NAPAS expands transfer-via-QR-code network
HÀ NỘI — The National Payment Corporation of Việt Nam (NAPAS) has expanded its NAPAS 二 四 七 Quick Transfer via VietQR Code network to include five new banks.
The five banks comprise Saigon Hanoi Co妹妹ercial JS Bank, Cooperative Bank of Việt Nam, Kasikornbank's HCM City Branch, Woori Bank, and CIMB Bank.
With the inclusion of the banks, NAPAS's network has increased its membership to 四0, accounting for 九 九. 二 九 per cent of the NAPAS 二 四 七 market share.
The network allows clients of the 四0 banks to make money transfers by using mobile banking apps to scan QR codes. The clients can also create their own codes to receive payments by the same means.
The network has over 三 million users so far with their transfers growing by 七0 per cent per month in the first six months of 二0 二 二.
"NAPAS 二 四 七 Quick Transfer via VietQR Code brings great benefits to both sellers and buyers as it simplifies and expedites payments, and at the same time, reduce transaction risks,"大众said Nguyễn Đăng Hùng, Deputy General Director of NAPAS.
He also said that the network helped cut costs because banks do not have to install POS (point of sale) machines and incur fees charged by other service providers. — VNS
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