Latest news with #Vietcombank
Malay Mail
7 hours ago
- Business
- Malay Mail
Visa introduces Click to Pay with leading banks and payment facilitators in Vietnam, transforming the online shopping experience
Vietnam is first market in Southeast Asia to embrace Click to Pay, offering unmatched convenience, security, and efficiency in e-commerce transactions. Consumers can look for the Click to Pay icon at participating online merchants both domestically and abroad to enjoy a faster, more secure, and convenient checkout experience. [1] The Green Shoots Radar study is conducted quarterly by Visa to track consumer sentiments across financial services, commerce, travel, and other categories. The total sample size is 14,250 respondents across 14 Asia-Pacific countries, including Vietnam, with male and female participants aged 18 to 65 years old. [2] Visa Risk Datamart, Global FY22 Q1-A4 Token Fraud Rate vs PAN Fraud Rate by PV for merchants with over 1,000 CNP token transactions per month per country. Merchant's individual results may vary. [3] VisaNet, Oct-Dec 2022, Visa credit and debit card-not-present transactions for tokenized vs non-tokenized credentials in the AP region. Authorisation rate is defined as approved authorisations divided by total authorization attempts based upon a first attempt of a unique transaction. HCMC, VIETNAM – Media OutReach Newswire – 9 June 2025 – Visa, a world leader in digital payments, is introducing its issuer-offered Click to Pay solution to the market. Military Commercial Joint Stock Bank (MB), Vietnam Technological and Commercial Joint Stock Bank (Techcombank), JSC Bank for Foreign Trade of Vietnam (Vietcombank), Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), and Vietnam Prosperity Joint-Stock Commercial Bank (VPBank) have been the pioneer banks in adopting the solution. For Techcombank and VPBank, Visa cardholders can experience the solution starting today. On the acceptance side, Click to Pay has been adopted by Ngan Luong Payment Gateway JSC (Alepay Gateway), and VietUnion Online Services Corporation (Payoo), Sai Gon Thuong Tin Commercial Joint Stock Bank (Sacombank), and Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank).Click to Pay simplifies online payments by allowing cardholders to complete transactions with just a few clicks, without needing to enter lengthy card and shipping information. It provides consumers with a fast, secure and convenient checkout experience with global acceptance, as Click to Pay is now enabled in even more places where cardholders want to shop to Visa's Green Shoots Radar survey, which surveyed 1,000 Vietnamese online, 99% of surveyed consumers had shopped online in the last 12 months[1], highlighting the rapid expansion of Vietnam's e-commerce sector. By using an email address or mobile number to verify identity, shoppers can bypass the traditional checkout process, eliminating the need to enter extensive details. Additionally, Click to Pay utilizes cutting-edge technology and global security standards to enhance the safety of information and transactions, providing cardholders with greater peace of mind when making online payments. Click to Pay not only saves time for customers but also reduces cart abandonment rates, benefiting both consumers and retailers."Visa is committed to driving innovation in the payments landscape and enabling a seamless, secure, and convenient online shopping experience for consumers. With e-commerce being so ubiquitous in everyday Vietnamese life and in line with the Vietnamese government's digitization goals, we are excited to bring this innovative solution to Vietnamese consumers through the support of our key banking partners. Click to Pay with Visa will transform the way people shop online, preparing them for the future of a more connected digital economy,"Click to Pay is now available to Techcombank and VPBank Visa cardholders to enroll via the issuer's banking app or participating online merchants. Consumers can look for the Click to Pay icon at participating online merchants both domestically and abroad to enjoy a faster, more secure, and convenient checkout Vietnam, Visa has partnered with Payoo – a payment platform serving as a key intermediary for online retail networks – to integrate Click to Pay across Payoo's merchant ecosystem. Participating partners include KOI Thé, UrBox Trading, AEONESHOP, Galaxy Cinema, ACFC, Maison Online, NEM, Elsa English, GearVN, Vietrace365, Hop on Hop off, among others. In the near future, Visa cardholders who use Click to Pay at Payoo-affiliated merchants will enjoy exclusive promotional offers, helping to accelerate the shift toward a more seamless and cashless shopping on platforms such as LG Electronics Vietnam, British Council, PVI Insurance, PropertyGuru Vietnam ( Mai Nguyen Electronics, and Triumph International Vietnam can enjoy frictionless transactions, as payments are processed through the Alepay Gateway, provided by Ngan Luong Payment Gateway JSC. More merchants are expected to participate in the coming to Pay is designed