VTC Pay, Vietnam’s largest mobile wallet and payment gateway and DOCOMO Digital, the world’s preeminent mobile commerce enabler are entering a partnership to scale the mobile commerce ecosystem in Vietnam.
VTC Pay’s e-wallet is used by more than three million consumers, a majority in the 18-34 years-demographic, with more than a million transactions recorded daily. An increasingly vibrant economy, Vietnam has been rapidly digitizing and is slated to grow at 6.7%, the fastest rate forecast this year in Southeast Asia or the ASEAN block. Leveraging DOCOMO Digital’s platform which seamlessly connects international merchants and payment providers with a state-of-the-art single-API framework, VTC Pay will further build on its popularity by offering DOCOMO Digital’s partner international merchants to its users in Vietnam.
“As a pioneer in providing e-wallet service – Electronic payment gateway in Vietnam, VTC Pay will definitely not stop improving. Advancing to bring the best experience for users, especially on security and optimization of payment speed”., said Mr. Tran Quang Viet – Director of VTC Pay Electronic Payment Center.
“VTC partnership is a great manifestation of our vision to be the largest integrator of digital or mobile wallets, especially in emerging markets. With this partnership, we can support international merchants looking to expand in Vietnam with the most preferred mode of payment, especially among the young population, the largest segment of consumers for digital content. And VTC Pay can tap into our existing network of international merchants, to be able to offer more choice to its growing customer base.”, said Dheeraj Soni, President of DOCOMO Digital’s Payments business.