HANOI – The National Payment Corporation of Vietnam (Napas) and South Korea’s BC Card on October 17 signed a cooperation agreement to promote non-cash payments in Vietnam and South Korea.
The partnership is aimed at boosting the development of digital payments in both countries, supporting tourism and improving bilateral connection services amid the post-Covid tourism recovery.
The move is in line with the Vietnamese Tourism Week in South Korea to celebrate the 30th anniversary of the two countries’ diplomatic ties.
Under the deal, Napas and BC Card will foster cashless payments by offering domestic and international debit cards issued by BC Card and Napas chip cards and providing payment services via QR codes using the Napas and BC Card networks.
The two sides will promote cashless payment services in Vietnam and South Korea, apart from strengthening their brands.
In addition, Napas and BC Card will jointly offer Vietnamese tourists guidelines on the use of Napas cards and tourism cards that allow them to easily make payments in South Korea.
Speaking at the signing ceremony, Ha Van Sieu, deputy head of the Vietnam National Administration of Tourism, said this was a convenient tool for Vietnamese and South Korean tourists to make payments and keep up with the rising demand.
He expected the cooperation between Napas and BC Card to facilitate tourism operations.