Global digital payments leader Visa has signed a partnership agreement with Vietnamese technology company NextTech Group to promote the adoption of digital payments among small business owners in the country, according to an announcement.
The three-year partnership will see Visa and NextTech collaborate on a range of initiatives to expand their network of sellers and buyers on social commerce platforms, including creating a convenient and easy-to-use means of making online payments through internet links.
With the agreement, Visa will have a partner that owns 120,000 merchants and 6 million users through its subsidiaries including NganLuong.vn, an online payment gateway; BotBanHang.vn, a chat-bot and social commerce messaging management platform; and PushSale.vn, a mini-ERP platform specially designed for online retailers.
Through this tie-up with Visa, merchants can easily provide buyers with a payment link via Facebook Messenger, SMS or other OTT platforms on any online purchase inquiry. Buyers are then able to complete the payment using their credentials instantly.
NextTech currently is owning 20 digital transformation platforms operating in Vietnam and eight other markets across Southeast Asia and China within four major sectors including eCommerce, fin-tech, e-logistic, and education.
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