Vietnam's Digital Payment Boom: 'One Touch, Millions of Trusts'
A significant seminar, 'One Touch, Millions of Trusts - Shaping the Future of Digital Payments', took place in Hà Nội. Co-hosted by Tiền Phong Newspaper and NAPAS, the event highlighted Vietnam's rapid shift towards cashless transactions.
Vietnam's digital payment landscape has witnessed remarkable growth. In 2024, cashless transactions hit VNĐ295.2 quadrillion, a staggering 26 times the country's GDP. This surge reflects both technological advancements and public trust, as noted by seminar speakers.
NAPAS, a key player in this transformation, processes around 35-36 million transactions daily, connecting payment services to nearly one-third of Vietnam's population. Ensuring system security and reliability remains a top priority for NAPAS as transaction volumes soar. The organization plans to expand cross-border QR code payments to markets like Japan, the Republic of Korea, and Singapore.
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), represented by Ms. Doan Hong Nhung, introduced digital NAPAS cards at the Vietnam Card Day 2025. These cards enable tap-and-pay for bus rides, further enhancing convenience. QR payments in Vietnam grew by over 81% in the first quarter of 2025, demonstrating the country's embrace of digital payments.
The 'One Touch, Millions of Trusts' seminar underscored Vietnam's commitment to building a cashless society and an inclusive financial system. With digital payments valued at 26 times the GDP, each transaction represents 'millions of trust' in Vietnam's digital economy. NAPAS' expansion plans and Vietcombank's innovative initiatives promise a future where digital payments are not just convenient but also integral to daily life.
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