VietQR Pay Global allows businesses and household enterprises in Vietnam to accept payments from international tourists via QR codes. This service integrates with domestic payment QR codes, meaning merchants need only one QR code for both local and international customers, simplifying payment processes at points of sale.

VietinBank launches VietQR Pay Global to support Vietnamese businesses serving international tourists. Photo: VietinBank

According to VietinBank, the service offers competitive fees compared to other international payment methods like cards, helping businesses reduce operational costs. Currency conversion occurs automatically, allowing tourists to pay in supported currencies while merchants receive funds in VND based on the listed price of goods and services. The bank also applies preferential exchange rates to further support international customers with payment costs.

Additionally, a 24/7 credit mechanism ensures transaction funds are transferred to the merchant's VietinBank account immediately upon payment completion, aiding cash flow management and transaction reconciliation.

VietinBank states that VietQR Pay Global is ready to connect with markets such as Trung Quoc, Singapore, Thai Lan, Han Quoc, Lao, and Campuchia, with plans for further network expansion. This development in cross-border payment connectivity helps Vietnamese businesses and household enterprises reach more international customers, particularly in retail, tourism, and service sectors.

Expanding payments across multiple sales channels

Beyond physical stores and direct points of sale, VietQR Pay Global supports online sales channels. This allows businesses and household enterprises to accept payments from international customers through various digital platforms.

The solution targets sectors like hotels, airlines, tourism, and accommodation, enabling international guests to pay for online room and flight bookings before arriving in Vietnam.

VietinBank VietQR Pay Global is a component of a comprehensive payment solution for businesses and stores. VietinBank provides a single platform to manage all market payment methods, including domestic and international QR payments, card payments, online payments, e-wallet payments, installment services, and other utilities.

To support businesses and household enterprises, VietinBank collaborates with financial institutions, technology partners, and domestic and international e-wallets. These partnerships facilitate preferential service fee policies, attractive account number gifts, promotions, and discounts for international tourists when paying, alongside brand promotion on payment applications.

Minh Ngoc

Readers interested in the service can contact VietinBank branches, transaction offices, or the business hotline at 1900 558 886, or the household business customer hotline at 1900 55 8868 for consultation.