VNPAY and Napas have formalized a comprehensive cooperation agreement, setting the stage for advancements in digital payments. The partnership prioritizes enhancing experience sharing in electronic payments and collaborative research and development of new technologies. These initiatives are core tasks throughout the collaboration, aimed at improving operational efficiency and meeting the market's increasing demands in the digital transformation process.

Representatives of VNPAY and Napas sign a comprehensive cooperation agreement. *Photo: VNPAY*

A key component of this alliance involves developing human resources skilled in payment technology and operations. Standardizing operational capabilities and enhancing team quality are crucial factors for payment services to operate stably, adapt to rapid technological change, and achieve long-term sustainable development.

Within the framework of this cooperation, VNPAY and Napas also agreed to implement cross-border QR payments. This aims to create more convenient payment options for international visitors to Vietnam and for Vietnamese travelers abroad.

Travelers from countries such as Thailand, Laos, and Cambodia, with plans to expand to other markets, can use their familiar domestic payment applications to transact at VNPAY acceptance points in Vietnam. Conversely, Vietnamese individuals traveling or working abroad can use the VNPAY application to pay at acceptance points within the scope of this cooperation.

Customers pay via VNPAY-QR code safely and conveniently. *Photo: VNPAY*

Representatives from both entities stated that the cooperation leverages each party's technological strengths and payment acceptance network. This ensures synchronization, security, and alignment with market development trends. Based on this, the two sides aim to build modern, flexible payment solutions, contributing to promoting trade, tourism, and financial connectivity amidst increasing global integration.

VNPAY currently focuses on developing technological solutions for enterprise digital transformation, ranging from digital payments, electronic invoices, and digital signatures to tools supporting sales management, operations, and tax declaration. Nearly 300,000 businesses nationwide use the company's solutions across various sectors, including commerce - retail, restaurants - hotels, transportation, ticketing, e-commerce, and public services. Meanwhile, Napas connects and operates the payment system in Vietnam, with experience in building, managing, and developing payment services.

Minh Ngoc