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Digital payments at Ben Thanh Market match supermarket convenience
๐Ÿ‡ป๐Ÿ‡ณ Vietnam /Economy & Trade

Digital payments at Ben Thanh Market match supermarket convenience

From Tuแป•i Trแบป · () Vietnamese

Translated from Vietnamese, summarized and contextualized by DistantNews.

At a glance

News Sources not specified Context piece
  • Merchants and customers at Ben Thanh Market in Ho Chi Minh City are increasingly using digital payment solutions like QRPay, finding them as convenient as supermarket transactions.
  • Many vendors have adopted QRPay, facilitated by NAPAS, for easier revenue tracking, tax declaration, and to avoid common errors associated with traditional QR code transfers.
  • Digital payment adoption is expanding business opportunities, with KiotViet reporting that about 30% of surveyed vendors already use sales software and are ready for modern payment and sales solutions.

Ben Thanh Market in Ho Chi Minh City is buzzing with a new convenience as digital payment solutions become more common. Shoppers and vendors alike are embracing QRPay, finding it as easy as paying in a supermarket.

Now paying at the market is as convenient as at the supermarket, it's great.

โ€” Ngo Hien DungA customer at the Ngoc Hoa beverage and candy stall in Ben Thanh Market, commenting on the ease of using QRPay.

Customers like Ngo Hien Dung appreciate the ease of scanning a QRPay code, which displays the exact amount, eliminating the errors common with standard QR code transfers. "Now paying at the market is as convenient as at the supermarket, it's great," she said.

Vendors, such as Tran Thi Hong, have been guided by NAPAS staff on using QRPay. She finds the system cost-effective and beneficial for daily revenue tracking, which simplifies tax declarations and reduces errors. "QR code scanning now shows the exact amount to be paid, helping businesses easily track daily revenue, making tax declaration and payment easier and faster, and limiting incorrect declarations and payments," Hong stated.

QR code scanning now shows the exact amount to be paid, helping businesses easily track daily revenue, making tax declaration and payment easier and faster, and limiting incorrect declarations and payments.

โ€” Tran Thi HongA vendor at Ben Thanh Market explaining the benefits of using QRPay for business management and tax compliance.

Ly Dai Lam, owner of the "Cร  Ri Anh Hai" stall, noted that about 70% of his customers prefer cashless payments, with this figure rising to 80-90% among younger customers. He sees QRPay and QRGlobal, introduced during the Digital Finance Day campaign, as crucial for standardizing payment operations. "With QRPay, QRGlobal, introduced by Digital Finance Day in this campaign, is a payment method that meets the requirements of digital payment development, contributing to the standardization of payment operations. Therefore, merchants are and will strongly support it," Lam said.

With QRPay, QRGlobal, introduced by Digital Finance Day in this campaign, is a payment method that meets the requirements of digital payment development, contributing to the standardization of payment operations. Therefore, merchants are and will strongly support it.

โ€” Ly Dai LamOwner of the Cร  Ri Anh Hai stall, discussing the adoption of new digital payment methods at Ben Thanh Market.

KiotViet reported that in late May, they partnered with NAPAS to offer digital payment solutions to Ben Thanh Market vendors. Their consultations revealed that approximately 30% of the nearly 400 surveyed vendors already use sales software, indicating a readiness to adopt modern digital tools. Through direct guidance, vendors experienced NAPAS payment solutions like VietQRPay and VietQR Global integrated into the KiotViet software. "Payment by QR code makes transactions quick and convenient, while also supporting transparent revenue management and meeting tax requirements in the new era," a KiotViet representative emphasized. The VietQR Global solution, in particular, is seen as opening opportunities to serve international customers.

Payment by QR code makes transactions quick and convenient, while also supporting transparent revenue management and meeting tax requirements in the new era.

โ€” KiotViet representativeHighlighting the advantages of QR code payments for vendors using the KiotViet software.
DistantNews Editorial

Originally published by Tuแป•i Trแบป in Vietnamese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.