VTB Bank clients will be able to pay for goods and services using a QR code in Vietnam by the end of 2025. This was announced by Konstantin Balduyev, Deputy General Director of the Vietnamese-Russian Joint Bank VRB, on the Russia-24 TV channel.
According to Balduyev, the service will be integrated into the VTB mobile application, which will allow bank clients to use the familiar interface for payments. The new system is designed to improve the convenience of cashless payments for Russian tourists in the country.
The service is scheduled to launch before the beginning of the new year 2026. The technical implementation of the project is being carried out by the joint bank VRB, which specializes in settlements between the two countries.
The Vietnamese-Russian Joint Bank (VRB) handles settlements in rubles and Vietnamese dong. At the end of 2024, the share of the credit institution in the trade turnover between Russia and Vietnam amounted to about 40%. VRB is the only bank in Vietnam that ensures the operation of Mir national payment system cards.
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