Users explore payment services at Visa's experience booth during the 2024 Cashless Festival. Photo: Phuong Quyen
For Techcombank and VPBank, Visa cardholders can experience the solution starting on Monday, the digital payment company said in a press release on the same day.
On the acceptance side, Click to Pay has been adopted by Ngan Luong Intermediate Payment Gateway Joint Stock Company (Alepay Gateway), VietUnion Online Services Corporation (Payoo), Saigon Thuong Tin Commercial Joint Stock Bank (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 polled 1,000 Vietnamese online, 99 percent of the consumers surveyed had shopped online in the last 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 utilizes 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 not only saves time for customers but also reduces cart abandonment rates, benefiting both consumers and retailers.
"With e-commerce being so ubiquitous in everyday Vietnamese life and in line with the Vietnamese government's digitization goals, we are excited to bring this innovative solution to Vietnamese consumers through the support of our key banking partners," said Dung Dang, Visa country manager for Vietnam and Laos.
Click to Pay is now available to Techcombank and VPBank Visa cardholders to enroll via the issuer's banking app or participating online merchants.
Participating partners include KOI Thé, UrBox Trading, AEONESHOP, Galaxy Cinema, ACFC, Maison Online, NEM, Elsa English, GearVN, Vietrace365, and Hop on Hop off, among others.
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 toward a more seamless and cashless shopping experience.
Shoppers on platforms such as LG Electronics Vietnam, British Council, PVI Insurance, PropertyGuru Vietnam, Mai Nguyen Electronics, and Triumph International Vietnam can enjoy frictionless transactions, as payments are processed through the Alepay Gateway, provided by Ngan Luong.
More merchants are expected to participate in the coming months.
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