Tag: vietnam mobile payments

Philippines, Vietnam and Brunei to create QR code payment strategy

John Montgallo
QR code payment - Philippines, Vietnam and Brunei flags

The arrangement across the ASEAN region is partly intended to reduce dependence on the US dollar. Philippines, Vietnam and Brunei have announced that they intend to join with other significant Southeast Asian economies in a decision to create a cross-border QR code payment system that will encourage the use of their local currencies instead of having to rely on the US dollar when shopping across each others’ borders. Several other countries have launched similar strategies or have agreed to develop them. For instance, Singapore, Thailand, Indonesia and Malaysia have already…

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Mobile commerce is growing aggressively in Vietnam

Stephen Vagus
veitnam mobile commerce

Google reports that mobile payments have become a powerful force in Vietnam due to smartphones ownership Mobile commerce is exploding in Vietnam, according to a new report from Google. The company’s Vietnamese branch has found that there is a major shift in consumer behavior due to the growing availability of mobile devices. According to the report,  mobile consumers in the country pick up and look at their devices an average of 150 times a day, or more than 10 times every hour. Notably, these consumers are becoming more interested in…

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Mobile payments partnership formed between Smartlink and Tagit

Sam Lambert
mobile payments partnership deal

These two companies have joined together for a Vietnamese smartphone banking service. Tagit, a smartphone banking provider based in Singapore, has just announced that it has entered into a partnership for mobile payments with Smartlink, a payment switch operator from Vietnam. This new offering is geared toward allowing bank with a membership to offer smartphone services. According to the Tagit president and head of business development, Navtej Singh, “This is an important milestone for Tagit as we introduce our aggregated service, which will expand the user base on Tagit’s mobile…

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