Visa launches SME online toolkit in Vietnam

According to Visa’s officials, consumers in Vietnam and globally are increasingly adopting contactless payments due to their speed, convenience, and security, which prompts merchants to expand their accepted payment methods. Additionally, the firm expressed its commitment to providing SMEs in Vietnam with modern financial and payment solutions, so that they can grow their operations and reach their potential. By launching the new payments toolkit, Visa aims to facilitate the extensive adoption of digital payments among businesses, enabling them to better address the needs and preferences of consumers while accelerating the transition to a cashless society in Vietnam.

Furthermore, the toolkit follows several initiatives from Visa, in which the firm intended to support SMEs and foster cashless payments while driving participation in the digital economy. For example, Visa partnered with VNPAY to allow contactless payments through VNPAY SoftPOS by enabling merchants to leverage their smartphones as POS devices that accept tap-to-pay transactions. Through this, the two firms aimed to improve the shopping experience, minimise costs of equipment and cash management, and optimise financial reporting for merchants.

Source: Link