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July 10, 2019

VTC Pay, Docomo Digital team up to boost mobile commerce in Vietnam

Vietnamese mobile wallet and payment gateway VTC Pay has partnered with Docomo Digital to boost mobile commerce ecosystem in the country.

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VTC Pay will utilise Docomo Digital’s platform to connect the latter’s partner international merchants with Vietnamese users. The Docomo Digital platform is designed to connect merchants and payment providers with a single-API framework.

DOCOMO Digital payments business president Dheeraj Soni said: “VTC partnership is a great manifestation of our vision to be the largest integrator of digital or mobile wallets, especially in emerging markets.

“With this partnership, we can support international merchants looking to expand in Vietnam with the most preferred mode of payment, especially among the young population, the largest segment of consumers for digital content.

“And VTC Pay can tap into our existing network of international merchants, to be able to offer more choice to its growing customer base.”

Established in 2009, VTC Pay e-wallet is said to be used by more than three million customers in Vietnam. A majority of its users belong to 18-34 age group.

It is said to process more than a million transactions daily. Its payment gateway is now integrated with 34 banks and payment providers.

VTC Pay Electronic Payment Center director Tran Quang Viet said: “As a pioneer in providing e-wallet service – Electronic payment gateway in Vietnam, VTC Pay will definitely not stop improving.

“Advancing to bring the best experience for users, especially on security and optimisation of payment speed.”

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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