VNPAY

VNPAY (Vietnam Payment Solution JSC) is a Vietnamese payment technology company founded in March 2007, headquartered in Hanoi with offices in Da Nang and Ho Chi Minh City. It supplies the infrastructure that lets banks, telecom operators, retailers and transport companies offer payment services inside their own applications. Google’s e-Conomy SEA 2020 report listed VNPAY as a Southeast Asian technology unicorn.

Its core asset is VNPAY-QR, a QR payment scheme embedded in the mobile banking apps of more than 40 banks, so a bank customer pays a merchant without leaving the bank app. Around it VNPAY runs a payment gateway for domestic and international cards, QR, app-to-app payment and installment conversion; VNPAY-POS and PhonePOS acceptance devices; VNPAY-Invoice for e-invoicing; VNPAYB2B for corporate payments; and VNPAY Taxi, a ride-hailing service embedded in over 20 banking apps and linked to more than 200 taxi operators. The company reports 49 connected banks, over 350,000 business partners, 450,000 acceptance points and more than 60 million users.

1. VNPAY-QR: QR scheme embedded in the mobile banking apps of more than 40 banks, letting customers pay merchants from inside the bank app.

2. Payment gateway: one integration for domestic cards, international cards, QR, app-to-app payment and installment conversion.

3. VNPAY-POS and PhonePOS: card terminals plus phone-as-terminal acceptance for small merchants.

4. VNPAY Taxi: ride-hailing embedded in more than 20 banking apps and connected to over 200 taxi operators.

5. VNPAY-Invoice and VNPAYB2B: electronic invoicing and business-to-business payment and disbursement services.

6. Scale: over 350,000 business partners, 450,000 acceptance points and more than 60 million users.