GLN launches Vietnam-wide QR payments via NAPAS national network

GLN International, a subsidiary of Hana Bank nether Hana Financial Group, has launched a nationwide QR outgo work successful Vietnam successful concern with section outgo processor NAPAS. The motorboat connects GLN straight to Vietnam’s nationalist QR outgo infrastructure.

The inaugural forms portion of Hana Financial Group’s cross-border payments programme. Hana Bank is participating arsenic the lone Korean fiscal instauration designated arsenic a colony bank, pursuing support from the State Bank of Vietnam (SBV).

Vietnam’s nationalist QR outgo rails are based connected the VietQR Global strategy operated by NAPAS. The strategy links banks and merchants nationwide. Through the integration, GLN enables users of spouse banking and fintech applications to wage via the nationalist QR network, widening acceptance for supported apps.

The concern besides includes inbound outgo usage cases. Under this model, Vietnamese users volition beryllium capable to marque QR payments successful Korea done home applications.

GLN said the work is disposable crossed tourer destinations including Da Nang, Phu Quoc, Nha Trang, and Ho Chi Minh City. The institution said it is designed for usage astatine mundane merchants.

Payments tin beryllium made done GLN-connected spouse apps including Toss, PurpleGLN, Hana OneQ, Hana Money, and Hana Card. The institution expects the work to widen to further platforms, including Naver Pay and the KB Banking App.

GLN CEO Seok Lee said: “This motorboat marks a important measurement successful connecting Korea and Vietnam done a unified QR outgo infrastructure. By integrating with Vietnam's nationalist QR network, we alteration a elemental outgo acquisition for travellers utilizing the apps they already usage successful their location market, without currency exchange. We volition proceed to pb overseas payments and currency withdrawals without carnal cards."

GLN provides QR outgo and QR withdrawal services crossed 14 countries successful Asia, including Vietnam, China, Thailand, the Philippines, Laos, and Japan.

The institution besides expanded its overseas QR currency withdrawal work channels crossed Japan, Vietnam, and Laos.

In Japan, travellers tin retreat section currency utilizing QR currency withdrawal done 7 GLN-connected apps—Kakao Pay, Toss, Purple GLN, Hana OneQ, KB Star Banking, Hana Money, and Hana Pay—at Seven Bank ATMs nationwide.

In Vietnam and Laos, travellers tin entree QR currency withdrawal done six GLN-connected apps—Toss, Purple GLN, Hana OneQ, KB Star Banking, Hana Money, and Hana Pay. Withdrawals are disposable via BIDV ATMs successful Vietnam and BCEL ATMs successful Laos.

"GLN launches Vietnam-wide QR payments via NAPAS nationalist network" was primitively created and published by Electronic Payments International, a GlobalData owned brand.