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flag QR code payments in Vietnam soared 150% in value from Jan–Sep 2025, driving the country’s rapid shift to cashless transactions.

flag QR code transactions in Vietnam surged 150.67% in value and 61.63% in volume from January to September 2025, the State Bank of Vietnam reported, making them the fastest-growing digital payment segment. flag Overall non-cash payments rose 43.32% in volume and 24.23% in value, with 95% of basic banking services now conducted digitally. flag The shift reflects a nationwide move toward cashless transactions, supported by digital identity systems, expanding e-wallets, and integration across government, healthcare, and e-commerce sectors.

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