Visa adds Google Wallet capabilities in Vietnam

Visa, the world’s leader in digital payments, is launching Google Wallet for Visa cardholders in Vietnam, in partnership with ACB, Sacombank, Shinhan Bank, Techcombank, TPBank, Vietcombank and VPBank.

With the launch, Android and Wear OS users will be able to enjoy secure and convenient digital payments with a single tap of their smart device.

Mobile devices are replacing notepads, computers, and now wallets too with Visa’s launch of the new payment capability in Vietnam. By saving their Visa card details on Google Pay within Google Wallet, customers will be able to use their devices to make fast and transparent purchases online, in store, and through digital applications alike.

“Mobile devices are truly ubiquitous across Vietnam, with consumers using them to stay connected, do business, and source their entertainment,” said Ms. Dung Dang, Visa Country Manager of Vietnam and Laos. “By launching support for Google, we are unlocking another core capability for Visa cardholders, providing them with a faster, safer, and more convenient way to pay with their smart devices.”

According to Visa’s Consumer Payment Attitudes 2021 study, three-quarters of consumers in Vietnam use mobile contactless payments at least once a week, while more than half of non-users were interested in trying mobile contactless payments. Two out of five consumers conducted e-commerce transactions through smartphone applications.

The launch also supports Vietnam’s strategy to broaden the use of non-cash payments by 2025. The Vietnamese Government has rolled out various policy measures and initiatives to make cashless payments the standard, with the target of growing non-cash payments by 20-25 per cent annually.

“Launching Google Wallet extends the benefits of digital payments to an even wider group of consumers, supporting the nation’s ambitious economic targets by enabling seamless digital payments for Android users,” Ms. Dung Dang added.

Google Wallet is designed to facilitate a swift payment experience for smart device users. It helps users conveniently and securely store digital versions of their boarding passes.