Visa – the world’s leader in digital payments – and Vietnam National Petroleum Group (Petrolimex) announced the rollout of Visa contactless payments at its petrol stations across the country on May 31.
|Petrolimex rolls out Visa contactless payments |
Petrolimex first started accepting Visa card payments last year and the addition of contactless payment acceptance will provide a faster, more secure payment experience for consumers while reducing checkout queues and increasing operational efficiency.
Dang Tuyet Dung, Visa country manager for Vietnam and Laos said that “Contactless payments allow motorists to refuel and be back on the road with a single tap. This will make queues shorter, service faster, and keep consumers and their transactions safe. We look forward to introducing further payment innovations in partnership with Petrolimex to enhance the lives of Vietnamese people.”
Petrolimex has installed contactless-enabled POS terminals at retail petrol stations nationwide, enabling customers to pay with a single tap of their Visa cards. The newly deployed POS device meets all fire safety regulations, integrates with the pump, and connects wirelessly to serve customers paying right at the pump.
In a contactless transaction, the card never leaves the customer’s hands, helping to prevent fraud while also keeping customers and petrol station employees safer amidst the pandemic.
Luu Van Tuyen, deputy general director and head of Petrolimex's cashless payment project added, “The application of cashless payment solutions in petrol stations across the country is part of the strategy to build Vietnam National Petroleum Group into a leading enterprise in digital transformation."
"This strategy is based on intelligent, safe, and innovative technology to optimise quality and consolidate the trust and satisfaction of customers. At the same time, it will provide further momentum for the digital transformation process at Petrolimex. Up to now, the company has completed the installation of POS terminals at all automated petrol stations across the country,” Tuyen stated.
Vietnam is well on its way to embracing contactless payments as almost half of the local consumers use this payment method – according to Visa’s Consumer Payment Attitudes 2021 study.
In addition, 60 per cent of contactless card users have increased their use since the pandemic, while one-third of Vietnamese consumers foresee going cashless for petrol purchases in the future.
Dung concluded, “Our team at Visa is constantly looking to increase convenience and efficiency in the payment journey. By facilitating contactless payments at petrol stations across Vietnam, we are transforming one of the most ordinary activities in everyday life. This is how we are setting the groundwork for Vietnam’s digital transformation by starting with small, ticket-size transactions and everyday spending.”