Visa rolls out Click to Pay with leading banks and payment facilitators in Vietnam

Military Bank, Techcombank, Vietcombank, VietinBank, and VPBank are the first to adopt the solution. For Techcombank and VPBank, Visa cardholders can experience the solution starting on June 9. On the acceptance side, Click to Pay has been adopted by Alepay Gateway, Payoo, Sacombank, and VietinBank.

Click to Pay simplifies online payments by allowing cardholders to complete transactions with just a few clicks, without needing to enter lengthy card and shipping information. It provides consumers with a fast, secure, and convenient checkout experience with global acceptance, as Click to Pay is now enabled in even more places where cardholders want to shop online.

According to Visa's Green Shoots Radar survey, which surveyed 1,000 Vietnamese consumers, 99 per cent of surveyed consumers had shopped online in the past 12 months, highlighting the rapid expansion of Vietnam’s e-commerce sector. By using an email address or mobile number to verify identity, shoppers can bypass the traditional checkout process, eliminating the need to enter extensive details.

Additionally, Click to Pay utilises cutting-edge technology and global security standards to enhance the safety of information and transactions, providing cardholders with greater peace of mind when making online payments. Click to Pay saves time for customers and reduces cart abandonment rates, benefiting both consumers and retailers.

"Visa is committed to driving innovation in the payments landscape and enabling a seamless, secure, and convenient online shopping experience for consumers. With e-commerce being so ubiquitous in everyday Vietnamese life and in line with the Vietnamese government's digitalisation goals, we are excited to bring this innovative solution to Vietnamese consumers through the support of our key banking partners. Click to Pay with Visa will transform the way people shop online, preparing them for the future of a more connected digital economy,” said Dung Dang, Visa country manager for Vietnam and Laos.

Click to Pay is now available to Techcombank and VPBank Visa cardholders to enrol via the issuer’s banking app or participating online merchants. Consumers can look for the Click to Pay icon at participating online merchants both domestically and abroad to enjoy a faster, more secure, and convenient checkout experience.

In Vietnam, Visa has partnered with Payoo – a payment platform serving as a key intermediary for online retail networks – to integrate Click to Pay across Payoo’s merchant ecosystem. Participating partners include KOI Thé, UrBox Trading, AEONESHOP, Galaxy Cinema, ACFC, Maison Online, NEM, Elsa English, GearVN, Vietrace365, and Hop on Hop off. In the near future, Visa cardholders who use Click to Pay at Payoo-affiliated merchants will enjoy exclusive promotional offers, helping to accelerate the shift towards a more seamless and cashless shopping experience.

Shoppers on platforms such as LG Electronics Vietnam, British Council, PVI Insurance, PropertyGuru Vietnam (batdongsan.com), Mai Nguyen Electronics, and Triumph International Vietnam can enjoy frictionless transactions, as payments are processed through the Alepay Gateway, provided by Ngan Luong Payment Gateway JSC. More merchants are expected to participate in the coming months.

Click to Pay is designed to transform digital checkouts and meet EMVCo standards. It utilises the Visa Token Service to provide multiple layers of advanced security, enhancing authorisation rates and reducing fraud in digital commerce. By replacing sensitive card information, such 16-digit primary account numbers, with tokens, VTS can reduce fraud by 58 per cent and increase authorisation rates by an average of 2.5 per cent in Asia-Pacific, compared to PAN-based card-not-present transactions. Click to Pay with Visa simplifies the checkout experience for customers, it’s like contactless payments in-store, but for online shopping.

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