China and Vietnam launch cross-border QR payment system

Translation. Region: Russian Federation –

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

HANOI, Dec. 3 (Xinhua) — China and Vietnam officially launched a bilateral QR payment service in Vietnam's capital Hanoi on Tuesday, marking its launch in the Vietnamese market.

The project allows Chinese consumers to make payments at merchants that accept Vietnam's national VietQR system using Chinese mobile payment tools.

Speaking at the ceremony, Nguyen Quang Minh, CEO of the Vietnam National Payment Corporation, noted that the launch of the bilateral QR payment system is an important milestone that will strengthen financial ties between the two countries.

UnionPay International CEO Wang Lixin emphasized that the project brings mutual benefits to both businesses and consumers. –0–

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