VPBank QR Payment – ​​“Effective employee” without salary, without...

VPBank SME has just launched the VPBank QR Payment solution, integrating international and domestic QR standards into a single QR code, helping shop owners, businesses and customers simplify the payment process and improve financial efficiency.

The need to digitize payment activities of stores and businesses

In the context of increasingly popular cashless consumption habits, customers want to choose many different payment methods such as cash, bank transfer, credit card payment... causing many business owners to have a headache finding the optimal solution.

In order to support this customer group to immediately access modern cash flow management methods and the latest digital payment methods, VPBank SME has deployed the VPBank QR Payment solution - a QR code payment method integrating QR standards of Visa, Mastercard, UnionPay and VietQR. With this solution, sellers only need to use a single QR code to accept payments from a variety of customer sources, from bank transfers, e-wallets to credit cards, instead of having to create and manage multiple QR codes corresponding to each different payment source/method from the buyer.

VPBank QR Payment is designed to be flexible, simple and easy to apply, especially suitable for small retail stores, business households or start-up businesses. Sellers only need to print a fixed QR code and stick it at the counter, without investing in specialized payment equipment, purchasing additional POS machines or designing complex technology infrastructure, helping to significantly save initial investment costs.

Integrating multiple international and domestic payment standards into a single QR code helps businesses bring more benefits to customers, such as shortening payment times, eliminating risks related to cash (such as counterfeit money, torn money, shortage of small change)... Especially, in a retail environment with high competition in terms of price and transaction speed, QR Payment method really increases competitive advantage for businesses and improves customer satisfaction.

Increase cash flow management efficiency, catch up with cashless trend

Another outstanding advantage of VPBank QR Payment is the ability to support transparent cash flow management in real time. Specifically, each store or branch will be associated with a separate set of identification parameters, directly linked to the main account of the business or store owner opened at VPBank. This allows business owners or store owners to conveniently monitor the revenue situation of each store/branch.

Furthermore, using a single QR code corresponding to a single account to receive all money from all sources/payment methods helps businesses easily manage cash flow, minimize errors in reconciliation as well as limit the risk of loss. This is also a factor that shows the maximum streamlining process, instead of the usual process where each different QR code requires a different account, making cash flow management and tracking somewhat cumbersome. The optimization in cash flow management of VPBank QR Payment also opens up the possibility of flexible connection with other sales management software systems such as POS, warehouse management or CRM, contributing to the completion of the entire operating process from payment to inventory and customer care.

Safety and security are also absolutely guaranteed in the VPBank QR Payment solution. All transactions have an authentication layer from the bank or payment partner, and money is transferred directly to the owner's account, without going through an intermediary. In addition to the main features, this solution also expands the ability to support marketing campaigns and increase sales such as refunds, points, discounts, etc. through the implementation of dynamic QR codes. Accordingly, stores can easily organize flexible incentive and promotion programs to attract new customers and increase the return of old customers.

Not only a smart payment tool, VPBank QR Payment is also the "key" to help small stores and businesses keep up with modern consumption trends, where cashless payments are gradually becoming a popular spending habit of young consumers.

In addition, in the context that consumers are increasingly equipped with a variety of payment methods such as: QR transfer, physical credit cards, virtual credit cards, smartphone transaction methods (Apple Pay, Samsung Pay ...), VPBank QR Payment also enhances the experience for buyers, expanding the scope of payment when meeting the need to spend by card without using a physical card. Buyers can pay anytime, anywhere with their credit cards - even at points of sale without POS machines by simply scanning the QR code. Transactions are fast, safe, while still ensuring maximum use of cashback and discount programs from the bank when spending by card.

“With VPBank QR Payment, we expect to bring a convenient, economical and modern solution that keeps up with the trend. From there, we will support businesses and small businesses to reduce operating costs and control cash flow more effectively. This is also a strategic step that demonstrates the spirit of accompanying the business community in the digital transformation journey, towards a safe and sustainable cashless financial ecosystem,” shared a representative of VPBank SME.

Customers can proactively create static or dynamic QR codes via the NEOBiz application on mobile phones, or create them from websites and sales applications that have been integrated with VPBank's payment system. In particular, in the initial implementation phase, VPBank SME applies an attractive fee incentive policy for customers who register to use the QR Payment service.

Customers interested in the service can register to use it at VPBank transaction points, contact hotline 1900 234 568 for specific advice or visit https://www.vpbank.com.vn/doanh-nghiep-vua-va-nho/giai-phap-thanh-toan/QRPayment

Source: https://baodaknong.vn/vpbank-qr-payment-nhan-vien-dac-luc-khong-luong-khong-tinh-tien-sai-khong-nham-cong-no-253754.html