This feature streamlines online transactions by securely storing payment credentials and eliminating the need for manual data entry during checkout.
Several Vietnamese banks are involved in this initiative, including Techcombank, VPBank, Vietcombank, VietinBank, and MB Bank. For customers of Techcombank and VPBank, Click to Pay is now available through their mobile banking apps or participating online stores, where cardholders can register and use the service.
Merchant Integration
On the acceptance side, local acquirers and payment facilitators such as Alepay Gateway (Ngan Luong Payment Gateway JSC), Payoo (VietUnion Online Services Corporation), Sacombank, and VietinBank have integrated Click to Pay. Through these platforms, a variety of merchants, ranging from retail stores like Galaxy Cinema, KOI Thē, and Mai Nguyen Electronics, are now offering this payment functionality.
As part of Visa’s partnership with Payoo, the solution is being rolled out across Payoo’s merchant network. According to Visa officials, additional merchants will enable Click to Pay in the coming months.
Click to Pay complies with EMVCo standards and leverages the Visa Token Service (VTS) to replace sensitive payment details such as Primary Account Numbers with unique tokens. Visa data indicates that this tokenization process has helped reduce fraud and increase transaction approval rates in other Asia-Pacific markets.
Visa aims to align with Vietnam’s expanding digital commerce infrastructure and national goals for cashless payments. The company believes that simplifying the online checkout process enhances consumer convenience while potentially lowering shopping cart abandonment rates for merchants.
According to Visa’s Green Shoots Radar survey of 1,000 respondents, over 99% reported making online purchases in the past year. Click to Pay allows users to verify their identity using a mobile number or email address, streamlining the purchase process without repeatedly entering payment or shipping details.