NAPAS 247 + VietQR

Overview

NAPAS 247 + VietQR is Vietnamese national instant payments + QR payment scheme + National Payment Corporation of Vietnam NAPAS Vietnamese national payment switch parent + interoperable instant transfers + QR payments across all Vietnamese banks + cross-border QR interoperability with Thailand + Malaysia + Singapore + Cambodia + Laos via ASEAN regional QR linkage [1, vn-cro].

History

2004 — NAPAS National Payment Corporation of Vietnam founded as Vietnamese national payment switch by SBV State Bank of Vietnam + Vietnamese commercial banks consortium.

Apr 1 2017 — NAPAS 247 Vietnamese national instant payments scheme launched distinctive Vietnamese instant payment heritage.

Jun 15 2021 — VietQR standardised Vietnamese QR payment scheme launched across all Vietnamese banks + e-money issuers.

2022 — VietQR cross-border QR interoperability with Thailand PromptPay launch.

2024 — VietQR cross-border QR interoperability with Cambodia KHQR + Laos LAO QR launch.

Ownership & operator

Operating entity: NAPAS 247 + VietQR (Vietnamese national instant payments + QR payment scheme; NAPAS parent).

Major shareholders: NAPAS National Payment Corporation of Vietnam (Vietnamese national payment switch; SBV State Bank of Vietnam + Vietnamese commercial banks consortium parent).

Regulators: SBV State Bank of Vietnam + NAPAS National Payment Corporation of Vietnam.

Technical integration

NAPAS 247 + VietQR deployed via Vietnamese bank + e-money issuer mobile apps (Vietcombank + Techcombank + BIDV + VietinBank + MB Bank + ACB + Sacombank + VPBank + 50+ Vietnamese banks + MoMo + ZaloPay + ViettelPay + VNPT Pay + ShopeePay + GrabPay) + Vietnamese retail POS network; interoperable instant transfers + QR payment standard; cross-border QR interoperability with Thailand + Malaysia + Singapore + Cambodia + Laos via ASEAN regional QR linkage.

Implementations & partners

Vietnamese NAPAS 247 + VietQR issuers: [[vietcombank]] (Vietcombank; HOSE: VCB) + [[techcombank]] (Techcombank; HOSE: TCB) + [[bidv]] (BIDV Bank for Investment and Development of Vietnam; HOSE: BID) + [[vietinbank]] (VietinBank; HOSE: CTG) + [[mb-bank]] (MB Bank Military Commercial Joint Stock Bank; HOSE: MBB) + [[acb-vietnam]] (ACB Asia Commercial Bank; HOSE: ACB) + [[sacombank]] (Sacombank Saigon Commercial Bank; HOSE: STB) + [[vpbank]] (VPBank Vietnam Prosperity Bank; HOSE: VPB) + [[momo-vietnam]] (MoMo Vietnam; Vietnamese super-app mobile wallet; Vietnam's largest mobile wallet by users) + [[zalopay]] (ZaloPay Vietnamese mobile wallet) + [[viettelpay-money]] (ViettelPay; Viettel Vietnamese telecom mobile money + bank) + [[shopeepay-vn]] (ShopeePay Vietnam; Sea Limited Vietnamese mobile wallet) + [[grabpay-vn]] (GrabPay Vietnam; Grab Vietnamese mobile wallet).

Cross-border QR linkage partners: [[promptpay]] (PromptPay Thailand) + duitnow-qr (DuitNow QR Malaysia) + [[paynow]] (PayNow Singapore) + khqr (KHQR Cambodia) + [[lao-qr]] (LAO QR Laos) + qris (QRIS Indonesia).

Regulators: SBV State Bank of Vietnam + NAPAS.

Status

Active, Vietnamese national instant payments + QR payment scheme + National Payment Corporation of Vietnam NAPAS Vietnamese national payment switch parent + interoperable instant transfers + QR payments across all Vietnamese banks + cross-border QR interoperability with Thailand + Malaysia + Singapore + Cambodia + Laos via ASEAN regional QR linkage [1, 2].

Sources

• 1 NAPAS — official
• 2 NAPAS — Wikipedia
• vn-cro In-corpus: reports/countries/VN-vietnam.md

Source

Biography extracted from napas-247.md. See matrix.md for standards-support matrix if present.