Transform Your Android Phone into a Payment Device
As the owner of a restaurant in Da Nang City, a popular tourist destination, Quoc Khanh (35) shared his challenges: “In recent months, I’ve faced difficulties when foreign customers come to dine and pay. They often use international credit cards, while my establishment only accepts cash, QR code scans, and bank transfers.” He added that he had explored payment methods used by other businesses, but the cost of purchasing or renting POS devices was a major concern.
Owning a grocery store for over a decade, Van Trang (38) from Hanoi still prefers cash transactions. “Many customers have asked me about QR Pay, and even card payments. But when it comes to technology, I tend to forget things easily and I’m hesitant to use it.”
According to data from the State Bank of Vietnam, as of March 2023, the ratio of POS machines in the market was just over 30%, far below the actual demand. Meanwhile, in Vietnam, as of July 2023, the adoption of contactless cards among consumers has grown significantly, reaching 40%. Additionally, the launch of Apple Pay in Vietnam in August 2023 is seen as a harbinger of the burgeoning trend of contactless card payments.
Recognizing the market demand and consumer preferences, VNPAY has proactively developed SoftPOS (Tap to Phone) technology – a solution that turns Android phones running Android 10.0 or later into payment devices, processing contactless card transactions using NFC technology. VNPAY SoftPOS was created with the aim of supporting small and medium-sized businesses and merchants, enabling them to compete effectively with larger brands and chain businesses in the digital age.
Benefits of VNPAY SoftPOS for Merchants
While business owners previously had to make a substantial upfront investment to purchase POS machines, VNPAY SoftPOS now allows small and medium-sized businesses and merchants to save on these expenses.
This is because the VNPAY SoftPOS solution is integrated directly into VNPAY Merchant, a business management and development app for partners offering a wide range of services. After signing up for the SoftPOS solution on this app, merchants can easily use their Android phones as “one-tap” payment devices, accepting various contactless cards such as Visa, Mastercard, JCB, Napas, and supporting Samsung Pay, Google Pay, or Apple Pay.
VNPAY SoftPOS supports payments from various contactless cards. (Photo: VNPAY)
In addition, merchants also benefit from other features on the VNPAY Merchant app, such as QR Pay, Loyalty Programs, Transaction Management, New Services to increase revenue at points of sale (Flight Booking, Hotel Booking, etc.).
Another advantage of using the VNPAY Merchant app is that businesses receive detailed and transparent reporting systems from VNPAY, allowing store owners to easily manage cash flow from different payment methods, track transaction status anytime, anywhere, and develop strategies for their points of sale.
During the initial launch period, VNPAY offers exclusive fee promotions for newly registered SMEs and merchants, including reduced card payment fees starting from just 0.6%, with no additional management charges.
Register for VNPAY SoftPOS directly on the VNPAY Merchant app.
VNPAY SoftPOS not only optimizes investment costs and transaction speed, but also simplifies registration and usage. The solution utilizes advanced technologies such as eKYC (electronic Know Your Customer), facial recognition, handwriting recognition, and document verification to minimize the registration process for merchants in all regions.
In Vietnam, VNPAY SoftPOS is currently the first solution to achieve PCI-CPoC version 1.0 certification according to the Payment Card Industry Security Standards Council (PCI SSC) and EMVCo Level 2 certification (in accordance with Visa, Mastercard, JCB, NAPAS standards). These certifications attest to its high level of security and guarantee the safety of user information.
For more information on VNPAY SoftPOS, please contact us through the following channels:
Hotline: *3388
Email: [email protected]
Website: https://vnpaypos.vn/softpos
Facebook: https://www.facebook.com/VNPAYPOS
