Cross-border QR code payment: Shaping new standards in global payments

The world is witnessing a revolution in international payments. At the heart of this transformation is the rapid rise of Global QR code payments  — a trend that is redefining the future of global transactions and setting new international payment standards.

The rise of Cross-border QR code payment

Global QR payments mark a significant leap in the evolution of digital transactions. While traditional QR code payments typically operate within the confines of a single country or payment ecosystem, Global QR code payment expands this reach — enabling travelers or users from one country to make QR code-based payments in another country using their local banking or e-wallet applications.

Vietnam, as a dynamic emerging economy, is actively embracing this cross-border payment trend. Following successful integrations with Thailand, Cambodia, and Laos — facilitating convenient two-way payments for both travelers and businesses — the country is preparing for another milestone. In 2025, Vietnam is expected to complete the integration of its QR code payment system with China, creating a major payment corridor between two vibrant economies.

New standards in Cross-border payments

The emergence of Global QR code payment is not only enhancing cross-border commerce but also establishing new benchmarks for international payment systems — for both individual consumers (B2C) and businesses (B2B):

• Seamless and simplified international payment experiences: From individual travelers shopping abroad to businesses paying overseas partners, barriers are being removed, making transactions more convenient than ever.
• Interconnected global financial systems: Payment platforms are moving beyond fragmented infrastructures, merging into a global network that enables faster and more efficient financial flows.
• Automatic currency conversion with transparent exchange rates: Users and businesses can access real-time rates and execute transactions with automatic currency conversion at the point of payment.
• Enhanced cross-border security and compliance: As transactions become easier, robust and evolving security protocols are critical to maintaining trust and minimizing risk.

To bring these new standards to life, financial institutions and systems must rapidly upgrade their technology infrastructure — a space where fintech companies are playing a pivotal role.

Fintech players leverage technology to capture opportunities in global payments

As a licensed payment intermediary by the State Bank of Vietnam, 9Pay has emerged as a leading force in cross-border payments, offering a diverse range of solutions including e-wallets, payment gateways, and collection/disbursement services. 9Pay partners with international payment intermediaries, remittance providers, and global businesses looking to expand into the Vietnamese market.

Recognizing the shift in global payment standards, 9Pay is focused on building a robust, end-to-end technology platform to solidify its role as a trusted financial bridge between Vietnam and the global economy.

• Real-time payment capabilities: Enabling immediate and efficient transaction processing to ensure smooth, error-free payment flows.
• AI-driven data platform: Leveraging AI to analyze behavior, forecast trends, and personalize services tailored to each partner’s specific needs.
• As Vietnam accelerates its implementation of QR Global, 9Pay is proactively upgrading its infrastructure to integrate this solution by 2025. This strategic move not only expands its service ecosystem but also reflects 9Pay’s long-term commitment to streamlining cross-border payments and enhancing the competitiveness of Vietnamese enterprises in the global market.

With a clear strategy and strong investment in global-ready infrastructure, 9Pay is contributing to the development of an open, intelligent, and globally connected financial ecosystem.

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