Society

UnionPay International, VNPAY cooperate in QR code payment

UnionPay International (UPI), a subsidiary of China UnionPay, said on June 21 that it has signed a cooperation agreement on payment by QR code with Vietnam Payment Solution Joint Stock Company (VNPAY) - the biggest QR code payment firm in Vietnam.
UnionPay International, VNPAY cooperate in QR code payment ảnh 1Illustrative image (Source: mastercard.com)

Beijing (VNA) - UnionPay International (UPI), a subsidiary of ChinaUnionPay, said on June 21 that it has signed a cooperation agreement on paymentby QR code with Vietnam Payment Solution Joint Stock Company (VNPAY) - thebiggest QR code payment firm in Vietnam.

Under the agreement,UnionPay International will enable 30,000 Vietnamese merchants to acceptUnionPay QR code payment before November 2018.

The collaboration will alsoenable UnionPay cardholders to pay for airline tickets and movie tickets onlineusing UnionPay QR code payment.

InFebruary this year, UnionPay also inked an agreement with Sacombank thatenabled hundreds of merchants in Vietnam to accept UnionPay QR code payment.

To date, nearly allATMs and more than 90 percent of merchants in Vietnam accept UnionPay cards.Major airlines including Vietnam Airlines and VietJet Air have already acceptedUnionPay cards for online ticket booking.

Inthe past, VNPAY has successfully developed and implemented payment methodsusing QR Pay code on mobile banking applications.

Thepayment method allows customers using the mobile application of banks to scanQR codes to make quick payments for goods and services.

Currently,QR Pay has been integrated in mobile applications of most major banks inVietnam, including Vietcombank, VietinBank, Agribank, ABBANK, SCB, NCB, IVB,MartimeBank, SHB and VIB, with more than 8 million users.

Witha link network of 1,700 organisations worldwide, UnionPay International allowedthe acceptance of UnionPaycards in 168 countries and territories.

According to UnionPay International, Vietnam is looking forward toa cashless society. The rate of cash payment will drop to less than 10 percentby 2020.-VNA

VNA
#UnionPay International (UPI)#China UnionPay#QR code payment#Vietnam Payment Solution Joint Stock Company#UnionPay cardholders#mobile banking application#cashless society
Follow VietnamPlus

Related News

PV Oil launches cashless payment app for drivers

PV Oil launches cashless payment app for drivers

The PetroVietnam Oil Corporation (PVOil) has launched PV Oil Easy, an application for smartphones and tablets that allows users to buy petrol and manage their purchases via a QR code.

See more

Illustrative image (Photo: VNA)

ASEAN’s goods, culinary culture promoted in Europe

The ASEAN Committee in Prague (ACP) launched an "ASEAN Food Corner" on October 22, aiming to promote the culinary culture and introduce goods from ASEAN countries to consumers in the Czech Republic and Europe at large.

If the plan is approved, public employees will enjoy a continuous 9-day Tet break from January 25 to February 2 next year. (Photo: VNA)

2025 Lunar New Year holiday plan submitted to PM

The Ministry of Labour – Invalids and Social Affairs on October 22 submitted a proposal to the Prime Minister regarding the schedule for the 2025 Lunar New Year (Tet) – Vietnam’s largest traditional celebration – and other national holidays.

Illustrative image (Photo: VNA)

Kien Giang continues to take firm stand against IUU fishing

The Standing Board of the Party Committee of southern Kien Giang province has called for strengthening the Party's leadership in the fight against illegal, unreported and unregulated (IUU) fishing, part of a broader national effort to have the “yellow card” warning lifted by the European Commission (EC).

Yen Bai city in the northern province of Yen Bai is severely affected by Typhoon Yagi. (Photo: VNA)

Vietnam receives EU’s humanitarian aid for Typhoon Yagi victims

The Vietnam Red Cross Society (VNRC) Central Committee has received humanitarian response and early recovery support from the European Union and its member states through the International Federation of Red Cross and Red Crescent Societies (IFRC)' Emergency Appeal to assist the Vietnamese people affected by Typhoon Yagi and its subsequent floodings.

Conscripted Vietnamese workers honoured with ceremony in France (Photo: VNA)

Conscripted Vietnamese workers honoured with ceremony in France

A solemn ceremony was held on October 20 in the southern city of Arles, Bouches-du-Rhône prefecture of France, to mark the 10th anniversary of the memorial dedicated to Indochinese workers who came to work in the Camargue region during World War II.

At the signing ceremony of a cooperation agreement between Bac Lieu and Uiseong county, Gyeongsangbuk-do province on sending local labourers to the RoK to work seasonally under the form of locality-to-locality collaboration between the two countries in the 2023 - 2027 period. (Photo: VNA)

Bac Lieu, Korean locality sign labour cooperation agreement

The Mekong Delta province of Bac Lieu on October 21 signed a cooperation agreement with Uiseong county, Gyeongsangbuk-do province of the Republic of Korea (RoK) on sending local labourers to the RoK to work seasonally under the form of locality-to-locality collaboration between the two countries in the 2023 - 2027 period.

(Photo: VNA)

Tien Giang strives to reduce poverty rate to 0.87% this year

The Vietnam Fatherland Front (VFF) Committees at all levels in the southern province of Tien Giang have collaborated with agencies and organisations to speed up social security programmes, aiming to reduce the province's poverty rate to 0.87% this year, said Vice President of the provincial VFF Committee Huynh Van Hai.

The Chinese sailor is rushed to FV (Franco-Vietnamese) Hospital in Ho Chi Minh City for treatment as soon as he is brought to the shore. (Photo: VNA)

Chinese sick sailor on vessel AMIS STAR provided with first aid

A ship from the Vietnam Maritime Search and Rescue Coordination Centre (VMRCC) on October 20 provided first aid to critically-ill Chinese sailor on a Liberia-flagged vessel off the coast of the southern province of Ba Ria-Vung Tau before bringing him to the shore for further treatment.

At the meeting between Deputy Minister of Home Affairs Vu Chien Thang and UN Deputy High Commissioner for Human Rights Nada Al-Nashif. (Photo: VNA)

Vietnam respects right to freedom of belief, religion: official

Deputy Minister of Home Affairs Vu Chien Thang highlighted Vietnam’s consistent policy of respecting and protecting the right to freedom of belief and religion for all people, while meeting with UN Deputy High Commissioner for Human Rights Nada Al-Nashif in his recent trip to Switzerland.