SACOMBANK Connects VIETQRGlobal Payments with South Korea, Boosting Digital Transactions

SACOMBANK continues to solidify its position as a leader in digital finance by forging new international payment pathways. Following the successful integration with China, the bank's latest move to connect VIETQRGlobal with South Korea underscores its commitment to expanding the digital payment ecosystem across East Asia.

This expansion is not just about convenience for tourists; it's a strategic play to enhance Vietnam's attractiveness to international visitors. By enabling South Korean travelers to use familiar payment methods like the Purple GLN app, SACOMBANK is removing a significant barrier to spending, ensuring that foreign currency exchange hassles are a thing of the past. This directly benefits local businesses, from bustling shopping centers to serene tourist spots, by facilitating instant payments and potentially increasing sales.

The 'Vietnam inbound' functionality, allowing South Korean visitors to pay easily in Vietnam, is a crucial first step. SACOMBANK, in collaboration with NAPAS, is already planning the 'Vietnam outbound' functionality for 2026. This will empower SACOMBANK NAPAS cardholders to make QR payments in China and South Korea, further integrating Vietnam into the regional digital economy. This forward-thinking approach, aiming to connect with markets like Singapore and India next, positions SACOMBANK as a key player in driving cashless transactions and fostering economic ties.

From Vietnam's perspective, this initiative is more than just a banking service; it's a vital component of the national strategy to boost tourism and modernize the economy. By embracing digital payment solutions like VIETQRGlobal, Vietnam signals its readiness for international business and tourism, creating a more welcoming and efficient environment for global visitors. SACOMBANK's proactive role in this digital transformation is a source of national pride, showcasing Vietnamese innovation on the international stage.

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Currently, we have connected VIETQRGlobal payment in both directions with Thailand, Laos, and Cambodia. Continuing the development roadmap, in 2026, SACOMBANK and NAPAS will complete the 'Vietnam outbound' connection with China and South Korea, allowing SACOMBANK NAPAS cardholders to integrate cards into SACOMBANK PAY to scan QR codes for payment at affiliated units in these two countries, while continuing to research expansion into many other potential markets inside and outside the region such as Singapore, India…