VNPAY and Viettel Store launch "All-in-one" VNPAY-POS payment solution

November 19, 2021 | 08:49
VNPAY-POS will be applied by 332 Viettel Stores after Vietnam Payment Solution JSC (VNPAY) and Viettel Store signed the strategic cooperation on November 18.
VNPAY-POS  vIETTEL
Le Tanh, general director of VNPAY and Dinh Thi Dung, director of Viettel Store, signed a cooperation agreement

Speaking at the signing ceremony, general director of VNPAY Le Tanh shared: “During the service development journey, VNPAY constantly innovates and applies the most modern technologies to meet the increasing needs of enterprises as well as users. Through the cooperation between VNPAY and Viettel Store, we bring a new form of payment that is safer and more convenient for businesses, while helping them optimise costs and increase revenue. We hope that dynamic businesses in applying new technologies like Viettel Store will contribute to economic development and shorten the gap towards a "cashless society" in Vietnam".

VNPAY-POS, developed by VNPAY, is a comprehensive solution integrated into one Smart POS device with outstanding features: wireless connection to the merchant’s system, order placement, payment, invoice printing. This single device meets all modern payment needs, facilitates enterprises in the process of operation, cost optimisation and revenue growth.

VNPAY-POS accepts many types of cashless payments including bank cards (magnetic cards, chip cards, and contactless cards), VNPAY-QR payment which is accepted by using more than 30 of the most popular mobile banking apps and nine e-wallets. Therefore, consumers can make payments more securely, quickly, and more conveniently.

Equipped with Secure Android firmware, the device not only boasts a large multitouch screen display but is also easily connected with Bluetooth, WiFi, 4G, NFC, and features a camera to scan barcodes, allowing consumers to make payments with absolute ease. Thanks to that, merchants can optimise the management of sales and operation as well as reduce time, cost, and human resources needs.

VNPAY-POS  vIETTEL
Cashiers at Viettel Store use VNPAY-POS solution.

Besides applying many advanced technologies, VNPAY-POS also fully meets the standards of the International Card Scheme. VNPAY-POS can be tailor-made with the scale and specific industry requirements such as building separate systems and management software to help businesses operate more efficiently. The solution also provides many outstanding features to help enterprises develop and manage business effectively. The function of synchronising payment information between the ERP system (business administration) of Viettel Store and Smart POS helps to reduce time and cost of business operation while limiting errors during the data processing process.

Accoding to Dinh Thi Dung, director of Viettel Store, VNPAY-POS not only helps to put Viettel Store’s customers at ease when paying, invoicing, and checking their transaction history, it will also be used to deploy new features to cater to customers’ needs such as installment payments via credit card and deposit transaction management, improving shopping experience as well as increasing sales at Viettel Store.

"The cooperation between Viettel Store and VNPAY is necessary to bring a safe, cashless payment method into our business model. With the implementation of VNPAY-POS solution, Viettel Store aims to apply the latest payment technologies into the operation process, bringing the most convenient and complete payment and shopping experiences to customers," Dung said.

Viettel Store is a dynamic retail chain with more than 300 shops across the country. It is an enterprise pioneering the application of technology to improve service quality and customer experience. VNPAY is the leading provider of electronic payment solutions in Vietnam.

This cooperation will help the two sides maximise their advantages and make it easier for customers to access modern payment methods, thereby contributing to cashless payments in all regions.

VNPAY is a leading company in the field of electronic payment in Vietnam. With core business areas in finance-banking and ICT, VNPAY provides payment services and solutions to thousands of domestic and international enterprises. VNPAY is currently cooperating and providing mobile banking services for more than 40 banks with a diverse utility ecosystem to meet all personal financial needs.

VNPAY is one of the first enterprises to have launched a variety of modern and convenient payment solutions, including QR-code payments. VNPAY has been known as one of the pioneering businesses rolling out the state-of-the-art VNPAY-QR code payment solution that is integrated into mobile banking apps to provide a QR Pay function. VNPAY-QR was honoured with the Vietnam National Brand in 2020. VNPAY-QR payment has been deployed widely in many different sectors such as retail, fashion, entertainment, electronics, hospitals, and education with nearly 150,000 merchants countrywide.

VNPAY is also the provider of many services such as VNPAY-POS, VNPAY e-Wallet, VnShop, VnTopup, VnTicket, and SMS Banking bringing seamless customer payment and shopping experience.

By Thai An

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional