VNPay

#Bank Transfer

VNPay is a popular payment method in Vietnam that allows users to make online payments via their bank account or e-wallet. This payment method is available for transactions made […]

Certified payment providers 3
Market coverage 1
  • Vietnam
Currencies 1
  • Viet Nam Dong
Description

VNPay is a popular payment method in Vietnam that allows users to make online payments via their bank account or e-wallet. This payment method is available for transactions made on websites or mobile applications, as well as for in-person payments at physical stores equipped with electronic payment terminals.

Founded in 2006, VNPay is managed by the Vietnam Payment Solution Joint Stock Company and supported by many banks and payment companies in Vietnam, making it widely accepted throughout the country.

Users can create a VNPay account by linking their bank card or e-wallet to their account. They can then make online payments by simply providing their VNPay account details at checkout, with the transaction amount debited from the user’s VNPay account.

VNPay is considered one of the most secure payment methods in Vietnam, thanks to the use of advanced encryption and data protection technologies. It is also very convenient for users, as it allows for quick and hassle-free payments without the need to carry cash.

In summary, VNPay is a reliable and convenient payment method for online and in-person transactions in Vietnam, which is widely accepted and considered secure by users and merchants.

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Frequently Asked Questions

What are the best practices for managing cross-border payments?2023-04-18T18:56:57+02:00

NORBr is a payment orchestrator that connects you to all cross-border payment services providers that can help you manage your cross-border payments efficiently and securely, while also ensuring compliance with relevant regulations. NORBr offers advanced features like fraud detection, currency conversion, and real-time tracking and reporting, which can help you optimize your payment processing for cost efficiency and speed.

What are the risks associated with cross-border payments?2023-04-18T18:57:21+02:00

Cross-border payments can be associated with several risks for you, including currency fluctuation risk, regulatory risk, and fraud risk. Currency fluctuation risk refers to the potential impact of exchange rate fluctuations on the value of your payments. Regulatory risk relates to the complexity of complying with different regulations in different countries. Fraud risk refers to the potential for fraudulent activity, which can be more difficult to detect and prevent in cross-border transactions.

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