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Benefits of online payments for businesses

VnExpressVnExpress23/05/2023


The benefits of online payments for businesses will be discussed by experts in a seminar organized by VnExpress and VPBank on June 2.

Ask questions here.

At the seminar "Online payment and benefits for businesses" on VnExpress.net and VnExpress fanpage, representatives of the Department of E-commerce and Digital Economy, Lazada Vietnam will join Mr. Nguyen Quang Huy, Director of Card and Payment Solutions for corporate customers - VPBank and expert Le Duy Binh, CEO of Economica Vietnam to analyze the picture of cashless payments as well as the positive impacts of this form of payment on businesses.

Speakers in the seminar Online Payment and its benefits for businesses.

Speakers at the seminar "Online payment and benefits for businesses".

According to the report on Digital Trends of Users in Cyberspace in 2022 released by Coc Coc, a search engine and browser for Vietnamese people, online shopping and cashless payments are the most prominent consumer trends of Vietnamese people in 2022. Accordingly, up to 47% of Coc Coc users choose to use modern payment methods, including bank transfers, e-wallets, domestic bank cards, and credit cards.

For the domestic market, the role of state management agencies in expanding the influence of this form will be analyzed by representatives of the Department of E-commerce and Digital Economy. From the business perspective, representatives of Lazada Vietnam and VPBank will help readers explain some of the potential of cashless payments as well as the prospects for developing products and services related to this form of payment.

As cashless payments develop in Vietnam, businesses are also forced to shift from traditional payments to online payments. In the second part of the discussion, as a bank with wide coverage, VPBank representatives will assess the benefits and challenges of online payments for businesses. Specifically, online payments can partly help businesses eliminate the risk of counterfeit money, reduce security costs for withdrawing money from banks, transportation, inventory, etc. At the same time, this form of payment also helps businesses increase their customer base and promote sales.

In addition, in the seminar, experts will also discuss together to find solutions to the problem of promoting online payments with customers, especially corporate customers. In addition to the management and orientation role of state agencies, banks including VPBank will also offer products and solution packages specifically for businesses to promote cashless payments.

In The "National Digital Transformation Program to 2025, with a vision to 2030" issued by the Government has a number of goals set out , namely that by 2025, the proportion of the population with electronic payment accounts will be over 50% and increase to 80% by 2030. To achieve this, taking advantage of the benefits of cashless payments for businesses is considered by experts to be an important step to realize this goal.

Readers can follow the discussion "Online payment and benefits for businesses" on June 2 on VnExpress.net and VnExpress fanpage to explain the benefits of cashless payment for businesses. To have experts answer your questions, readers can ask questions here.

Hong Thao



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