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UNIONPAY AND TPBANK COLABORATE TO EXPAND CARD AND QR CODE PAYMENT ACCEPTANCE IN VIETNAM
2019-07-15


International payment brand UnionPay (UPI) announced its payment collaboration with TPBank to expand card and QR Code payment acceptance in Vietnam, as part of an attempt to provide customers with a seamless payment method at many merchants locally.

The collaboration between the two parties will now allow millions of UnionPay customers to facilitate their payments via TPBank’s QR Code acceptance points and mPOS in Vietnam, starting as early as July 2019.

TPBank currently has over 30,000 QR Code acceptance points and a large number of mPOS terminals. UnionPay Cardholders will find it convenient to swipe their card and scan the QR Code at thousands of stores in Vietnam, as well as easily withdraw cash from TPBank’s ATM and LiveBank

The signing ceremony was witnessed by Vice President of  UPI Larry Wang, General Manager of  UPI South East Asia Wenhui Yang, Country Manager of  UPI Vietnam & Laos Arthur Liu, CEO of TPBank Nguyen Hung, Deputy CEO Dinh Van Chien, TPBank Card Center Director Hoang Ngoc Thuyet.

UPI has been actively deploying contactless terminals and QR Code for payment, as well as developing other innovative payment solutions with other partners in Vietnam, in line with the State Bank of Vietnam’s vision to become cashless by 2020.

“UnionPay invests significantly in technology and innovation to deliver a range of leading payment products and services, all adhering to the highest standards of security and protection. So I am pleased that with TPBank, we  will be able to better meet the fast changing payment needs of the Vietnam population, and to better serve the nation’s fast growing and vibrant economy,” said  Larry Wang – Vice President of UnionPay International.

Speaking at the event, TPBank CEO Nguyen Hung said that following a fruitful negotiation, TPBank is delighted that the bank and UPI had reached a mutual agreement, bringing practical benefits to both parties.

As a pioneer bank in building international service quality, TPBank has always welcomes opportunities to expand cooperation with reputable organisations in the market, offering more added values to customers. The partnership between TPBank and UPI thus marks an important step for TPBank and UPI in expanding payment networks in the international market, contributing to the growing trend of cashless payment in the world.

The cooperation between TPBank and UPI will further help Vietnamese retailers magnify their business capabilities to increase revenue and profits.
International payment brand UnionPay (UPI) announced its payment collaboration with TPBank to expand card and QR Code payment acceptance in Vietnam, as part of an attempt to provide customers with a seamless payment method at many merchants locally.

The collaboration between the two parties will now allow millions of UnionPay customers to facilitate their payments via TPBank’s QR Code acceptance points and mPOS in Vietnam, starting as early as July 2019.

TPBank currently has over 30,000 QR Code acceptance points and a large number of mPOS terminals. UnionPay Cardholders will find it convenient to swipe their card and scan the QR Code at thousands of stores in Vietnam, as well as easily withdraw cash from TPBank’s ATM and LiveBank

The signing ceremony was witnessed by Vice President of  UPI Larry Wang, General Manager of  UPI South East Asia Wenhui Yang, Country Manager of  UPI Vietnam & Laos Arthur Liu, CEO of TPBank Nguyen Hung, Deputy CEO Dinh Van Chien, TPBank Card Center Director Hoang Ngoc Thuyet.

UPI has been actively deploying contactless terminals and QR Code for payment, as well as developing other innovative payment solutions with other partners in Vietnam, in line with the State Bank of Vietnam’s vision to become cashless by 2020.

“UnionPay invests significantly in technology and innovation to deliver a range of leading payment products and services, all adhering to the highest standards of security and protection. So I am pleased that with TPBank, we  will be able to better meet the fast changing payment needs of the Vietnam population, and to better serve the nation’s fast growing and vibrant economy,” said  Larry Wang – Vice President of UnionPay International.

Speaking at the event, TPBank CEO Nguyen Hung said that following a fruitful negotiation, TPBank is delighted that the bank and UPI had reached a mutual agreement, bringing practical benefits to both parties.

As a pioneer bank in building international service quality, TPBank has always welcomes opportunities to expand cooperation with reputable organisations in the market, offering more added values to customers. The partnership between TPBank and UPI thus marks an important step for TPBank and UPI in expanding payment networks in the international market, contributing to the growing trend of cashless payment in the world.

The cooperation between TPBank and UPI will further help Vietnamese retailers magnify their business capabilities to increase revenue and profits.

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