in Singapore, with further expansion planned as the ecosystem continues to grow.
According to the Vietnam National Authority of Tourism, Vietnam welcomed nearly 10.6 million international visitors during the first five months of 2026, up 25.5 percent from the same period last year. Singapore was among the fastest-growing markets, with more than 178,000 arrivals, a 28.5 percent increase. In the opposite direction, Singapore received more than 123,000 visitors from Vietnam over the same period.
A survey by Changi Airport Group found that three in five Singaporeans have visited Vietnam, while 95 percent of respondents expressed a desire to return. Singaporean travellers are also among the highest-spending visitors and are increasingly inclined to use cashless payment methods.
Google translate