to transform digital checkouts and meet EMVCo standards. It utilises the Visa Token Service (VTS) to provide multiple layers of advanced security, enhancing authorization rates and reducing fraud in digital commerce. By replacing sensitive card information, such as the 16-digit Primary Account Numbers (PANs), with tokens, VTS can reduce fraud by 58%[2] and increase authorization rates by an average of 2.5% in Asia Pacific[3], compared to PAN-based card-not-present (CNP) transactions. Click to Pay with Visa simplifies the checkout experience for customers – it's like contactless payments in-store, but for online #Visa #ClickToPay The issuer is solely responsible for the content of this announcement. About Visa Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at
CNA
24-04-2025
- Business
- CNA
Vietnam Airlines to finalise 50 Boeing narrow-body order soon, sources say
HANOI : Flag carrier Vietnam Airlines is close to finalising a provisional order for 50 Boeing 737 MAX jets that it made in 2023, industry sources said, as it signed a funding arrangement for 50 single-aisle planes on Thursday. The airline said it had signed a memorandum of understanding with the country's top lender Vietcombank for funding to purchase 50 narrow-body planes, without naming the manufacturer. Vietnam Airlines signed an initial agreement with U.S. planemaker Boeing in 2023 for 50 of the firm's single-aisle 737 MAX aircraft. Vietnamese and U.S. officials have said repeatedly that purchases of U.S. planes would be crucial to reduce Vietnam's large trade surplus with the United States, which the Trump administration has said was a key factor in the 46 per cent tariffs it initially imposed on the country. The carrier, which operates a mixed fleet of Boeing and Airbus aircraft, did not specify which planes it would purchase, nor the amount of funding it had agreed with Vietcombank. Boeing and Airbus referred Reuters enquiries to Vietnam Airlines. Vietnam Airlines' said the purchase was part of its fleet development strategy for the next decade. "The investment is aimed at expanding the short and medium-haul network in key markets such as Southeast Asia, Northeast Asia and domestic markets, where demand for transportation is growing rapidly and competition is increasingly fierce," the carrier said. Vietcombank has previously arranged funding for Vietnam Airlines to purchase wide-body planes, such as the Airbus A350 and Boeing 787, as well as the narrow-body Airbus A321, the statement said. Boeing has been struggling to deliver aircraft to Vietnam and other countries on schedule due to a production slowdown and global supply chain bottlenecks. However, Boeing on Wednesday said it potentially had dozens of planes available for new customers because Chinese airlines were refusing to take delivery of them as a result of Beijing's heavy retaliatory tariffs against U.S.-made goods. Earlier in April, Vietnam Airlines announced a separate non-binding deal with Citibank worth more than $560 million aimed at "strengthening the airline's operational capacity and expanding its international route network in the years ahead". Embraer, the Brazilian planemaker is in talks for the possible sale of 10 E190 narrow-body jets to Vietnam Airlines, one Brazilian official told Reuters last month.
Business Times
24-04-2025
- Business
- Business Times
Vietnam Airlines signs funding deal with Vietcombank for 50 narrow-body planes
[HANOI] Flag-carrier Vietnam Airlines said on Thursday (Apr 24) it had signed a memorandum of understanding with the country's top lender Vietcombank for funding to purchase 50 narrow-body planes. The plane purchases are part of Vietnam Airlines' fleet development strategy for the next decade, it said. 'The investment is aimed at expanding the short and medium-haul network in key markets such as South-east Asia, Northeast Asia and domestic markets, where demand for transportation is growing rapidly and competition is increasingly fierce,' Vietnam Airlines said. It did not specify which planes it would purchase nor the funding size. Vietcombank had earlier arranged funding for Vietnam Airlines to purchase wide-body planes such as Airbus A350, Boeing 787 and narrow-body Airbus A321 planes, according to the statement. The funding deal comes after Vietnamese and US officials have said repeatedly that purchases of US planes would be crucial to reduce Vietnam's large trade surplus with the United States, which the Trump administration has said was a key factor in 'reciprocal' tariffs of 46 per cent initially imposed on the country. Boeing has, however, struggled to deliver planes to Vietnam and other countries. Earlier in April, Vietnam Airlines announced a separate non-binding deal with Citibank worth more than US$560 million aimed at 'strengthening the airline's operational capacity and expanding its international route network in the years ahead'. Embraer, the Brazilian planemaker is in talks for the possible sale of 10 E190 narrow-body jets to Vietnam Airlines, one Brazilian official said last month. REUTERS
