Tap into convenience as NAPAS boosts mobile payments

Tap into convenience as NAPAS boosts mobile payments

The National Payment Corporation of Việt Nam (NAPAS) on Friday announced the expansion of its NAPAS Tap and Pay mobile payment service, bringing a faster, safer and more convenient solution to domestic cardholders.

NAPAS officially announced the expansion of its NAPAS Tap and Pay mobile payment service. — Photo courtesy of NAPAS

Việt Nam is stepping up its digital payment game as the National Payment Corporation of Việt Nam (NAPAS) expands its Tap and Pay mobile service, promising faster, safer and more convenient transactions for domestic cardholders.

With over 120 million mobile subscriptions and more than 100 million smartphones in use by July 2024, according to the Ministry of Science and Technology, the country’s appetite for digital technology continues to surge. Cashless payments are becoming the norm, with a recent survey revealing 59 per cent of users prefer electronic transactions in daily life, 62 per cent favour payments via banking apps and 48 per cent rely on e-wallets.

NAPAS officially announced the expansion of its NAPAS Tap and Pay mobile payment service. — Photo courtesy of NAPAS

Data from the State Bank of Vietnam reveals that in the first seven months of 2025 non-cash transactions increased 44.4 per cent in volume and 25 per cent in value year-on-year. Mobile payments alone rose 38 per cent in volume while QR code payments surged nearly 67 per cent in volume and more than 159 per cent in value.

To meet this growing demand, NAPAS launched Tap and Pay, allowing users to digitise NAPAS domestic cards on smartphones and smartwatches to make contactless payments. Following the successful rollout of NAPAS Apple Pay earlier this year, the service has now been extended to Android devices. Customers of VietinBank, Agribank, Nam A Bank and VietCredit can already access the feature directly on their mobile banking apps.

Powered by Near-Field Communication (NFC) technology, Tap and Pay enables users to simply tap their phone at POS terminals. The solution reduces costs for banks and finance companies by limiting the need for physical cards while encouraging greater card usage. With more than 80 million NAPAS contactless cardholders nationwide, the service is expected to significantly improve customer experience.

“NAPAS Tap and Pay is a major step in Việt Nam’s digital payment journey,” said NAPAS General Director Nguyễn Quang Minh. “It brings speed, security and convenience, particularly for young and tech-savvy consumers.”

To broaden acceptance, NAPAS has also launched a Soft POS solution that allows merchants to turn Android smartphones into POS terminals. The service is being deployed with six banks — MB, VIB, Agribank, Techcombank, HDBank and Nam A Bank — offering small and micro businesses a low-cost option for digital payments.

With these initiatives, NAPAS continues to play a pioneering role in expanding digital payments supporting Việt Nam’s cashless economy and digital transformation. 

Bizhub