Payment methods in Vietnam
Vietnamese buy US$13 billion worth of goods and services online every year, rising to US$24 billion by 2027.
Market takeaways
- Vietnamese buy US$13 billion worth of goods and services online every year, rising to US$24 billion by 2027.
- Online shoppers in Vietnam buy around US$5 billion worth of online purchases from online merchants in other countries.
- Online shoppers in Vietnam use alternative and digital payment methods in more than 70% of all online transactions.
- Some of the most popular digital payment methods in Vietnam include the mobile wallet MoMo, a range of bank-transfer apps, and cash on delivery.
- The Vietnamese buy 51% of all their online purchases using a mobile device, compared to 65% across the whole region.
Population
99.5M
Online population
85.6M
B2C e-commerce
$13B
Banked population
42%
Credit card population
4%
E-commerce of total retail
7%
Payment method breakdown
- Card27%
- Cash18%
- Bank Transfer21%
- E-Wallet31%
- Other3%
Card scheme breakdown
- Visa7%
- Mastercard6%
- American Express0%
- Local schemes87%
- Other1%
Cross-border e-commerce
Market data coming soon.
Featured payment methods in Vietnam
All payment methods available in this market, sorted by prominence.
ShopeePay
ShopeePay is the in-app and online wallet of the Shopee marketplace, among the most-used wallets across Southeast Asia. Operator: Shopee / Sea Limited. Est. users: Tens of millions across SEA (2025).
TrueMoney
TrueMoney is Ascend Money's multi-country Southeast Asian e-wallet, the most widely accepted wallet in Thailand. Operator: TrueMoney Co., Ltd. (Ascend Money). Est. users: 17 million+ active in Thailand (2025).
SmartPay
SmartPay is a Vietnamese e-wallet focused on merchants and consumers, regulated by the State Bank of Vietnam. Operator: SmartNet JSC (SmartPay). Est. users: Several million users (2024).
ZaloPay
ZaloPay is a leading Vietnamese e-wallet linked to the Zalo app, regulated by the State Bank of Vietnam and used for online payments. Operator: Zion JSC (VNG / Zalo). Est. users: 20 million active users (2025).
VietQR
VietQR is Vietnam's interoperable national QR standard from NAPAS, standardizing QR payments across 40+ banks. Operator: NAPAS (National Payment Corp. of Vietnam). Est. users: Tens of millions of users (2025).
Viettel Money
Viettel Money (formerly ViettelPay) is the telecom-backed Vietnamese e-wallet and mobile money service under the State Bank of Vietnam. Operator: Viettel Digital Services (Viettel). Est. users: Tens of millions of users (2025).
VNPay
VNPay is a major Vietnamese QR-based payment platform integrated into dozens of bank apps and used at online checkout. Operator: VNPay (VNLIFE). Est. users: Tens of millions of users (2025).
MoMo
MoMo is Vietnam's largest e-wallet with 31M+ users under the State Bank of Vietnam, used for online checkout, bills and public services. Operator: M-Service JSC (MoMo). Est. users: 31 million+ users (2025).
GrabPay
GrabPay is the super-app wallet of Grab, used for online and in-app checkout across the Philippines, Malaysia and Singapore. Operator: Grab Holdings (GPay Network). Est. users: Several million users across SEA (2025).
Featured banks in Vietnam
All banks operating in this market, sorted by prominence.
Maybank
Kuala Lumpur, Malaysia
Maybank is Malaysia's largest bank and one of Southeast Asia's top financial groups, with a strong ASEAN franchise offering retail, SME, corporate, and Islamic banking.
UOB (United Overseas Bank)
Singapore
UOB is Singapore's third-largest bank with a strong pan-Asian network covering ASEAN markets, offering retail, SME, and corporate banking.
Bangkok Bank
Bangkok, Thailand
Bangkok Bank is Thailand's largest bank by assets, offering retail, SME, and corporate banking with a strong regional network across ASEAN.
CIMB Bank
Kuala Lumpur, Malaysia
CIMB Bank is Malaysia's second-largest bank and a leading regional bank across ASEAN, offering retail, SME, corporate, and Islamic banking.
KB Kookmin Bank
Seoul, South Korea
KB Kookmin Bank is South Korea's largest bank, part of KB Financial Group, offering retail, corporate, and investment banking.
Shinhan Bank
Seoul, South Korea
Shinhan Bank is part of Shinhan Financial Group, one of South Korea's leading banks with retail, corporate, and investment banking operations across Asia.
Public Bank Berhad
Kuala Lumpur, Malaysia
Public Bank Berhad is Malaysia's third-largest bank, known for its consistent profitability, retail lending, and SME banking.
Hana Bank
Seoul, South Korea
Hana Bank is part of Hana Financial Group, one of South Korea's top banks, known for its international reach and foreign exchange operations.
Woori Bank
Seoul, South Korea
Woori Bank is one of South Korea's largest banks, offering retail, corporate, and investment banking with a strong presence in Southeast Asia.
CTBC Bank
Taipei, Taiwan
CTBC Bank is Taiwan's largest private bank, known for retail, SME, and corporate banking with a growing pan-Asian footprint.
Vietcombank
Hanoi, Vietnam
Vietcombank (Bank for Foreign Trade of Vietnam) is Vietnam's largest bank by market capitalisation and a leading state-owned commercial bank.
BIDV (Bank for Investment and Development of Vietnam)
Hanoi, Vietnam
BIDV is Vietnam's largest bank by total assets, a state-owned bank focused on infrastructure financing, retail, and corporate banking.
VietinBank
Hanoi, Vietnam
VietinBank (Vietnam Joint Stock Commercial Bank for Industry and Trade) is Vietnam's second-largest state-owned bank by assets.
Bank of Taiwan
Taipei, Taiwan
Bank of Taiwan is Taiwan's largest state-owned bank, acting as the government's fiscal agent and offering retail and corporate banking.
Other Banks — Vietnam
Hanoi, Vietnam
Aggregate of remaining banks in Vietnam, collectively ~62.4% of domestic banking assets.
Explore other countries
Discover payment methods in other countries from Asia
