This partnership is part of a comprehensive strategy from both companies to address the growing demand for digital payments in Vietnam, a market predicted to be worth $143 billion by 2025. The collaboration of these two prominent platforms is expected to have a positive impact on the digital payment trend and further boost the Vietnamese digital economy.
Considered "pioneers" in Vietnam's emerging digital payment market, Kredivo and OnePay are set to offer seamless BNPL service to 20 million customers within the network. This new, modern, and convenient financing and payment solution features a fast and flexible process with a simple two-click check-out. Moreover, with Kredivo's BNPL solution integrated on OnePay, over 4,000 reputable and leading merchants will be able to leverage Kredivo's smart financial solutions and seamless experience to enhance their business and customer loyalty.
Mr. Dan Nguyen, Country Head of Kredivo Vietnam, said, "We are excited to collaborate with OnePay, one of Vietnam's largest e-payment gateways, to bring a seamless BNPL solution to millions of users in Vietnam. With seven years of experience serving over seven million users in Southeast Asia, Kredivo's BNPL solution has helped Vietnamese merchants grow their businesses and attract potential customers in a cost-effective manner. Many Kredivo merchants have seen their transaction frequency double and their Average Order Value (AOV) increase by up to 30%. We believe that the collaboration between Kredivo and OnePay will add new momentum to the digital payment market by providing fast, affordable, and convenient experiences that increase Vietnamese purchasing power," he shared.
Mr. Dang Thanh Phong - Director of OnePay stated, "OnePay upholds a business philosophy that pivots around customer experience and prioritizing the interests of merchants. We are continuously seeking opportunities to innovate and improve our digital solutions. Via this partnership with Kredivo, we hope to offer a new financing option that optimizes customer experience and business growth for merchants, thereby contributing to the advancement of digital payments in Vietnam."
Kredivo and OnePay have announced the first phase of their partnership by launching a series of attractive promotions, including a 50% discount valued up to 100,000 VND on user’s first transaction and a 5% discount valued up to 500,000 VND on transaction from 700,000 VND, 6- and 12-month installments, applicable to purchases on OnePay’s leading merchants and partners, such as Samsung.vn (a top 10 global technology corporation) and Meta.vn (a top 12 leading e-commerce website in Vietnam). With Kredivo's BNPL service and two-click checkout, users can pay seamlessly and opt to pay later over 30 days or 3 months with interest waived, or over 6 or 12 months with low interest.
