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Ngan Luong introduces QR PAY payment method

Released at: 13:53, 29/08/2018

Ngan Luong introduces QR PAY payment method

Photo: NextTech Group

Online payment gateway launches new method that allows customers to make payments via apps of 15 banks.

by My Van

Online payment gateway Ngan Luong has officially launched its QR PAY payment method, allowing customers to make fast payments by scanning the QR code via apps of 15 banks.

Customers can easily use the service through the mobile banking app of their bank to make payment transactions without entering card information or bank account details. Transactions are conducted in seconds by means of a QR code scan, increasing the experience and saving time.

To make such payments, customers need only have a smartphone with a camera to scan the QR code, log in to the bank’s mobile banking app, and follow some simple steps. Ngan Luong has expanded its cooperation with 15 banks, including Vietcombank, Vietinbank, Agribank, BIDV, SHB, ABBank, SCB, and TVB.

More than 55 per cent of Vietnam’s population own a smartphone and 41.8 million are 3G subscribers. In excess of 9,000 locations accept payments at convenience stores, supermarkets, restaurants, and cinemas, and QR code payments have become part of consumption habits in the country.

By offering QR code payments alongside conventional electronic payment methods such as cards, internet banking, or e-wallets, Ngan Luong provides a more convenient, faster and more secure payment channel and encourages customers to move away from using cash.

For businesses using e-payment gateway services, Ngan Luong expects QR code payments to be an effective tool that helps businesses reduce investment costs and increase sales by 15-20 per cent.

Ngan Luong.vn is a leading online payment gateway and telecommunications portal in Vietnam, in terms of products and services, market coverage, and payment flows. Developed by the NextTech Group (formerly the PeaceSoft Group) in 2009, it allows individuals and businesses to send and receive payments online quickly, safely and conveniently. Ngan Luong was ranked in the Top 10 outstanding payment solutions in Vietnam by Forbes magazine, with a total of 15 million transactions, a total transaction value of up to $200 million, and 1.3 million users.

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