DOCOMO Digital and VTC Pay join hands to further scale mobile commerce in Vietnam
9 July, Hanoi
VTC Pay, Vietnam’s largest mobile wallet and payment gateway and DOCOMO Digital, the world’s preeminent mobile commerce enabler are entering a partnership to scale the mobile commerce ecosystem in Vietnam, according to an announcement made earlier today.
VTC Pay’s e-wallet is used by more than three million consumers, a majority in the 18-34 years-demographic, with more than a million transactions recorded daily. An increasingly vibrant economy, Vietnam has been rapidly digitizing and is slated to grow at 6.7%, the fastest rate forecast this year in Southeast Asia or the ASEAN block. Leveraging DOCOMO Digital’s platform which seamlessly connects international merchants and payment providers with a state-of-the-art single-API framework, VTC Pay will further build on its popularity by offering DOCOMO Digital’s partner international merchants to its users in Vietnam.
“As a pioneer in providing e-wallet service - Electronic payment gateway in Vietnam, VTC Pay will definitely not stop improving. Advancing to bring the best experience for users, especially on security and optimization of payment speed”., said Mr. Tran Quang Viet - Director of VTC Pay Electronic Payment Center.
“VTC partnership is a great manifestation of our vision to be the largest integrator of digital or mobile wallets, especially in emerging markets. With this partnership, we can support international merchants looking to expand in Vietnam with the most preferred mode of payment, especially among the young population, the largest segment of consumers for digital content. And VTC Pay can tap into our existing network of international merchants, to be able to offer more choice to its growing customer base.”, said Dheeraj Soni, President of DOCOMO Digital’s Payments business.
About VTC Pay
Established in 2009, VTC Pay has grown to be the largest digital wallet in Vietnam with more than three million users. VTC Pay’s payment gateway is now integrated with 34 banks and payment providers, including Visa, Mastercard, JCB and Amex. VTC Pay’s mission is to develop cashless payment methods in Vietnam, to give an impulse to domestic ecommerce. VTC Pay aims to be the leading payment service provider in Vietnam and provides various products, services to countries in region and worldwide. For more information, visit https://vtcpay.vn/gioi-thieu?l=en
Rahul Mudgal
+65 978 17160
Rahul.mudgal@docomodigital.com
DOCOMO Digital partners with over 200 carriers and 300 merchants globally. DOCOMO Digital’s portfolio of innovative marketing solutions helps brands and telecom carriers unlock growth while enhancing the experience for their users. DOCOMO Digital’s portfolio of leading-edge payments services connects digital platforms, payment providers, telecom carriers to enable secure and seamless mobile commerce at scale, in compliance with all local and international regulations. DOCOMO Digital is headquartered in London, with teams based in over 30 cities around the world. DOCOMO Digital is a wholly-owned subsidiary of one of the world’s largest telecom companies - NTT DOCOMO, listed on the Tokyo Stock Exchange. For more information, visit www.docomodigital.com or find us on LinkedIn or Twitter.
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