VNPAY partners up with Vietjet to deploy QR payment

The new QR payment method will make booking far simpler for Vietjet customers

Under the deal, Vietjet’s passengers could implement QR payments for ticket booking both online at http://www.vietjetair.com and at its official ticket office system nationwide.

After successfully booking their tickets, customers will be able to use the QR code to pay without entering bank account or card information. The payment takes only a few seconds.

Currently, QR payment is available on the mobile banking apps of 18 big banks in Vietnam, including BIDV, Vietcombank, VietinBank, SCB, SHB, Maritime Bank, VIB, VPBank, and TPBank.

QR payments have become a new trend, gaining wide popularity among banks and big companies to offer a quick, easy, and safe payment channel to customers.

The biggest advantage of QR Pay is that the payment would be implemented without cash or bank cards. Customers could buy Vietjet tickets anywhere and anytime with a few taps on their mobile phones. Customers could avoid the risks of leaking information as they do not need to provide their bank account information.

QR payment would help customers save time while ensuring safety.

Last year saw the strong development of the Vietnamese aviation sector with the total revenue reaching VND121 trillion ($5.3 billion) and 46.39 million passengers.

According to the International Air Transport Association (IATA), Vietnam is among the five countries with the most rapid growth of passenger travel by airway in the world, together with China, the US, Indonesia, and India.

The IATA expects that the average growth rate of the Vietnamese aviation sector will be 14 per cent in the next five years, reaching 150 million passengers by 2035.

Local airlines have been continuously improving their services to fully exploit the market’s potential. Applying technologies to improve services in the Fourth Industrial Revolution has been a vital development for all sectors, including aviation. VietJet has also caught up with the trend.

“With the development of new flights and our fleet, Vietjet has developed additional payment methods that are more technological and convenient to meet the rapidly-changing demands of modern customers,” said Nguyen Bac Toan, Vietjet’s deputy director of Commercial Department.

In Vietnam, VNPAY-QR developed by VNPAY Company is the first and only payment gate that integrates QR code payment to mobile banking apps in Vietnam.

Major airlines, such as Vietnam Airlines and Vietjet, recently entered into co-operation with VNPAY to deploy QR payment capabilities, showing the attraction and potential popularity of this payment solution in the near future.

Currently, QR payment has spread to all areas of life from food, shopping, and entertainment to travel. More than 20,000 shops accept VNPAY-QR payment nationwide. This number is expected to increase to 50,000 by the end of 2018.