# Viet Nam — payment codes and schemes

> Source: https://docs.barcoder.ai/docs/payments/VN
> extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

## Summary

- **VietQR** is the national interbank QR standard (2021)
- **9.56 billion transactions** in 2024 (+30% volume)
- **106.7% growth** in QR code payments (2024)
- **NAPAS 247** enables real-time 24/7 transfers
- **60% of Vietnamese** use QR codes regularly

## Banking landscape

### Central Bank
- **Name:** State Bank of Vietnam (SBV)
- **Website:** https://www.sbv.gov.vn/
- **Role:** Monetary policy, payment systems regulation

### Major Banks (2024)

| Rank | Bank Name | Type | Digital Platform |
|------|-----------|------|------------------|
| 1 | Vietcombank (VCB) | State-owned | VCB Digibank |
| 2 | BIDV | State-owned | BIDV SmartBanking |
| 3 | VietinBank | State-owned | iPay |
| 4 | Techcombank | Private | F@st Mobile |
| 5 | MB Bank | Private | MBBank App |

### Market Structure
- **Big Four State Banks:** VCB, BIDV, VietinBank, Agribank
- **Private Leaders:** Techcombank, MB Bank, VPBank
- **50+ banks:** VietQR participants
- **Digital transformation:** Rapid fintech adoption

### 2024 Performance
- 30% rise in transaction volume
- 14.4% rise in transaction value
- QR payments surged 106.7%

---

## Payment infrastructure

### National Payment Systems

| System | Operator | Type | Status |
|--------|----------|------|--------|
| VietQR | NAPAS | Interbank QR | Active |
| NAPAS 247 | NAPAS | Real-time 24/7 | Active |
| VietQRCash | NAPAS | ATM QR withdrawal | Active |
| Interbank | SBV | Bank transfers | Active |

### NAPAS Statistics (2024)
- **9.56 billion transactions**
- **30% volume growth**
- **14.4% value growth**
- **106.7% QR payment growth**

### NAPAS 247 Features
- Real-time credit transfers
- 24/7 operation
- Under 10 seconds processing
- Limit: 500 million VND per transaction

---

## QR code standards

### VietQR

| Attribute | Value |
|-----------|-------|
| **Launch** | 2021 |
| **Operator** | NAPAS |
| **Format** | EMVCo compliant |
| **Participants** | 50+ banks |

### VietQR Features
- Single interoperable QR code
- Eliminates manual account entry
- P2P and retail transactions
- Real-time settlement

### VietQRCash (ATM Withdrawals)
- **Launch:** August 2023
- **Feature:** Cardless ATM withdrawals
- **Coverage:** 60%+ of Vietnam's ATMs
- **Process:** Scan QR with mobile banking app

### 2024 QR Growth

| Metric | Growth |
|--------|--------|
| QR volume | +106.7% |
| QR value | +84.8% |
| Interbank electronic | +6.8% volume, +33.1% value |

---

## Mobile payment apps

| App | Provider | VietQR | Users |
|-----|----------|--------|-------|
| VCB Digibank | Vietcombank | Yes | Large |
| BIDV SmartBanking | BIDV | Yes | Large |
| iPay | VietinBank | Yes | Large |
| F@st Mobile | Techcombank | Yes | Large |
| MBBank App | MB Bank | Yes | Growing |

### E-wallets
- MoMo (dominant)
- ZaloPay (Zalo messenger)
- VNPay
- ShopeePay
- ViettelPay (telecom)

### MoMo Leadership
- Largest e-wallet in Vietnam
- QR code payments
- P2P transfers
- Bill payments and services

---

## Schemes

| Scheme | Type | Symbology | Adoption | Technical standard |
|---|---|---|---|---|
| [VietQR](https://docs.barcoder.ai/docs/payments/VN/vietqr) | Interbank QR | EMVCo | 50+ banks | [`vietqr`](https://docs.barcoder.ai/docs/standards/vietqr) |
| [VietQRCash](https://docs.barcoder.ai/docs/payments/VN/vietqrcash) | ATM QR | NAPAS | 60% ATMs | [`vietqrcash`](https://docs.barcoder.ai/docs/standards/vietqrcash) |
| [NAPAS 247](https://docs.barcoder.ai/docs/payments/VN/napas-247) | Real-time | NAPAS | Universal | — |

## Sources

- [NAPAS - VietQR FastFund 247](https://en.napas.com.vn/napas-fastfund-247-with-vietqr-code-service)
- [NAPAS - VietQRCash](https://en.napas.com.vn/cash-withdrawal-service-via-vietqr-code-vietqrcash-184230829204909787.htm)
- [Vietnam Plus - QR Surge 2024](https://en.vietnamplus.vn/qr-code-payment-transactions-surge-in-2024-post308072.vnp)
- [Vietnam Plus - VietQRCash Launch](https://en.vietnamplus.vn/interbank-atm-cash-withdrawals-via-qr-code-now-available/265833.vnp)
- [Transfi - Vietnam Payment Rails](https://www.transfi.com/blog/vietnams-payment-rails-how-they-work---exploring-napas-qr-code-standards-the-cashless-transformation)
- [Lightspark - Instant Payments Vietnam](https://www.lightspark.com/knowledge/instant-payments-vietnam)
- [Vietnam Plus - China QR Link](https://en.vietnamplus.vn/chinese-tourists-can-make-qr-code-payments-in-vietnam-from-december-2-post333602.vnp)
- [TNGlobal - China-Vietnam QR](https://technode.global/2025/12/03/china-and-vietnam-launch-cross-border-qr-payment-program/)
- [Vietnam News - VietQRCash](https://vietnamnews.vn/economy/1582197/interbank-atm-cash-withdrawals-via-qr-code-now-available.html)
- [Vietcombank - VietQRCash Event](https://www.vietnam.vn/en/vietcombank-tham-gia-su-kien-ra-mat-dich-vu-vietqrcash/)

## Full country report

[VN-vietnam.md](https://docs.barcoder.ai/docs/payments/VN)