Visa and NextPay promote cashless payment in Vietnam

Visa – the digital payment network and NextPay – a provider of digital transformation solutions for small and medium enterprises (SMEs) in Vietnam and signed a strategic agreement to promote cashless payment in Vietnam .

The goal of the joint agreement of Visa and NextPay is to develop and expand the network of digital payment acceptance points in Vietnam and accelerate the process of applying innovative payment technologies and platforms worldwide. .
Cashless payment is one of the major guidelines of the Government of Vietnam in order to boost the economy, modernize the payment infrastructure and minimize cash payment. In addition to developing new and convenient payment methods for consumers, expanding the network of payment acceptance points is one of the important tasks to promote cashless payment in Vietnam.
mPOS, or Mobile Point-of-Sale, includes a lightweight card reader and an application developed on a mobile platform, giving card acceptance points the same functionality as a traditional POS system. Over the past years, NextPay is one of the pioneers in developing the mPOS payment network, through cooperation with major banks in Vietnam.
According to the cooperation agreement, Visa will provide strategic advice, technology support, practical experience in deploying and developing e-payment in the world, helping NextPay develop appropriate development plans and strategies. Vietnam market. The two sides will also cooperate on the brand, activities to promote change in awareness and habits from cash payments to electronic payments.
In addition, mPOS devices also accept contactless payments, allowing users to simply touch cards, phones or other technology devices on the terminal to pay. According to Visa’s Consumer Attitude Report, 37% of Vietnamese consumers said they were using contactless card payments, while 42% currently use contactless payments on phones. mobile.
MPOS, or Mobile Point-of-Sale, includes a lightweight card reader and an application developed on a mobile platform, giving card acceptance points the same functionality as a traditional POS system. Over the past years, NextPay is one of the pioneers in developing the mPOS payment network, through cooperation with major banks in Vietnam.
According to the cooperation agreement, Visa will provide strategic advice, technology support, practical experience in deploying and developing e-payment in the world, helping NextPay develop appropriate development plans and strategies. Vietnam market. The two sides will also cooperate on the brand, activities to promote change in awareness and habits from cash payments to electronic payments.
In addition, mPOS devices also accept contactless payments, allowing users to simply touch cards, phones or other technology devices on the terminal to pay. According to Visa’s Consumer Attitude Report, 37% of Vietnamese consumers said they were using contactless card payments, while 42% currently use contactless payments on phones. mobile.

Source: https://thanhnien.vn/cong-nghe/visa-va-nextpay-thuc-day-thanh-toan-khong-tien-mat-tai-viet-nam-1204874.html