VinID

#e-Wallet

VinID is a popular electronic payment method in Vietnam. VinID is an e-wallet developed by Vingroup, one of the largest Vietnamese companies operating in various sectors such as real […]

Certified payment providers N/A
    Market coverage 1
    • Vietnam
    Currencies 1
    • Viet Nam Dong
    Description

    VinID is a popular electronic payment method in Vietnam. VinID is an e-wallet developed by Vingroup, one of the largest Vietnamese companies operating in various sectors such as real estate, retail, and technology.

    The VinID system allows users to link their bank account or credit card to their VinID wallet, enabling them to make electronic payments online or through a mobile application. It offers a variety of convenient features, including bill payments, online purchases, money transfers between users, and mobile phone top-ups.

    In addition to facilitating financial transactions, VinID also offers an attractive loyalty program. Users accumulate VinID points when they make payments, which they can then exchange for discounts, vouchers, or other benefits from VinID partners, such as restaurants, cinemas, and participating merchants.

    VinID is widely accepted at many establishments in Vietnam, including supermarkets, restaurants, gas stations, cinemas, and e-commerce websites. It is also integrated with other digital services from Vingroup, such as Vinhomes (real estate) and VinMart (retail), providing users with a more integrated experience.

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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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