Vietnam Prosperity Joint Stock Commercial Bank (VPBank) pioneers the launch of the Super payment solution set, comprehensively integrating modern, smart and flexible payment technologies, to meet all needs of both consumers and businesses. In the context of users increasingly prioritizing convenience, security and personalized experience, solutions such as Pay by Account and Tap to Phone have contributed to reshaping the payment habits of Vietnamese people, especially the younger generation.
Pay by Account - pay by bank account, no card required
"Touching one is enough!" - that is the common feeling of many customers, especially Gen Z young people when experiencing Pay by Account on the VPBank NEO application for the first time. No wallet required, no card required, no OTP code entered just a phone and a light touch, all transactions are processed in a centralized manner, absolutely safe and full of incentives.
Officially launched at the end of 2024, Pay by Account is a modern payment solution, allowing customers to directly use money on VPBank NEO accounts to make touch payments at more than 150 million Mastercard card acceptance points worldwide, with no payment limit. The special feature of this method is the simplicity and convenience when simplifying all operations: no wallet, no card, payment with just one touch. This is also a safe and highly secure form of payment when there is no need to enter card information, no need to worry about leaking data to others during the payment process.
Recently, VPBank continued to deploy the Pay by Account feature at the Ho Chi Minh City Urban Railway system (Metro, Ho Chi Minh City). When traveling by the Ho Chi Minh City Metro system, passengers only need to touch their phone at the ticket gate with a POS, the system will automatically record the travel and deduct money directly from VPBank account. This payment technology not only brings innovation in payment services but also shows VPBank's efforts in the goal of developing a smart consumer community.
Customers can easily register and use Pay by Account right on VPBank NEO to receive attractive incentives for customers using this feature. Notably, integrating refund incentives (up to 500,000 VND/month) and direct discounts into the payment experience not only motivates users to switch to new methods but also creates strong competitive momentum in the digital financial service market.
Tap to Phone turns phone into POS device
I used to have to reject many customers because I didnt have a card scanning machine. Since using Tap to Phone from VPBank, I can receive payment on the spot, customers only need to touch the card or phone to be done. Both convenient and professional! Mr. Tuan, owner of a coffee shop in Hanoi, shared.
The fear of investing in POS machines because of concerns about cost is the mentality of many small business owners today. In the digital age, payment is not only a financial operation, but also a part of lifestyle. Gen Z - the generation that loves compactness, convenience and technology - is strongly embracing the trend of "touching to pay". From morning coffee to weekend movies, every experience becomes smoother than ever. And that is the reason why VPBank Tap to Phone has become a effective assistant for small business households.
With just a smartphone, business owners can easily turn the phone into a payment acceptance device, can have payments anytime, anywhere and especially, easily shared with even sales staff. This is an attractive payment feature that VPBank has built based on in-depth understanding of customers' spending habits.
From a business perspective, Tap to Phone not only helps save on equipment investment costs but also opens up opportunities to reach young, technology-loving customers. Simplifying payment processes and managing revenue right on the phone will be a key factor to help small stores improve business efficiency in the digital era.
It can be said that the appearance of contactless payment solutions such as Pay by Account and Tap to phone of VPBank is contributing to promoting the digital transformation process in the finance - banking sector in Vietnam, while creating a modern, safe and multi-utility payment ecosystem for both consumers and business households.
