2:49:18 PM | 10/14/2024
Shinhan Bank Vietnam Limited (Shinhan Bank) officially launched cross-border payment service via QR Code in two Southeast Asia markets, including Thailand and Cambodia.
The simultaneous launch of Shinhan Bank's QR Code payment service in Thailand and Cambodia aligns with the guidelines outlined in Document 437/HHNH-PLNV from the Vietnam Banking Association, which emphasizes the acceleration of bilateral retail payments via QR Code among regional countries. Additionally, this initiative supports the cashless payment promotion policy established by Resolution 52/2024/NĐ-CP from the State Bank of Vietnam (SBV). Simultaneously, that also demonstrates efforts of the Bank in the journey of accelerating digital transformation progress. QR Code payment service not only supports customers to save time, but also enhance convenience and safety in transactions. Customers can easily scan QR code via Shinhan SOL application (SOL app) of Shinhan Bank, in order to implement payment transactions at million selling points in Thailand and Cambodia quickly and effectively. Cross-border payment via QR Code brings an optimal convenience for customers when travelling or going business trip. According to the statistics from the SBV, QR Code payment in the first 6 months of 2024 increased by 104.23% in terms of quantity and by 99.57% in terms of value compared to the same period of 2023. Simultaneously, e-payment market in the Southeast Asia has a strong growth with an increasing ratio of smartphone payment usage. Therefore, QR Code payment service is expected to be a popular payment solution in the coming time.
Representative of Shinhan Bank Vietnam, stated: “The deployment of QR Code payment service in Thailand and Cambodia brings to customers one more convenient payment method, promoting cashless payment according to the policy of the Government and the State Bank of Vietnam. The launch of this service not only helps Shinhan Bank widely open its customer network, but also contributes to promote the digital economy in the markets where the Bank is operating”. Shinhan Bank has affirmed its position in the Vietnam’s market not only by providing traditional banking services, but also by applying modern technologies. Until now, the digitalization ratio at Shinhan Bank reached the rate of approximately 90%. Number of digitalized banking services reached over 50% of total banking services. With the pioneering in applying new payment technologies, Shinhan Bank has proved its commitment in bringing secured, convenient financial solutions, which are suitable for the global trend.
Anh Mai (Vietnam Business Forum)
Vietnamese
