Switch from “swipe” to “touch” – MB pioneers in the race of payment speed

Impressive growth of cashless payments

Cashless payment is increasingly popular in Vietnam. According to statistics of the State Bank, in 2022, non-cash payment witnessed a growth rate of nearly double compared to the previous year. In the first 11 months of the year, transactions via e-wallets, apps and bank cards increased by 85% in volume and 31% in value. According to Napas, the proportion of cash withdrawal transactions processed through this company’s system has decreased from 12% in 2021 to only 6.56% in 2022.

The above statistics have shown that people increasingly prefer non-cash payment methods. From small transactions worth only a few thousand dong to eating out, going to the market, grocery shopping, filling up gas… can be done without using cash, just with a bank account, or wallet. electronic.

Along with the impressive growth of the cashless payment market, banks and e-wallets are also “racing” to constantly improve the user experience more and more conveniently, transaction speed as well. growing quickly.

Users enjoy the touch payment experience

Military Commercial Joint Stock Bank (MB) has implemented payment via Google Pay for all MB Visa cardholders. Now, users can not only pay by “swiping” but can also “touch” their phones at contactless payment points and online payment channels that accept Google Pay.

Curious about the “touch” payment method with MB Visa card via Google Pay, her friend Le Vy (Office worker in Ho Chi Minh City) is eager to experience and extremely impressed with the transaction processing speed. of this new method. “As soon as the staff enter the bill to pay, I just need to touch the back of the phone near the Contactless icon of the payment acceptance device (POS) and the transaction is completed” – Vy excitedly shared. shall.

Besides, the security factor is also highly appreciated by her friend. Le Vy said: “I’m very shy when I have to give my credit card to the staff for fear of being stolen. When I pay “touch” by phone on the Google Wallet app, my card information is completely is secured.”

According to Vy, currently on many foreign travel experience sharing forums, users are also actively passing on the “touch” payment feature via Google Pay with MB Visa card. Currently, Google Pay is available in more than 50 countries worldwide. With this new payment method, MB’s travel enthusiasts can fully optimize their trip, avoiding risks such as lack of cash, lost bank card…

According to MB’s representative, payment via POS Contactless is faster than conventional card payment. This payment method also helps users take advantage of both online payment – offline card swipe, with the same security layer thanks to modern Tokenization technology (card number encryption) combined with advanced security solutions of Google and MB. .

Offer to pay MB Visa card via Google Pay

Especially during this time, the more customers “touch”, the more incentives they will enjoy. MB is currently applying a program to refund VND 100,000 to customers who have accumulated payments from VND 500,000 when paying via Google Wallet with MB Visa card until the end of July 31.

In addition, customers will also enjoy preferential programs when spending MB cards with diverse categories: shopping, beauty, dining … with many famous brands such as: California Fitness & Yoga, Elite Fitness, Casio, The Pizza Company… Promotions are constantly updated at website www.mbbank.com.vn

Through the investment in a series of outstanding payment utilities, MB has increasingly affirmed its position as one of the pioneer banks on the “race” of non-cash payment.