02:27 (GMT +7) - Sunday 18/11/2018

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VIMO & Lotte Duty Free come to payment agreement

Released at: 21:37, 02/02/2018

VIMO & Lotte Duty Free come to payment agreement

Lotte Duty Free is launching “New Year Lucky Money” program through VIMO E-wallet for Chinese customers whom use WeChat (Photo from VIMO)

Agreement allows Chinese customers at Lotte Duty Free stores at Da Nang Airport to pay for goods via mobile payment platform.

by Hai Van

One of the leading mobile payment platforms in Vietnam, VIMO, signed a partnership in Hanoi on February 1 with Lotte Duty Free over the use of a mobile payment platform accepting WeChat Pay (Weixin Pay) from Chinese tourists at its duty free stores at Da Nang International Airport.

Chinese tourists are now able to use the WeChat mobile app to scan QR codes generated by the cashier upon checkout at Lotte’s duty free shops at the airport.

Payments can be made via QR codes at 41 checkouts in the five store network at Da Nang Airport. Lotte Duty Free shops have many high-quality products, such as cosmetics, watches, wines, medicines, clothes, and jewelry, and the partnership provides a convenient payment method for Chinese tourists and boosts Lotte Duty Free’s revenue.

From February 1 to February 28, to welcome in the lunar new year, VIMO and WeChat also launched New Year Lucky Money for Chinese users with formal WeChat accounts. After making a payment at Lotte Duty Free, customers will be randomly refunded up to CNY 888 ($140). Lotte Duty Free will also launch a host of promotional programs from many brands and present valuable gifts during February.

VIMO is the largest mobile wallet and the first and only mobile payment platform in Vietnam to allow Chinese customers to pay with WeChat while traveling in Vietnam. It currently has nearly 500 higher-end stores accepting WeChat payments at popular tourist destinations around the country, including more than 50 stores at five international airports with direct flights to and from China.

General Director of VIMO, Mr. Do Cong Dien, said it will expand its acceptance network to 2,000 more shops this year to provide convenient payments for Chinese tourists.

Vietnam is one of the most attractive destinations in the region for Chinese tourists, with an estimated 3.5 million arrivals and turnover of nearly $3 billion last year. By enabling WeChat payments at thousands of stores locally, VIMO targets to boost spending by Chinese tourists in Vietnam by 10 per cent this year, from an average of $638 in 2017.

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