Vietnamese market experiences upgraded framework from 9Pay
In the bustling landscape of Vietnamese fintech, 9Pay stands out as a beacon for foreign businesses seeking seamless payment and international money transfer solutions. Founded in 2018 and licensed by the State Bank of Vietnam in 2020, 9Pay has been making waves in the industry.
As a fintech company, 9Pay offers a suite of solutions designed to cater to the unique needs of international businesses operating in Vietnam. These solutions include a payment gateway, a legal-compliant collection and disbursement service, and a cross-border remittance solution known as 9Remit.
The payment gateway supports various local Vietnamese payment methods such as bank transfers, QR codes, e-wallets, and domestic debit cards. By integrating via a single API, 9Pay ensures quick go-live and reduces engineering overhead for merchants.
To ensure compliance with local laws, 9Pay provides a legal-compliant collection and disbursement service. This service is particularly beneficial for foreign businesses without a registered legal entity in Vietnam, helping them navigate the fragmented payment systems while adhering to Vietnamese regulations.
9Pay's extensive network reaches over 50 local financial institutions and supports major card networks like Visa, MasterCard, JCB, and UnionPay. This broad compatibility ensures that foreign businesses can accept payments from a wide range of sources.
Recognising the significance of compliance in Vietnam’s rapidly expanding market, 9Pay's CEO, Nguyễn Quang Thịnh, stated that the company aims to make financial navigation easier for international businesses in Vietnam. To further this goal, 9Pay has partnered with remittance provider Ria Money Transfer, becoming Ria's official payout partner in Vietnam.
9Remit, the cross-border remittance solution, enables same-day settlement money transfers with competitive exchange rates and full transparency. It has also been designed to comply with anti-money laundering regulations and Know Your Customer standards.
In addition to its payment solutions, 9Pay offers dashboard tools for real-time transaction tracking, reporting, and reconciliation. This transparency and control over financial flows are particularly valuable for foreign businesses operating in Vietnam.
9Pay's infrastructure is certified to PCI DSS Level 1, the highest global security standard for payment systems. This certification underscores the company's commitment to maintaining the highest levels of security for its clients.
As of mid-2025, 9Pay served over 1,000 international clients primarily from South Korea, Singapore, Hong Kong, mainland China, and the European Union. In 2023, 9Pay was named one of Vietnam's Top 10 Outstanding Brands and received regional recognition in the ASEAN Digital Awards for its fintech innovation.
Looking ahead, 9Pay forecasts double-digit growth in foreign business clients over the next 12-18 months. With its comprehensive suite of solutions, robust infrastructure, and commitment to compliance, 9Pay is well-positioned to continue simplifying financial navigation for international businesses in Vietnam.
- Recognizing the importance of compliance in the rapidly expanding Vietnamese market, 9Pay's CEO, Nguyẽn Quang Thịnh, stated that the company aims to make financial navigation easier for international businesses in Vietnam.
- To further this goal, 9Pay has partnered with remittance provider Ria Money Transfer, becoming Ria's official payout partner in Vietnam.
- By integrating via a single API, 9Pay ensures quick go-live and reduces engineering overhead for merchants, offering a payment gateway that supports various local Vietnamese payment methods such as bank transfers, QR codes, e-wallets, and domestic debit cards.
- In addition to its payment solutions, 9Pay offers dashboard tools for real-time transaction tracking, reporting, and reconciliation, providing transparency and control over financial flows for foreign businesses operating in Vietnam.
- As of mid-2025, 9Pay served over 1,000 international clients primarily from South Korea, Singapore, Hong Kong, mainland China, and the European Union, forecasting double-digit growth in foreign business clients over the next 12-18 months.
