The National Payment Corporation of Vietnam (NAPAS) has on Tuesday brought Apple Pay, a contactless mobile payment service offered by Apple, to its cardholders in Vietnam.

NAPAS said in a statement that it has coordinated with banks to enable Apple Pay with NAPAS domestic cards starting with Vietcombank and OCB.

In addition to cooperation with banks, NAPAS has coordinated with payment service providers, such as OnePay, VNPay, Zalo Pay and Ngan Luong to expand the acceptance of Apple Pay for NAPAS domestic cards.

“By bringing Apple Pay to NAPAS domestic cardholders, we will create a breakthrough moment that promotes digital transactions, brings convenience, and increases private and secure payment experiences for users,

“Looking back at the progress of card payment in Vietnam in recent years, we can see strong and rapid development of digital payment card methods on mobile devices,” said Nguyen Quang Minh, General Director of NAPAS.

“In particular, with the convenient, safe and easy-to-use payment features, payment cards have been applied in payment solutions for many aspects of modern society such as transportation, retail, and dining,

“The availability of Apple Pay on NAPAS contributes to the development of a modern card payment ecosystem as well as international integration, and it meets the payment needs of consumers in Vietnam,” he added.

NAPAS domestic cards issued by Vietnamese banks and financial companies include product lines: debit cards, prepaid cards, credit cards and dual cards integrating both debit and credit cards in one physical card.

The cards are deployed according to the VCCS standard set managed by NAPAS, meeting the chip card standards of the State Bank as well as the international organization EMV.

Regarding the scope of payment, domestic NAPAS cards can be used domestically and in some countries.

In countries such as Korea, Malaysia, Laos, Thailand, tourists can use NAPAS cards to withdraw money directly at ATMs, without using foreign exchange services.

#NAPAS #ApplePayVietnam #DigitalPayments #ContactlessPayment #FintechVietnam