The National Payment Corporation of Vietnam (NAPAS), the national payment switch provider in Vietnam, has selected ACI's UP eCommerce Payments solution to boost growth across Vietnam and the ASEAN region.
NAPAS operates and manages an inter-bank connection system-with nearly 17,200 ATM, 245,000 POS and 97 million domestic cards from 44 domestic commercial banks and foreign lenders in Vietnam.
Additionally, the company delivers eCommerce services to over 200 merchants spanning industries such as airlines, telecommunications, tourism and other electronic payment services.
NAPAS will also leverage ACI's PAY.ON gateway that offers connectivity to over 350 different payment methods, enabling both merchant banks and merchants in the region to offer a branded eCommerce payment service to online and mobile shoppers.
ACI Worldwide vice president and general manager for North Asia and ASEAN Leslie Choo said: “eCommerce and mCommerce growth in Vietnam and across ASEAN has created vast opportunities for innovative merchants throughout the region.
“By leveraging the UP eCommerce Payments solution, NAPAS will be able to deliver branded and secure payment solutions to its bank and merchant customers, enabling the organisation to further capitalise on its ambitious growth strategy."
The UP eCommerce Payments delivers connectivity to over 350 alternative payment methods and card acquirers in over 160 countries. It also offers banks, payment providers, retailers and eCommerce companies a complete solution with quick integration, global connections and high-tech real-time fraud prevention.