POS & NFC Payment Platforms in Vietnam: Key Players
Discover Vietnam’s top POS and NFC payment platforms like SmartLink, Mobivi, and 123Pay. Compare features, adoption, and market trends.
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OS & NFC Payment Platforms in Vietnam: Key Players & Trends
Vietnam’s cashless revolution is accelerating, with POS (Point of Sale) and NFC (Near Field Communication) payment solutions gaining traction. Here’s a breakdown of leading platforms driving this shift:
1. SmartLink & Mobivi (NFC Payments)
SmartLink’s partnership with Mobivi enables NFC-based contactless payments, allowing users to make secure transactions via smartphones. This collaboration strengthens Vietnam’s move toward tap-to-pay adoption.
2. OnePay (POS & Multi-Channel Payments)
Backed by Vietcombank, OnePay supports POS systems, online transfers, and mobile banking. Its integration with Mastercard enhances merchant acceptance.
3. 123Pay (VNG) – POS & NFC Integration
A rising fintech player, 123Pay combines POS, NFC, and e-wallet services. With VNG’s vast ecosystem (Zalo, Zing), it’s well-positioned for retail and utility payments.
4. NganLuong (POS & E-Commerce Payments)
A market leader, NganLuong supports POS transactions alongside e-commerce payments, serving 10,000+ merchants with real-time settlements.
5. Viettel Pay & Telecom NFC Solutions
Viettel and other telecom providers are testing NFC-based mobile payments, though high transaction fees (30–50%) slow adoption. Regulatory easing could spur growth.
Challenges & Future Trends
- POS Adoption: Small merchants still prefer cash, but incentives are increasing digital payments.
- NFC Growth: Contactless payments are expanding via partnerships (e.g., SmartLink-Mobivi).
- Regulation: Lower fees and better infrastructure could accelerate POS and NFC usage.
