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Wednesday, June 26, 2024

Apple Pay available in Vietnam

The Saigon Times

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HCMC – iPhone and Apple Watch users can use Apple Pay of the U.S. tech giant Apple to make payments, starting from today, August 8.

The Visa International Service Association has supported this groundbreaking payment platform. By integrating the debit/credit cards of partnering banks into the Wallet app on Apple devices, Visa cardholders from banks including ACB, MBBank, Sacombank, Techcombank, Vietcombank, and VPBank can now seamlessly execute contactless payments.

This process involves a simple double-click on the side button, a glance at the device for authentification and holding their the device near a payment terminal. If customers use an iPhone with Touch ID, just double-click the Home button, then rest their finger on it to authenticate. Or depending on their settings, they can also use their Passcode.

Each transaction is fortified with security features, including authentication methods like Face ID, Touch ID, or a device passcode, along with a transaction-specific, one-time unique dynamic security code.

The service spans across multiple establishments, encompassing grocery stores, pharmacies, taxis, restaurants, coffee shops, and a diverse array of retail outlets.

Dung Dang, Visa Country Manager for Vietnam and Laos, expressed confidence in the swift adoption of Apple Pay. “Given the surging popularity of mobile contactless payments in Vietnam, we are confident that consumers will eagerly embrace the convenience and enhanced security that Apple Pay provides,” she said.

Apple Pay’s inception in the U.S. back in October 2014 was a pivotal moment that reshaped the global payment landscape, courtesy of its utilization of near-field communication technology. This transformative service enables users to execute transactions by merely placing their devices near payment terminals.

The widespread success of Apple Pay can be attributed to its seamless functionality and cost-free transactions, made possible through strategic partnerships with banks.

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