Vietnam Payment Integration Guide

1. Overview of the Vietnamese payments market

Vietnam is one of the fastest growing digital economies in Southeast Asia, and the e-payments market is expanding rapidly:

• Mobile payment users exceed 36 million
• QR Code Payment Transaction Volume Growth Rate Exceeds 100% Annually
• Cash still dominates (~80%), but digital payment penetration is increasing rapidly

2. Mainstream local payment methods

a) MoMo (market share approx. 50%)

• Leading e-wallet with support for money transfers, bill payments, and scanner payments
• API integration requires business registration and local bank account
• Handling fee is approximately 1.5%-3% of the transaction amount

b) ZaloPay

• Product of VNG Group, deeply integrated with Zalo social platform
• Well-documented APIs, support for Web and App integration

3. Mainstream local payment methods (continued)

c) ViettelPay

• Payment solutions under Viettel, Vietnam's largest telecoms operator
• Advantageous in covering a wide range of offline outlets across the country
• Particularly suitable for phone bill recharge, utility bill payment and other scenarios
• API integration requires proof of business registration and cooperation agreement

d) VNPAY (market share ~25%)

• Payment gateway supported by the Banking Union, connecting more than 40 local banks
• Supports internet banking transfer, QR code payment and POS terminals
• SDK provides multi-language support (including Chinese documentation)
• Transaction fee rate is usually 1.2%-2%

e) ShopeePay (formerly AirPay)