Representatives from the Vietnam Payment Solutions Joint Stock Company (VNPAY) and the Thang Long Transport Corp. have signed a memorandum of understanding (MoU) on providing a new form of payment - VNPAYQR scanning on the mobile banking application.

The payment form is expected to bring benefits to both customers and Thang Long Transport.

General Director of VNPAY, Mr. Le Tanh, told the signing ceremony that VNPAY is one of the leading companies in the field and provides payment solutions to over 8,000 Vietnamese enterprises and has cooperation agreements with 31 banks in Vietnam.

General Director of Thang Long Transport, Mr. Nguyen Tien Long, emphasized that applying new technology, especially QR codes, has become necessary in recent times because it brings convenience to customers.

“We will apply mobile payments through QR codes in Hanoi first and will then expand to other cities and provinces, especially Bac Ninh province,” he said. “Most foreign customers, such as those from Japan and South Korea, expected that we will adopt new payment solutions.”

Thang Long has become a multi-business corporation, in passenger transport, transportation construction, and commercial business.

In passenger transport, the company has 700 taxis and 800 employees, operating in the capital Hanoi and northern Bac Ninh and Bac Giang provinces.

VNPAY was officially established in March 2007 by a team of experienced leaders in the field of banking and finance, information technology, and telecommunications.

With the goal of becoming a leading company in the field of electronic payments in Vietnam, over the last four years VNPAY has cooperated with 31 banks, seven telecommunications companies, and more than 8,000 enterprises, providing payment solutions such as SMS Banking, the VnTopup phone recharge service, VnMart e-wallet, multi-SIM, and the VNPAYQR payment gateway.