VietQR Global by 9Pay: Connecting Vietnam's Commerce with the APAC Region

The rapid growth of the digital economy in 2026 has transformed cashless payments from a domestic payment method into an essential infrastructure connecting global economies. In this context, the Asia-Pacific (APAC) region is witnessing a true revolution known as cross-border QR Code payments.

1. Barriers of traditional international payment methods

For decades, the flow of funds between businesses and international travelers has relied heavily on traditional interbank transfer systems (such as SWIFT) or international credit card networks. However, by 2026, these conventional payment methods have begun to reveal significant limitations that hinder the pace of modern commerce:

High foreign exchange conversion costs: Businesses and end users are burdened with multiple currency conversion fees and hidden charges imposed by intermediary payment providers.

Lengthy settlement and reconciliation processes: International bank transfers typically require two to three business days to complete, slowing cash flow and reducing liquidity for B2B enterprises.

Complex onboarding procedures: Opening international payment accounts involves rigorous legal and compliance requirements, making them unsuitable for the fast-paced operations of cross-border e-commerce platforms and retail service industries.

These challenges have created an urgent demand for a secure, real-time payment solution capable of directly connecting domestic banking applications and digital wallets across different countries.

2. VietQR Global by 9Pay: A Solution to Flatten APAC Payment Flows

To eliminate bottlenecks in international payment flows, 9Pay has officially launched VietQR Global. It is an intelligent payment network that serves as a bridge connecting Vietnam's digital financial ecosystem with major economic corridors across the APAC region.

2.1. East Asia: China, South Korea, and Hong Kong

China and South Korea are among the world's leading countries in QR Code-based mobile payment adoption, with payment methods such as Alipay, WeChat Pay, and Kakao Pay widely used by consumers. Through 9Pay's VietQR Global infrastructure, Vietnamese businesses - including retail chains, tourism and hospitality providers, as well as B2B import-export companies - can seamlessly accept payments from these popular payment platforms.

Tourists and business partners from China, South Korea, and Hong Kong can simply use their familiar banking applications or digital wallets to scan a VietQR Global code while in Vietnam. Transactions are processed across borders, with funds converted and settled directly into Vietnamese businesses' bank accounts in VND in real time.

2.2. Southeast Asia and South Asia: Singapore, Thailand, Laos, Cambodia, and India

In addition, VietQR Global continues to expand its connectivity with markets such as Singapore, Thailand, Laos, Cambodia, and India. As a result, tourists and business partners from these countries can conveniently use their domestic banking applications or digital wallets to make QR Code payments at VietQR Global acceptance points throughout Vietnam.

Powered by intelligent transaction routing and high-concurrency processing capabilities, the system enables fast transaction processing while delivering a stable and seamless payment experience for both businesses and international customers.

3. Macro Benefits for Key Economic Sectors

The VietQR Global payment solution is more than just an alternative payment method—it serves as an economic catalyst that creates significant value for businesses.

3.1. Driving Growth in Tourism, Hospitality, and Retail

VietQR Global eliminates the inconvenience and concerns associated with carrying cash or losing payment cards for international visitors. By offering a payment experience similar to what travelers enjoy in their home countries, the solution is expected to significantly increase average spending by visitors from South Korea, China, Singapore, Thailand, and other markets at Vietnamese merchants, ultimately driving higher revenue for payment acceptance businesses.

3.2. Optimizing Cash Flow for Import-Export Enterprises

In addition, 9Pay's All-in-one Payment Solution, which was honored with the Sao Khue Award 2026 (the highest recognition for technology enterprises in Vietnam) enables cross-border businesses to receive payments more quickly, eliminating delays in capital circulation.

The system also automates reconciliation and centralizes cash flow management through a single dashboard, helping accounting teams reduce manual reconciliation time by up to 50%.

4. A Forward-Looking Vision with Global Security Standards

One of the key factors that positions 9Pay as a leading player in Vietnam's digital financial infrastructure is its unwavering commitment to security.

The VietQR Global infrastructure operates on a technology platform certified with the highest international security standards, including PCI DSS Level 1 and ISO 27001. All cross-border transaction data is protected through end-to-end encryption, while 9Pay's AI-powered Anti-Fraud system continuously detects and prevents financial risks in real time.

9Pay's ongoing investment in research and the adoption of forward-looking technologies- including initiatives such as the Stablecoin-to-Fiat Sandbox mechanism - further demonstrates the company's long-term vision as a member of the Da Nang International Financial Center (IFC). These efforts ensure that the necessary payment infrastructure is in place for a fully connected digital economy in the near future.

The VietQR Global payment solution from 9Pay not only strengthens the competitiveness of Vietnamese businesses but also reinforces Vietnam's position in the APAC fintech landscape. Integrating 9Pay's solution today represents a strategic investment that enables businesses to stay ahead of the next wave of global growth.

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