Vietnam National Petroleum Group (Petrolimex/PLX) and digital payment company Visa announced on Tuesday the rollout of contactless payments at Petrolimex-owned petrol stations across the country.
Petrolimex first started accepting Visa card payments in 2021 and the addition of contactless payment acceptance will provide a faster, more secure payment experience for consumers, while reducing checkout queues and increasing operational efficiency, the American credit card company said in a press release.
“Contactless payments allow motorists to refuel and be back on the road with a single tap,” said Dang Tuyet Dung, Visa country manager for Vietnam and Laos.
“This will make queues shorter and service faster, while keeping consumers and their transactions safe.
“We look forward to introducing further payment innovations in partnership with Petrolimex to enhance the lives of Vietnamese people.”
Petrolimex has installed contactless POS terminals at retail petrol stations throughout Vietnam, enabling customers to pay with a single tap via their Visa cards.
The newly deployed POS device meets all fire safety regulations, integrates with the pump, and connects wirelessly to serve customers paying right there.
In a contactless transaction, the card never leaves customers’ hands, helping to prevent fraud while also keeping the clients and petrol station employees safer amidst the COVID-19 pandemic.
“The official application of cashless payment solutions to the system of Petrolimex's petrol stations across the country is part of the strategy of building Vietnam National Petroleum Group into a leading enterprise in digital transformation,” said Luu Van Tuyen, deputy general director and head of the Cashless Payment of Petrolimex Project.
“This strategy is based on intelligent, safe, and innovative technology to optimize serving quality and consolidate the trust and satisfaction of customers.
“At the same time, it will provide further momentum for the digital transformation process at Petrolimex.
“Up to now, Petrolimex has completed the installation of POS terminals at all automized petrol stations across the country.”
Vietnam is well on its way to embracing contactless payments as almost half (46 percent) of the local consumers use this payment method, according to Visa’s Consumer Payment Attitudes 2021 study.
Six out of 10 contactless card users have increased their use since COVID-19, whereas one-third of Vietnamese consumers foresee going cashless for petrol purchases in the future.
“By facilitating contactless payments at petrol stations across Vietnam, we are transforming one of the most ordinary activities in our lives,” said Dung, the Visa country manager.
“This is how we are setting the ground for Vietnam’s digital transformation – starting with small-ticket-size transactions and everyday spending.”
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