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Payments to power growth in Vietnam

Leverage our comprehensive payment solutions to offer Vietnamese customers' preferred payment methods and maximise revenue.

In Vietnam, M-Pay Trade and Technology Services Joint Stock Company (registration number 0101505695) is the licensed provider for the 2C2P suite of solutions.

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Vietnam's payments
landscape at a glance

Vietnam has traditionally been a cash-heavy economy.
However, digital payment adoption has surged, driven by:

  • Government programmes to encourage digital payment adoption
  • Widespread QR code payment usage powered mainly via VietQR
  • Strong usage of mobile wallets, which are projected to be Vietnam's top online payment method by 2028

In 2023:

82% of all ecommerce transactions in Vietnam were made using digital payments.

By 2028:

Vietnam's ecommerce market is projected to be the second largest in SEA at US$ 56 billion.

99% of ecommerce transactions are expected to be made using digital payments.

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30%
Cards
29%
Domestic Payments
29%
Mobile Wallets
4%
BNPL
8%
Other payment methods (e.g., cash)

Quick Facts

101.6  million

Population

US$ 56  billion

Ecommerce Market Size
(2028 Projection)

40.1  million

Mobile Wallet Users (2025)

US$ 623.2  billion

RTP Transaction Value (2025)

2C2P's solutions for the Vietnam market

Accept Payments

Accept any payment through a single point of integration - online, offline, mobile, cards, cash and alternative payment methods.

In Vietnam, M-Pay Trade and Technology Services Joint Stock Company is the licensed provider for the 2C2P suite of solutions.

Benefits

One single, flexible integration

We support server-to-server API, mobile SDKs, and plugins so you can integrate our solutions seamlessly

Secure

We meet the industry’s rigorous security standards and are certified by all international card schemes

Local support and expertise

Get support from our local experts and tap into our deep connections with major banks and financial institutions

Streamlined operations

Easily scale and manage new business with consolidated reporting

Instalment Payment Plans (IPP)

Empowers businesses across industries to boost affordability, increase conversions, and drive customer loyalty, while maintaining a healthy revenue.

Convert large payments into 0% interest instalments easily, with flexible payment plans from 3 to 36 months.

Benefits

Higher sales and order value

Improve conversions and make large-ticket purchases more affordable with monthly instalments

Guaranteed upfront payments

Receive the full transaction amount quickly, with repayment and risk managed by the bank

Strong customer loyalty

Encourage repeat purchases with seamless, interest-free payments

Wider customer reach

Win over new audiences who are seeking flexible payment methods

Multi-currency pricing (MCP)

A payment feature that allows you to display prices in the local currencies of your international customers. This gives you access to best-in-class FX rates and grants more control over foreign currency transactions.

Benefits

For customers

Pay in their preferred currency Improved shopping experience

Guaranteed FX rate with full transparency

Refund at original FX rate

For merchants

Higher conversions at checkout
Lower FX hedging cost

Control over margins

Streamlined operations

Through API-enabled automations and consolidated reporting

softPOS

A versatile Point of Sale (POS) payment app that enables businesses to accept contactless and QR payments on Android devices.

Benefits

Reduce payment hardware costs

Easy to use on any Android device, with zero technical integration.

Consolidated reporting and settlement

Merchants can use one solution to enable and manage payment acceptance

Seamless implementation

With shareable invoices and easy voiding of payment

Streamlined operations

Merchants can use one solution to enable and manage payment acceptance

Easy to scale

Low cost, scalable, and fast to implement

Trusted by leading businesses in Vietnam

Explore more resources for the
Vietnam market