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Standards/vietqrcash

VietQRCash

TypeQR Code
PrimaryVN
MentionedVN
Completeness95%high

Overview

VietQRCash is Vietnam's cardless ATM cash-withdrawal service via VietQR code — built on NAPAS (National Payment Corporation of Vietnam) infrastructure + VietQR national QR-payment standard [1, 2, [vn-cro]]. VietQRCash enables customers to conduct ATM cash withdrawal without NAPAS cards through transactions done quickly, safely + securely by mobile banking applications. The service launched as part of NAPAS's broader VietQR ecosystem alongside VIETQRPay (domestic transfers) + VIETQRGlobal (cross-border settlement) — defining Vietnam's QR-payment-infrastructure trinity.

The structural significance: NAPAS handles 15 million VietQR transactions daily with VND 40+ trillion ($1.54B) annual transaction value — substantial scale. Vietnamese street vendors going cashless with QR payments soaring 85% illustrates Vietnam's rapid QR-payment adoption. 2025 NAPAS QR upgrade standardised QR-based retail payment services + laid foundation for cross-border transactions. December 2025 China-Vietnam cross-border QR launch enables Chinese tourists to scan VIETQRGlobal codes at Vietnamese acceptance points (shopping malls, retail stores, tourist attractions, restaurants). Early 2026 NAPAS + UnionPay International outbound payment connectivity will enable Vietnamese users to scan QR codes at UnionPay merchants in China — completing bidirectional cross-border integration. VietQRCash specifically extends the QR-payment-rail to cardless ATM cash access — addressing markets where physical cash remains important alongside digital payments.

History

Background — Vietnamese payment landscape VN:

  • State Bank of Vietnam (SBV) — central bank.
  • NAPAS (National Payment Corporation of Vietnam) — national payment-system operator.
  • Vietnam Banks Association (VBA) — bank industry body.
  • VietQR national QR-payment standard.

VietQR launch by NAPAS + Vietnam Banks Association [1]:

  • Standardized QR for bank-to-bank transfers.

VietQRCash launch [2]:

  • ATM cash withdrawal via VietQR code.

NAPAS FastFund 247 with VietQR Code Service [3]:

  • Real-time interbank-fund transfers.

Early 2025 — NAPAS QR upgrade [vneconomy]:

  • Standardised retail QR + foundation for cross-border.

By 2025 — 15M daily transactions / VND 40T+ annual [vneconomy]:

  • Substantial scale.

Vietnamese street-vendor QR adoption: +85% [vplus]:

  • Rapid grassroots adoption.

December 2025 — China-Vietnam cross-border QR launch [5]:

  • VIETQRGlobal for Chinese tourists in Vietnam.

Early 2026 — NAPAS × UnionPay outbound completion [5]:

  • Vietnamese users at UnionPay merchants in China.

Technical specification

VietQRCash is NAPAS-operated cardless ATM cash-withdrawal via VietQR code [1, 2]:

Layer Description
Operator NAPAS (National Payment Corporation of Vietnam)
Standard VietQR + VietQRCash + VIETQRPay + VIETQRGlobal trinity
Currency VND (Vietnamese đồng)
VietQR daily transactions 15 million
Annual transaction value VND 40+ trillion ($1.54B)
VietQRCash use Cardless ATM cash withdrawal
Mobile banking app integration NAPAS member banks
Cross-border China (Dec 2025), UnionPay outbound (early 2026)

VietQR ecosystem trinity [vneconomy]:

  • VIETQRPay — domestic transfers.
  • VIETQRGlobal — cross-border settlement.
  • VietQRCash — cardless ATM withdrawal.

Use cases

Cardless ATM cash withdrawal [2]: Cardinal — VietQRCash's specific use.

Mobile-banking-app initiated ATM access [2]: No physical card required.

Domestic transfers (VIETQRPay) [1]: Bank-to-bank.

Cross-border tourist payments (VIETQRGlobal) [5]: Chinese tourists in VN.

Outbound Vietnamese-user payments at UnionPay merchants [5]: Early 2026.

Street-vendor + small-merchant QR acceptance [vplus]: +85% growth.

Implementations & ecosystem

Operator: NAPAS (Vietnam national payment-system operator).

Standard development: NAPAS + Vietnam Banks Association.

Regulator: State Bank of Vietnam (SBV).

Major participating banks: Vietcombank, BIDV, VietinBank, Agribank, Techcombank, MB Bank, ACB, others.

International partners: UnionPay International (China), Alipay (cross-border).

Fun facts

  • 15M daily VietQR transactions / VND 40T+ ($1.54B) annual: Substantial scale.
  • Vietnamese street vendors +85% QR growth: Rapid grassroots adoption.
  • VietQR trinity (VietQRPay + VIETQRGlobal + VietQRCash): Comprehensive QR-payment ecosystem.
  • Cardless ATM withdrawal innovation: VietQRCash distinctive.
  • December 2025 China-Vietnam cross-border QR launch: Major bilateral milestone.
  • Early 2026 NAPAS × UnionPay outbound completion: Bidirectional integration.
  • NAPAS + Vietnam Banks Association partnership: Industry-collaboration model.
  • Early 2025 NAPAS QR upgrade: Standardised retail QR + cross-border foundation.

Comparison

Feature VietQRCash / VietQR (VN) thai-qr / PromptPay (TH) qris (ID) khqr (KH) UPI (IN)
Operator NAPAS + VBA BOT + banks BI + ASPI NBC NPCI
Type National QR + cardless ATM (VietQRCash) + cross-border (VIETQRGlobal) National QR + ISO 20022 + EMVCo National QR National payment + QR UPI national instant payment + QR
Daily transactions 15M (VietQR) n/a High n/a 540M+ (May 2025)
Annual value VND 40T+ ($1.54B) n/a High n/a High
Cross-border CN (Dec 2025), UnionPay outbound (early 2026) 8+ links Multi KH-TH-LA-VN-MM Multi

Status

Active, expanding cross-border [1, 2, 5]:

  • NAPAS operator.
  • VietQR + VietQRCash + VIETQRPay + VIETQRGlobal trinity.
  • 15M daily VietQR transactions / VND 40T+ annual.
  • December 2025 China cross-border QR launch.
  • Early 2026 NAPAS × UnionPay outbound completion.

Sources

Deployments

Found in the following country reports (grep across reports/countries/):

source · docs/standards/vietqrcash/index.md