Re-opening tourists from China gives a great chance for Vietnamese Tourism to grow up. However, payment is always the problem when we try to lure more travelers from this “billion citizens” country. In this article, let’s FinFan shows you how Chinese Tourists Can Make Payments in VND in Vietnam.
Although the wave of “cashless payments” in a few years has been blown up strongly, the biggest e-wallet company MoMo has had by now only 31 million users (only approximately 1/3 of the Vietnamese population), according to the nearest statistic of this company.
This data demonstrates that Vietnamese citizens still use cash usually in payments. Moreover, one of the specialties of Vietnam is “street food”, which not only Chinese travelers but also others are attracted to, often costs not too much to use other payments like a card or mobile payment.
Noted: You must go to the bank or MoneyGram/Western Union branches in the city/state that you travel to and exchange CNY for VND before using this money in Vietnam.
This payment often be used in grocery chains or restaurants with a signboard at the counter that allows payment Union Pay, when you hold a card in your hand, the cashier will give you a card swipe machine (POS) to scan the card and finish the payment with your signature on your receipt.
Noted: For this payment, you must have an international debit or credit card and it takes some transaction fee to exchange money from CNY to VND.
As mentioned above, for about 5 years, online payment has been growing strongly in Vietnam with the appearance of the e-wallet MoMo and some similar models like Zalo Pay, VNPay, etc. However, until now, only VIMO E-wallet has connected with one of the biggest e-wallets WeChat Pay in China.
In addition to the form of payment by e-wallets, we have some other online payment options for Chinese tourists.
The payment gateways are the alternative solution for the e-wallets when they connect directly to 2 big e-wallets in China.
Here are some payment gateways in Vietnam, which connect directly to Alipay and WeChat Pay: Ngan Luong, One Pay, Bao Kim, etc.
When Chinese travelers scan QR codes, their money will transfer to payment gateways’ bank accounts, then these payment gateways will send this money to the service providers’ bank accounts.
Those are ways to Chinese travelers can make payments in VND in Vietnam. FinFan hopes that with this knowledge, Chinese tourists can have the best experience for the trip to Vietnam