Visa and banks launch global commercial payment platform

NGUYỄN ĐĂNG |

Visa and leading banks such as VPBank, Shinhan Vietnam and MB have launched the Global Trade Payment Platform (GTPP).

Focusing on the Vietnam-Korea trade corridor, GTPP allows Vietnamese importers to pay Korean suppliers through Visa business cards, helping to simplify cross-border transactions, minimize errors and provide real-time counterfeit capabilities, thereby improving operational efficiency.

This milestone continues to affirm the close cooperation relationship between Visa and banking partners in promoting digital payment applications for Vietnamese businesses.

The fact that VPBank, Shinhan Bank Vietnam, and MB were honored by Visa with the "Excellent Award for Pioneering Units in B2B Trade for SMEs 2025" is proof of the pioneering role of banks in bringing GTPP to the market.

These efforts reflect Visa's long-term strategy in modernizing B2B payments throughout the Asia-Pacific region, while creating conditions for small and medium-sized enterprises to trade more effectively as Vietnam increasingly tightens economic relations with South Korea.

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