VietQR
VietQR is Vietnam’s national QR payment standard developed by NAPAS in cooperation with the country’s banking sector. It allows consumers to make instant account-to-account payments by scanning standardized QR codes across participating banks and mobile banking applications. VietQR has become a core payment method for retail purchases, e-commerce and business payments throughout Vietnam.
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Reasons for Popularity
Convenience: VietQR allows users to make cashless transactions quickly and easily by simply scanning a QR code
Integration with Multiple Banks: It allows users to make payments through various banks and e-wallets, enhancing accessibility
Cross-Border Payments: The launch of cross-border QR code payments between Vietnam and Thailand has further increased its appeal by facilitating international transaction
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