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Vietnam and Singapore Launch Cross-border QR Payment Service, Accelerating Digital Economic
Hanoi, July 2, 2026 – The National Payment Corporation of Vietnam (NAPAS), in collaboration with Liquid Group (Singapore) and VietinBank, officially launched cross-border QR payment service between Vietnam and Singapore, enabling users of participating Singapore payment apps to make seamless QR payments at VietQRGlobal acceptance points across Vietnam.
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Banks strengthen digital shields against online fraud
The State Bank of Vietnam (SBV) said that by April 12, more than 3.7 million customer alerts had been issued through the information system for management, supervision and prevention of fraud risks in payment operations (SIMO).
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Banks stop processing instant 24/7 transfers for transactions about VNĐ500 million
All transfers exceeding the threshold will be automatically routed through regular clearing, the bank said in a statement. Transactions initiated after 3.55pm will be processed on the next working day.
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Việt Nam, South Korea launch cross-border QR payment service
Việt Nam has rolled out a cross-border QR payment service with South Korea, marking a new step in financial connectivity between the two countries and supporting growing tourism and trade flows.
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Banks end account nickname feature from April 1 under new payment rules
Beginning April 1, payment account names at commercial banks must fully match information on citizens’ identity cards under new regulations on non-cash payment services.
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Mastercard, Shopee Vietnam announce strategic collaboration with the launch of VPBank S Rewards Mastercard Card
Mastercard and Shopee Vietnam, on February 4, announced a five-year strategic collaboration, marked by the launch of the VPBank S Rewards Mastercard card, Mastercard’s first card linked to Shopee in Việt Nam.
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Value of cashless payments equal to nearly 28 times of GDP
The number and value of cashless payment transactions surged by an average of 58.86 per cent and 24.36 per cent annually in the past five years.
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Visa highlights Vietnamese payment trends for 2026
As more young professionals and families explore new destinations and digital lifestyles, expectations for seamless, secure payments continue to rise.
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Việt Nam launches cross-border QR code payment connectivity with China
Việt Nam and China have launched a bilateral QR payment link, enabling seamless cross-border transactions for travellers and businesses.
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Banks adjust account management fees from December 1
Many banks are applying fees based on minimum balances and account activity, while tightening SMS Banking charges to encourage customers to receive balance-change notifications via mobile apps – a free method that also helps reduce operational costs.
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Nearly 18 billion cashless transactions recorded in nine months
Nearly 18 billion cashless transactions were recorded in the first nine months of this year, with total value surpassing VNĐ260 quadrillion (nearly US$10 billion).
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VNBA holds meeting to gather feedback for finalising cross-border QR code payment handbook
On the morning of November 17 2025, the Vietnam Banks Association (VNBA) convened a drafting committee meeting for the “Unified Handbook for Providing Cross-Border QR Payment Services in Vietnam” (the Handbook) in order to solicit and incorporate feedback from more than 25 entities, including banks, finance companies, and payment intermediaries.
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Visa partners with banks to launch Visa Accept
Visa, the world’s leader in digital payments, has partnered with Sacombank, Vietcombank and VPBank to launch Visa Accept in Việt Nam, allowing micro and small businesses to accept contactless Visa payments directly on NFC-enabled smartphones, without requiring any additional hardware.
