Visa partners with banks to launch Visa Accept

Visa partners with banks to launch Visa Accept

Visa, the world’s leader in digital payments, has partnered with Sacombank, Vietcombank and VPBank to launch Visa Accept in Việt Nam, allowing micro and small businesses to accept contactless Visa payments directly on NFC-enabled smartphones, without requiring any additional hardware.

VIsa and Vietcombank team at the launching of Visa Accept. The Visa Accept help micro and small businesses  accept contactless Visa payments directly on NFC-enabled smartphones, without requiring any additional hardware. — Photo courtesy of Visa Vietnam

Visa has partnered with Sacombank, Vietcombank and VPBank to launch Visa Accept in Việt Nam, allowing micro and small businesses to accept contactless Visa payments directly on NFC-enabled smartphones, without requiring any additional hardware. 

Merchants can onboard quickly through their bank’s mobile app and begin accepting payments with near real-time settlement, making digital payments simple to adopt and easy to integrate into daily business operations.

Visa Accept supports Việt Nam’s push toward a cashless economy by helping small enterprises overcome barriers to digital payment acceptance. It reduces reliance on cash, lowers entry costs, and opens new opportunities for growth and formalisation, especially for sellers in rural and informal sectors.

Sacombank, Vietcombank and VPBank are integrating Visa Accept into their mobile banking app, allowing sellers to enroll quickly through their mobile apps and begin accepting payments via tap-to-phone or pay-by-link with minimal friction.

In another development, Visa has gone live with its Visa Scan to Pay solution for QR payments, significantly expanding acceptance across Asia Pacific. 

With millions of merchants now able to accept Visa payments through widely used wallets and payment apps, consumers benefit from greater choice and flexibility - whether shopping locally or traveling abroad. 

Visa Scan to Pay is powered by partnerships with leading bank apps and digital wallets including Samsung Wallet (Asia Pacific), LINE Pay (Taiwan), VNPT Money (Viet Nam), Woori Card and Hyundai Card (South Korea), and QR payment providers across Asia Pacific, including Lakala (Mainland China), FOMO Pay (Singapore), VNPAY (Viet Nam), NextPay (Viet Nam) and OpenRice (Hong Kong).  

This expansion is part of the broader launch of Visa Pay, a service that connects participating digital wallets to Visa-accepting merchants globally - across in-store and online channels. With Visa Pay, consumers can tap, scan, or pay online using their preferred wallets and payment apps. 

T.R. Ramachandran, head of Products and Solutions, Asia Pacific, Visa, said: “As commerce across Asia Pacific becomes increasingly mobile-first, Visa is leading the way with innovations like Scan to Pay that accelerate QR payment adoption. By enabling millions of merchants to accept secure, seamless payments by tapping or scanning, we’re not only expanding digital acceptance but also empowering consumers with more flexible ways to pay - anytime, anywhere.” 

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