Visa and VNPT-Media sign MoU to advance digital and financial inclusion in Vietnam
03/10/2025
Visa (NYSE: V), the global leader in digital payments, and VNPT-Media, a member unit of Vietnam Posts and Telecommunications Group (VNPT), announced a strategic partnership to advance digital payment solutions and enhance financial inclusion across Vietnam.
As a key player in VNPT Group's national digital transformation strategy, VNPT-Media enhances VNPT's market offerings with robust infrastructure and a digital financial ecosystem. This includes e-government services like the National Public Service Payment Portal and National Population Database, smart city solutions for transportation, healthcare, education, and utilities, and digital services for households such as MyTV, electronic invoices, and VNPT SmartCA (Online Digital Signature Service).
Visa and VNPT-Media will collaborate to deliver innovative digital payment solutions by integrating Visa's advanced technologies, including Pay by Wallet and Unified Commerce Solutions (Cybersource), into the VNPT Money ecosystem. This collaboration aims to provide seamless and secure transactions for merchants and consumers, while also offering VNPT customers simplified access to digital financial services and convenient cross-border payments.
Aligned with Vietnam's National Digital Infrastructure Plan to 2030, this partnership will enhance public sector transactions through Visa Government Solutions, ensuring greater transparency, security, and efficiency. Furthermore, Visa and VNPT-Media will support the digitalization of small and medium-sized businesses (SMBs) by using data insights to create alternative credit scoring mechanisms, thereby facilitating access to capital and encouraging financial institutions to offer more funding opportunities. This initiative is expected to empower SMBs, fostering growth and contributing to economic development in Vietnam.
"This strategic alliance aims to drive digital transformation, foster innovation, and stimulate economic growth by enhancing digital payment solutions and financial inclusion in Vietnam. Small and medium-sized businesses are vital to Vietnam’s economy. By leveraging Visa’s advanced payment technologies, we can empower these businesses to access necessary financing, grow, and significantly contribute to the nation's economic development,” said Ms. Dung Dang, Country Manager for Visa Vietnam and Laos.
Mr. Vu Van Trieu, Deputy General Director of VNPT-Media, stated: “This collaboration with Visa marks a significant step in VNPT-Media's commitment to delivering tangible value to our customers and contributing to Vietnam's thriving digital economy. By integrating Visa's cutting-edge payment solutions, we aim to provide unparalleled payment experiences and empower VNPT customers with easy access to digital financial services, ultimately supporting the national goal of a cashless society."
By combining the expertise of Visa and VNPT-Media, this partnership will accelerate the development and expansion of VNPT-Media's digital financial ecosystem. This collaboration is aligned with VNPT Group's vision of becoming a key technology leader in Vietnam, driving sustainable digital transformation across industries and contributing to the advancement of Vietnam's digital economy and society.
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 Visa.com.
About VNPT-Media
VNPT-Media, a member of VNPT Group, operates in the fields of business research and development, television services, multimedia communication services, value-added services, and information technology. VNPT-Media aims to build Vietnam's largest integrated multimedia service ecosystem on technology and internet platforms. VNPT-Media is also the unit assigned by VNPT Group to develop services in the field of digital finance – one of the four pillars of VNPT Group's development strategy. With a mission of innovation and delivering high-quality, valuable products, VNPT-Media continuously enhances customer experiences and pioneers the national digital transformation, particularly in the area of digital payments.