TikTok Shop Partners with NAPAS to Expand Digital Payment Services in Vietnam
TikTok Shop has optimized its payment experience in the Vietnamese market by partnering with the national payment company, facilitating access to local mainstream banking payment systems, which aids in increasing local consumer conversion rates.
What are the key facts?
- 1Partner: National Payment Corporation of Vietnam (NAPAS)
- 2Covers 44 banks
- 3Supports NAPAS cards and various digital payment methods
What happened?
TikTok Shop has signed a partnership agreement with the National Payment Corporation of Vietnam (NAPAS) to deploy online payment services. Through the NAPAS digital payment platform, users can pay with cards and accounts from 44 banks, aiming to meet the growing online shopping needs of Vietnamese consumers while enhancing payment security and convenience.
What does this mean for cross-border sellers?
Sellers operating in the Vietnamese market will benefit from a smoother payment process. It is advisable to promptly update the payment settings in the store backend to accommodate the latest channels.