Lê Tánh, General Director of VNPAY and Đinh Thị Dung, Director of Viettel Store presenting the strategic co-operation agreement. — Photo courtesy of VNPAY

HÀ NỘI — VNPAY and Viettel on Thursday signed a strategic co-operation agreement to deploy and operate the VNPAY-POS solution at 332 Viettel stores.

This cooperation will help the two sides maximise their advantages and make it easier for customers to access modern payment methods, thereby contributing to cashless payments in all regions.

VNPAY-POS would help put Viettel Store customers at ease in the payment processes, invoice printing and transaction history lookup. In the near future, VNPAY will also deploy new features to cater to customer needs such as instalment payments via credit card and deposit transactions management, helping Viettel Store provide a better customers experience as well as increase sales.

Speaking at the signing ceremony, Đinh Thị Dung, Director of Viettel Store said: "In the complicated COVID-19 context, the wave of digital transformation in businesses is stronger than ever. Cooperation between Viettel Store and VNPAY is necessary to bring a safe, cashless payment method into our business model. With the implementation of the VNPAY-POS solution, Viettel Store aims to apply the latest payment technologies into the operation process, bringing the most convenient and complete payment and shopping experiences to customers.

Lê Tánh, General Director of VNPAY said: “During the service development journey, VNPAY constantly innovates and applies the most modern technologies to meet the increasing needs of enterprises as well as users. Through the cooperation between VNPAY and Viettel Store, we bring a new form of payment that is safer and more convenient for businesses, while helping them optimise costs and increase revenue. We hope that dynamic businesses in applying new technologies like Viettel Store will contribute to economic development and shorten the gap towards a 'cashless society' in Việt Nam.”

VNPAY-POS, developed by VNPAY, is a comprehensive solution integrated into one Smart POS device with outstanding features; wireless connections to merchant’s system, orders placing, payment and invoice printing. This single device meets all modern payment needs, facilitating enterprises in the process of operation, cost optimisation and revenue growth.

VNPAY-POS accepts many types of cashless payment including bank-card payment (magnetic cards, chip cards, and contactless cards) and VNPAY-QR payment which is accepted by using more than 30 most popular mobile banking apps and 9 e-wallets. Consumers can make payments more securely, quickly, and conveniently.

Equipped with Secure Android firmware, the device not only boasts a large multitouch screen display but is also easily connected with Bluetooth, WiFi, 4G, NFC, and features a camera to scan barcodes, putting consumers to make payment at absolute ease. This allows merchants to optimise the management of sales and operation as well as reduce time, cost, and human resources.

The solution also provides many outstanding features to help enterprises develop and manage business effectively. The function of synchronising payment information between the ERP systems (business administration) of Viettel Store and Smart POS helps to reduce the time and cost of business operations, while limiting errors during data processing.

Besides applying many advanced technologies, VNPAY-POS also fully meets the standards of the International Card Scheme. VNPAY-POS can be tailor-made to specific industry requirements, such as building separate systems and management software to help businesses operate more efficiently.

Viettel Store is a dynamic retail chain with more than 300 shops across the country, an enterprise pioneering in the application of technology to improve service quality and customer experience. VNPAY is the leading provider of electronic payment solutions in Việt Nam. VNS