Napas launches VietQR trademark, QR code quick money transfer service

The National Payment Corporation of Vietnam (Napas) and 14 first banks of Vietnam on June 15 launched the VietQR trademark and quick online money transfer service – Napas 247 using QR codes.
Napas launches VietQR trademark, QR code quick money transfer service ảnh 1The ceremony to launch VietQR and Napas 247 takes place virutally on June 15 (Photo: VNA)
Hanoi (VNA) – The National Payment Corporation ofVietnam (Napas) and 14 first banks of Vietnam on June 15 launched the VietQRtrademark and quick online money transfer service – Napas 247 using QR codes.
 
The 14 pioneering banks are Vietcombank, VietinBank, BIDV,MB, TPBank, Sacombank, VPBank, VIB, MSB, ACB, SeABank, LienVietPostBank,NamABank, and Ban Viet Bank.

VietQR is a common trademark for payment and money transferusing QR Codes through the Napas network and its member banks as well as paymentmediators and partners inside and outside the country.
Napas launches VietQR trademark, QR code quick money transfer service ảnh 2Transaction is made via VietQR to prevent the spread of COVID-19 (Photo: VNA)
VietQR is designed to QR payment standards of EMV Co. aswell as the State Banks of Vietnam.

Napas Deputy General Director Nguyen Dang Hung said thatVietQR is applied by Napas and the banks to ensure the connectivity and synchronismof the infrastructure system serving QR payment within Vietnam, paving the wayfor the expansion of connections in international payment.

Meanwhile, the Napas 247 service using VietQR allows customers totransfer money from their account to another account at other bank in the Napas network at any time withthe limitation of 500 million VND by scanning the private QR Codes of the receiver.

The individual QR codes contain all necessary informationensuring accurate, quick and safe payment.

Bank account holders can create their own QR code in themobile banking apps of the 14 banks or at website VietQR.net./.
VNA

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