NAPAS domestic chip card (VCCS standard, BIN 9704)Vietnam's domestic card scheme, with its own chip standard (VCCS) and BIN 9704. The SBV (State Bank of Vietnam) mandated it to phase out magnetic stripe and keep routing in the country. It now supports Apple Pay and Tap to Phone.NAPAS · since 2018More than 20,600 ATMs and 741,000 POS/mPOS terminals connected (NAPAS)
Global registry · Asia-Pacific · Southeast Asia
Vietnam Payment systems
10 systems listed.
CurrencyVietnamese dong (VND)
Domestic schemeNapas
RegulatorState Bank of Vietnam (SBV)
Leading payment methods
Wallets (MoMo)VietQR / credit transferCash on deliveryCards
E-commerce shares
Wallets · 30%Account-to-account · 25%Cards · 20%Cash · 20%Other · 5%
MoMo. Vietnam’s leading wallet (about 30 million users), now a financial super-app. Interbank VietQR on the Napas 247 instant rail is booming: paying by QR transfer has become second nature, even at street-side cafés.
MoMo users≈30M
Non-cash paymentsvolume growth >50% a year (SBV)
A lightning-fast shift: COD (cash on delivery) dominated e-commerce five years ago and is now giving way to wallets and VietQR.
Learn about this market. The guides and courses that cover it.
Payments in VietnamPayments in Oceania and CanadaPayments in Central AsiaPayments in South Asia outside IndiaPayments in Southeast AsiaPayments in Japan and KoreaAccepting payments in Australia and New ZealandAccepting payments in Indonesia and ThailandAccepting payments in Japan and South KoreaAccepting payments in Southeast AsiaPayments in Asia: super-apps, public rails, and cross-border QROpening a new market: the payments playbook
Card schemes
Instant payments
NAPAS 247Vietnam’s 24/7 instant credit transfer rail, run by a company majority-owned by the central bank and the banks. Every Vietnamese integration goes through NAPAS: 68 member organizations and more than 80 million customers.National Payment Corporation of Vietnam (NAPAS) · since 20168.9 billion transactions in 2024, up 33.8% year over year (NAPAS); about 18 billion cashless transactions worth more than VND 260 quadrillion across all channels in the first nine months of 2025 (State Bank of Vietnam)
Wallets
MoMoVietnamese wallet turned financial super app: transfers, bill payments, ticketing, credit, and insurance. Its payment intermediary license covers the e-wallet, collection and disbursement services, and the online payment gateway.M_Service Joint Stock Company (Holds a payment intermediary services license granted by the State Bank of Vietnam.)
ZaloPayWallet built on Vietnam's dominant messaging app: in-chat money transfers, bill payments, mobile top-ups, and purchases. It operates under payment intermediary license No. 04/GP-NHNN from the State Bank of Vietnam, granted on January 19, 2026, covering the gateway, collection and disbursement, and the e-wallet.Công ty Cổ phần ZION (Publisher of the ZaloPay wallet, distributed inside the Zalo messaging app.)
Mobile money
Viettel MoneyMobile payment ecosystem built on the country's largest telecom carrier, under payment intermediary license No. 57/GP-NHNN granted by the State Bank of Vietnam on July 21, 2020 (e-wallet and payment gateway). Its dense network of transaction points gives it the widest rural coverage in Vietnam.Tổng Công ty Dịch vụ số Viettel (Digital services subsidiary of the Viettel group.)more than 200,000 transaction points nationwide (Viettel Money, official website, 2026)
Interoperable QR
VietQRNational QR standard built on NAPAS 247: the QR code encodes a bank account, not a wallet. That design choice explains why Vietnam does not depend on a dominant wallet, unlike Indonesia or the Philippines.NAPAS · since 2021About one-third of NAPAS 247 volume; nearly 90 million accounts using VietQR scanning in October 2025; up 52% in volume and 85% in value year over year (NAPAS); domestic QR payments up 61.6% in volume and 150.7% in value in the first nine months of 2025 (SBV)
Buy now, pay later
AkulakuInstallment payments and consumer credit built on its own marketplace and extended into digital banking. A pure-play lender, unlike BNPL offerings tied to a third-party marketplace.PT Akulaku Silvrr Indonesia (Indonesian entity of the Akulaku group, which also operates in the Philippines, Vietnam, and Malaysia.)33 million customers and more than 90,000 listed sellers (Akulaku, official website, 2026)
KredivoInstant credit and installment payments approved in real time and distributed through Indonesia's major marketplaces. First loan disbursed in April 2016; Vietnam operations launched in August 2021 through a joint venture with Phoenix Holding. The Philippines and Thailand, which the group mentions, are not included because no entity or license could be identified.Kredivo Group (Parent company FinAccel, incorporated in 2015; sister company KrediFazz has held an OJK peer-to-peer lending license since October 2021, and the group controls Krom Bank Indonesia.) · since 2016
Acquiring and processing
VNPAYVietnam's leading payment aggregator: e-commerce gateway, software POS on phones, e-invoicing, and above all VNPAY-QR, built into more than 30 banking apps and about 15 wallets. Often the real technical entry point for a foreign merchant in Vietnam.Công ty Cổ phần Giải pháp Thanh toán Việt Nam (Operates under the VNPAY brand.)more than 450,000 VNPAY-QR acceptance points, 350,000 partner businesses, and more than 60 million users (VNPAY, official website, 2026)
Other
IBPS (Hệ thống thanh toán điện tử liên ngân hàng)Interbank electronic payment system run directly by Vietnam's central bank, with a batch settlement service that institutions join individually. It is still active: the State Bank continuously publishes notices of member admissions and removals. The year it went live could not be confirmed from a primary source.State Bank of Vietnam