VietinBank Launches Cross-Border QR Payment Connectivity with Singapore
This Aveluro analysis covers CTG (VietinBank) on HOSE in the Banks sector. The classified event type is strategic partnership, with positive sentiment and a deterministic market-impact score of 5.0/10. Aveluro classifies this story as a positive catalyst in the stock's news coverage. Source coverage came from Tuổi Trẻ - Kinh doanh, classified as a primary/top-tier source.
Key Facts
Caveat: Not investment advice. · How Aveluro computed this: Aveluro combines extracted event facts, source credibility, ticker context, and market data. Scores are deterministic research signals, not recommendations.
Follow this event and trade Vietnam stocks
Use the broker guide to compare Vietnam market access before acting on this news.
Aveluro may earn a commission from broker partners. Market data and broker availability can change; confirm access before opening an account.
Overview
VietinBank (CTG) has officially launched cross-border QR payment connectivity between Vietnam and Singapore, in partnership with NAPAS and Liquid Group. The service allows Singaporean tourists to pay at VietQR Global merchants across Vietnam using their domestic banking apps, with outbound payments from Vietnam to Singapore expected soon. This is the third regional market for VietinBank’s QR payment network, following Laos and Thailand.
Key Facts
- VietinBank announced the cross-border QR payment service on July 2, 2026, in coordination with NAPAS and Liquid Group.
- Singaporean tourists can scan VietQR Global codes at merchants nationwide using local banking apps or e-wallets.
- VietinBank iPay users will soon be able to pay directly in VND at Liquid Group’s RoamQR network merchants in Singapore.
- The service eliminates the need for cash or foreign currency exchange for travelers.
- VietinBank previously launched QR payment connectivity with Laos and Thailand.
- The event was attended by representatives from the Singapore Embassy, the State Bank of Vietnam, and other government bodies.
- VietinBank Chairman Tran Minh Binh stated that cross-border digital payment is a strategic priority in the bank’s digital transformation.
What Happened
On July 2, 2026, VietinBank, together with NAPAS (the national payment gateway of Vietnam) and Liquid Group (a Singapore-based fintech), announced the launch of cross-border QR payment services between Vietnam and Singapore. The service enables Singaporean visitors to Vietnam to make payments by scanning VietQR Global codes at participating merchants using their domestic banking apps or e-wallets, without needing to carry cash or exchange currency.
According to the roadmap, VietinBank iPay users will soon be able to make direct payments in Vietnamese dong at merchants within Liquid Group’s RoamQR network in Singapore. The initiative builds on VietinBank’s existing QR payment connections with Laos and Thailand, extending its regional digital payment footprint. Chairman Tran Minh Binh emphasized that cross-border digital payment development is a key strategic direction in the bank’s digital transformation journey.
Market Context
VietinBank (CTG) closed at VND 34,250 on July 7, 2026, up 0.29% with a volume of 4.77 million shares. The stock trades on HOSE. The launch aligns with the broader trend of digital payment adoption in Vietnam, where the State Bank of Vietnam has been promoting cashless payments and cross-border connectivity. VietinBank’s expansion into Singapore follows similar moves by other Vietnamese banks, positioning CTG to capture a share of the growing tourism and cross-border transaction flows.
Strategic Significance
The cross-border QR payment service strengthens VietinBank’s digital ecosystem and enhances its competitive position in the retail banking segment. By integrating with Singapore’s payment infrastructure, VietinBank taps into a key tourism source market and facilitates seamless transactions for Vietnamese travelers abroad. This move supports the bank’s long-term strategy to build a comprehensive digital banking platform, VietinBank iPay, and expand its regional network. The partnership with NAPAS and Liquid Group also demonstrates VietinBank’s commitment to interoperability and alignment with regional payment standards.
What to Watch
- Timeline for VietinBank iPay outbound payment functionality to Singapore.
- Transaction volume and value data for cross-border QR payments in Q3 and Q4 2026.
- Expansion announcements for additional regional markets (e.g., Cambodia, Myanmar, or other ASEAN countries).
- Competitor responses from other Vietnamese banks with similar cross-border QR initiatives.
- Regulatory updates from the State Bank of Vietnam on cross-border payment frameworks.