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.