Vietnamese customers will have access to a fast and affordable Buy Now Pay Later (BNPL) service, following a partnership between Kredivo, one of the leading BNPL platforms in Indonesia and the payment services provider in Viet Nam - OnePay.

This partnership is part of a comprehensive strategy from both companies to address the growing demand for digital payments in Viet Nam, a market predicted to be worth US$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.

Country Head of Kredivo Vietnam Dan Nguyen said he believed that the collaboration between Kredivo and OnePay would add new momentum to the digital payment market by providing fast, affordable, and convenient experiences that would increase Vietnamese purchasing power.

Director of OnePay Dang Thanh Phong said via this partnership with Kredivo, his company hoped to offer a new financing option that would optimise customer experience and business growth for merchants, thereby contributing to the advancement of digital payments in Viet Nam.

On this occasion, Kredivo and OnePay have announced the first phase of their partnership by launching a series of attractive promotions, including a 50 per cent discount valued up to VND100,000 on user’s first transaction and a 5 per cent discount valued up to VND500,000 on the transaction from VND700,000, 6- and 12-month installment, applicable to purchases on OnePay’s leading merchants and partners, such as Samsung.vn and Meta.vn. — VNS