IDEMIA Secure Transactions (IST) has partnered with the National Payment Corporation of Vietnam (NAPAS) to help expand the country’s digital payments infrastructure.
Through the partnership, NAPAS will integrate IST’s tokenisation technology into its domestic payment network, which connects over 40 banks.
The move supports Vietnam’s growing demand for digital and contactless payments, particularly among younger, tech-savvy users.
IST’s Token Platform replaces sensitive card details with secure tokens, which can be used for transactions across various channels—including mobile NFC, in-app purchases, and remote payments—without exposing the actual card number.
The platform connects with token requestors such as merchants and global digital wallets via APIs, making it easier for issuers to roll out secure, user-friendly payment experiences.
Vietnamese consumers will soon be able to make in-store payments using their bank’s mobile wallets on Android smartphones, or through Apple Pay on iOS devices.
E-commerce purchases via in-app payments will also be supported, offering an alternative to cash or QR code-based transactions.
This collaboration builds on earlier efforts between IST and NAPAS, such as enabling tap-to-pay features through Host Card Emulation (HCE) wallet solutions.
“This week marks another great achievement in our partnership with IDEMIA Secure Transactions, which began by enabling seamless tap-to-pay experiences through bank applications powered by HCE wallet solutions.
We are excited about the journey ahead as we continue to expand global wallet access and introduce other innovations together, shaping the future of digital payments across the region.”
said Nguyen Thanh Tung, Head of Payment Technology Department at NAPAS.
“With QR code payments being commonplace in Vietnam for years now, the community views mobile contactless payments as an innovative evolution paving the way for a more cashless economy.
Most importantly, our partnership with NAPAS marks a significant milestone in our commitment to supporting the government’s vision of realizing its non-cash payment goals in 2025.”
said Isaac Lee, Regional Vice President and Head of Digital for Asia Pacific at IDEMIA Secure Transactions.
Featured image credit: Edited from Freepik
