Finextra
Visa, a world leader in digital payments, today brings its cardholders Apple Pay, a safer, secure and private way to pay that helps them avoid handing their payment card to someone else, touching physical buttons or exchanging cash — and uses the power of iPhone to protect every transaction.
Major banks such as Asia Commercial Joint Stock Bank (ACB), Military Commercial Joint Stock Bank (MB), Sacombank, Techcombank, Vietcombank and VPBank are among the card issuers who support Apple Pay at launch.
To use, Visa cardholders from the participating banks simply double click and hold their iPhone or Apple Watch near a payment terminal to make a contactless payment. Every Apple Pay purchase in Vietnam is secure because it is authenticated with Face ID, Touch ID, or device passcode, as well as a transaction-specific, one-time unique dynamic security code. Apple Pay is accepted in grocery stores, pharmacies, taxis, restaurants, coffee shops, retail stores, and many more places.
The launch of Apple Pay marks a significant milestone in the advancement of cashless payments in Vietnam. Customers can now use Apple Pay with their Visa card and experience a seamless and secure payment method, further enhancing the convenience of digital transactions.
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