As transaction volumes grow, their operations expand in scale. Businesses may need not only to collect funds, but also to make payouts, process refunds, pay local partners, settle with merchants or move funds across borders.

Cross-border payments are often viewed through the lens of technology, speed and cost, but the legal and regulatory framework behind each transaction is just as critical.

It’s not just about going global.

Fees and exchange rates have been two of the most important competitive factors in cross-border money transfers. But as the market offers more and more choices, the competition is gradually shifting.

According to the State Bank of Vietnam (SBV), Region 2 Branch, remittance inflows to Ho Chi Minh City reached more than USD 2.032 billion in Q2 2026, up 1.4% from Q1.

The maturity of Vietnam's payment infrastructure has made the country an attractive destination for international businesses seeking expansion opportunities across Southeast Asia.

Over the past decade, QR payments have evolved from an alternative payment method into a core component of digital payment infrastructure across many markets.

9Pay Joint Stock Company has officially established a direct connection with Visa through CyberSource, a global payment processing platform within the Visa ecosystem.