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QR Solutions

Explore more digital payments solutions to grow your businesses.
A tool to help you streamline collections, strengthen commercial performance, and drive revenue growth.

What is QR Solutions?

As cashless payments become increasingly essential to our everyday life, making payment by QR code are emerging as a tool to help businesses streamline collections, strengthen commercial performance, and drive revenue growth.

Following the standard format of the National Payment Corporation of Vietnam (NAPAS), HSBC’s QR Solutions simplifies both personal and business transactions, connecting consumers and merchants seamlessly in real time and across platforms.

Benefits of QR Solutions

  • Instant and Convenient

    *Funds will be settled in VND

    For domestic payments: settled real-time 24/7

    For cross-border payments: settled in T+1

  • Cost efficiency

    Transaction fee is lower than other payment methods

  • Secure transactions

    VietQR standards and secure banking channels offers reduced risk of fraud or data breaches

  • Automated reconciliation

    Provide instant credit notification, consolidated settlement reports and virtual account support

  • Widespread acceptance, locally and globally

    Accepted by 40+ banks in Vietnam and 200+ banks from China, Laos, Cambodia, and Thailand

  • Multi-currency conversion

    Allows international customers to purchase without a local bank account

  • Compatible with various operating models

    Can be used for both online and offline channels

How it works

1. Dynamic QR (Domestic QR):

Domestic payment transactions complete in real time 24/7.

Online Model:

Connect API directly to Merchant's e-commerce site.

Offline model

Technical supported by local Payment Service Provider.

2. VietQR Global (Cross-border QR):

Cross-border payment method enabling multi-currency transactions with auto-FX conversion.

This solution is coordinated by the local Payment Service Provider.

Insights

Explore our industry insights and banking capabilities in a simpler way.

woman accessing HSBC business banking helpdesk using desktop computer

Need help?

Get in touch to learn more about our banking solutions and how we can help you drive your business forward.