Ho Chi Minh City, Vietnam –
Media Outreach Newswire – March 13, 2025 – A global leader visa (NYSE: V) continued in digital payments
A formal sponsor Ho Chi Minh City Metro 1 (Ben Thanh – Suoi Tien) Andique Ceremony. As part of this initiative, visas began a business ““To-Ride” solution at ticket doorsSupport unnutable payments with cards, mobile devices and clothing issued worldwide. In addition, contactless payments are now available in ticket counters and commuters can use the HCMC Metro Hurc application for in-app payments. These accessories will facilitate switching experience, for everyone, including live Ho Chi Minh, including the city, faster and easier for tourists.
Open Loop EMV Tap-to-ride system quickly earns popularity in the world. In a month, the VISA network processed two billion crane-to-walk operations reflecting the 25% annual growth (1). This growth emphasizes a strong consumer choice for this convenient payment method, now the HCMC subway line is more than 1.
“VISA strives to be an important partner in increasing the transit experience of Vietnam,” he said
Ms. Dung Dang, Visa Country Director for Vietnam and Laos. “By presenting the TAP-to-ride technology in the HCMC Metro, we simplify the daily movements by supporting the digital conversion of Vietnam and improve passenger practices. This initiative meets the government’s long-term plans to modernize urban mobility.”
On a global scale, more than 80% of Visa’s face-to-face transactions are carried through a tap-to-payment (3). By the end of February 2025, more than 76% of face-to-face transactions on Vietnamese visa cards were frustrated (4). Contact-free payments will increase travel efficiency that offers significant benefits for both operations and commuters.
Visa begins with extensive global experience in seamless and secure digital payments for Urban Transit Systems “Click on each station. Go to the subway – tap Visa“The initiative. This aims to revolutionize the switching experience and develop the nationality of the nation to modernization of the nation. The nation is ready to change the way to modernize, to change their way to change the travel path, everybody’s traveling way, to move daily, more comfortable, seamless and reliable.
(1) Vizanet data dated October 2022 – Sep 2023.
(2) Visa Central Project Report (CPR).
(3) Visanet October 2022 – Sep 2023. The figure on contactless penetration exceptions the US market.
(4) Visanet data at the end of February 2025.
https://www.visa.com.vn/en_vn/about-visa/newsroom.html
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Hashtag: #Visa # hcmcmetroline1
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