Vietnam Payments Market is Segmented by Mode of Payment (Point of Sale (Card Payments, Digital Wallet, Cash), Online Sale (Card Payments, Digital Wallet)) and by End-User Industries (Retail, Entertainment, Healthcare, Hospitality). The Market Sizes and Forecasts are Provided in Terms of Value (USD).

The Vietnam Cards and Payments Market size is USD 36.3 billion in 2023, showcasing market outlook, trends, and key players. Explore insights on market segmentation, CAGR forecast, and growth opportunities.

As of the third quarter of 2024, there were around *** million domestic bank cards and ** million international bank cards in circulation in Vietnam, indicating an increase from the previous quarters of the year. Previously one of the most cash-dependent countries in Southeast Asia, Vietnam has seen substantial growth in cashless payment usage among its population in recent years.

Gain a competitive edge with comprehensive insights on the China, Vietnam, Philippines, Indonesia, Japan, Cards Payment Market—covering demand trends, technological advances, and forecasts till 2032. MarkNtel Advisors.

Discover the booming Vietnam digital payments market! This report analyzes the $43.30 million (2025) industry, projecting a 9.84% CAGR through 2033. Learn about key players like MoMo and ZaloPay, market drivers, trends, and challenges. Explore growth opportunities in proximity and remote payments. Recent developments include: May 2024 - Visa has partnered with MoMo, VNPAY, and ZaloPay, driving digital payment options in Vietnam. The primary goal of this alliance is to streamline payments for Visa cardholders, especially at small and medium enterprises (SMEs). Through this collaboration, Visa users can directly tap into their Visa cards for purchases at merchants who already accept payments through the QR codes of these three e-wallets. This move is poised to boost sales for SMEs and widen their customer reach, elevating the overall customer experience., May 2024 - Vietnam's PVcomBank has unveiled its mobile banking application, PVConnect, developed in collaboration with Temenos Digital and hosted on Amazon Web Services (AWS). The app, according to Temenos, boasts a contemporary and intuitive design, offering a suite of services including electronic ID verification, bill management, fund transfers, payments, and a rewards program.. Key drivers for this market are: Increasing Internet Penetration and Growing M-commerce Market, Increasing Number of Loyality Benefits in Mobile Environment. Potential restraints include: Increasing Internet Penetration and Growing M-commerce Market, Increasing Number of Loyality Benefits in Mobile Environment. Notable trends are: Increased Mobile Penetration Drives the Market in the Country.

GlobalData’s "Payments Landscape in Vietnam: Opportunities and Risks to 2022", report provides detailed analysis of market trends in the Vietnamese cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including payment cards, credit transfers, direct debit, and cheques during the review-period (2014-18e). Read More

Japan PMU: Vietnam: Credit Cards data was reported at 18.000 Person in Mar 2018. This records an increase from the previous number of 5.000 Person for Dec 2017. Japan PMU: Vietnam: Credit Cards data is updated quarterly, averaging 6.000 Person from Mar 2014 (Median) to Mar 2018, with 17 observations. The data reached an all-time high of 18.000 Person in Mar 2018 and a record low of 0.000 Person in Mar 2015. Japan PMU: Vietnam: Credit Cards data remains active status in CEIC and is reported by Ministry of Land, Infrastructure, Transport and Tourism. The data is categorized under Global Database’s Japan – Table JP.Q022: Tourism and Leisure: Characteristics of Visitors and Trips: Payment Methods Used.

Over the last two observations, the number of users is forecast to significantly increase in all segments. The trend observed from 2017 to 2027 remains consistent throughout the entire forecast period. There is a continuous increase in the indicator across all segments. Notably, the Digital Commerce segment achieves the highest value of ***** million users at 2027. Find other insights concerning similar markets and segments, such as a comparison of number of campaigns in Russia and a comparison of average revenue per user (ARPU) in Vietnam. The Statista Market Insights cover a broad range of additional markets.

In 2023, the number of active e-wallet users in Vietnam reached around **** million people, out of over ** million activated accounts. Vietnam's fintech sector has been accelerating fast in recent years, reflected in the consistent growth of the country’s digital payment segment. The state of contactless payments in Vietnam Thanks to the high penetration rate of smartphones, the increasing numbers of internet users, and the growing e-commerce sector in the country, Vietnam has embraced the convenience and efficiency of digital payments. According to a 2023 survey conducted by VISA, around half of Vietnamese respondents confirmed having used mobile contactless payments. Moreover, the Vietnamese government has been actively encouraging cashless transactions as part of its digital economy transition strategy. In the third quarter of 2024, the value of domestic cashless transactions in Vietnam reached over ** quadrillion Vietnamese dong, with credit transfer being the leading payment type. QR code and BNPL payments on the rise Although mobile wallets are still the most popular online payment method, QR code payment is becoming more common among consumers in Vietnam. This smart payment trend allows consumers to conduct payments via scanning a QR code using their smartphones, eliminating the need for physical cash or cards. In 2022 and 2023, the share of Vietnamese consumers who said they used QR codes for payments saw a noticeable surge compared to the previous year. This payment method is widely adopted in supermarkets, retail stores, as well as local markets. Another emerging trend in the Vietnamese digital payment landscape is Buy Now Pay Later (BNPL). Particularly favored by the younger generation, this new payment method offers consumers the flexibility to purchase different types of goods and services immediately and pay in installments within a time period. The rise of QR codes and BNPL payment methods marks the country’s shift towards a more dynamic digital and cashless economy in the future.

Vietnam Online Travel Market Report is Segmented by Booking Type (Air Ticketing, Hotels and Packages, and More), by Platform (Desktop, Mobile), by Traveler Origin (Domestic Travelers, International Travelers), by Payment Method (Digital Wallets, Cards, and More), and by Geography (Northern Vietnam, Central Vietnam, and More). The Market Forecasts are Provided in Terms of Value (USD).

In 2022, the Vietnam's e-commerce market value based on B2C revenue amounted to approximately **** billion U.S. dollars, accounting for approximately *** percent of the total retail sales of goods and services in the country that year. It was forecasted that the revenue of this segment would exceed ** billion U.S. dollars by 2023. Key figures of e-commerce in Vietnam According to a survey conducted in 2022, over ** percent of internet users in Vietnam reported having purchased a product or service online. The number of online shoppers in the country has been growing steadily in recent years, reaching over **** million people in 2022. Alongside an increasing number of e-commerce users, the e-commerce sector has been recording fast growth in consumer expenditure across all product categories, from consumer goods to digital media, and online travel. Digital payment in e-commerce Parallel to the emergence of e-commerce, the digital payment sector in Vietnam has been expanding rapidly in the last couple of years. In 2022, the most popular usage of digital payments among people in the country was to pay for online purchases. Although cash is still the preferred method for e-commerce shopping, the popularity of this payment option has been decreasing in recent years. On the other hand, more and more consumers have turned to online payment methods, such as e-wallets and cards, which are expected to be the future go-to payment choice for e-commerce users in Vietnam.