The common goal of the agreement between MID Vietnam and Zion is to coordinate the implementation of software solutions and online payment solutions (specifically ZaloPay) on MID Vietnam's services in the transportation sector. This signing ceremony marks a new development step in the partnership between MID Vietnam and Zion. At the same time, it aims to strengthen the connection, ensure long-term and sustainable cooperation on the basis of relying on the advantages of the parties to best exploit the available potential.
According to this cooperation agreement, customers can buy bus tickets through the payment method using ZaloPay wallet sold using MID Vietnam's existing software tool and bus routes operated by MID Vietnam to sell tickets. At the same time, Zion also supports payment using ZaloPay e-wallet for the transportation equipment rental service provided by MID Vietnam for user subscribers.
In addition, MID Vietnam and Zion will establish a contact point to directly participate in the work of both parties to promptly exchange information, arising risks, receive comments, support the construction and completion of the cooperation process, protect the interests of both parties and users.
MID Vietnam and ZaloPay have been constantly striving to improve services as well as bring interesting experiences to users. This cooperation not only helps ZaloPay diversify payment services but also helps MID Vietnam reach more new and potential customers, at the same time marking the coordination and support of MID Vietnam and ZaloPay to become sustainable Vietnamese brands.
MID Vietnam is a technology company, focusing on products serving the transportation industry such as providing solutions for managing and transporting passengers and goods using technology applications to improve service quality, increase competitive advantage and bring higher business efficiency.
Zion is a payment intermediary business established and operating legally in Vietnam. Zion currently owns two payment gateways 123Pay and ZaloPay under VNG. ZaloPay is one of the leading pioneering e-wallets in Vietnam, chosen by many users. At the same time, it inherits a solid technology platform and ecosystem with superior products from VNG Group. On the ZaloPay application, users can also transfer money between banks, transfer money via phone number, transfer money via Zalo chat box as easily as sending a message or a photo. Money transfer and payment transactions are carried out anytime, anywhere and are completely free.
Cashless payment is one of the major policies of the Vietnamese Government to boost the economy, modernize payment infrastructure and minimize cash payments. In addition to developing new and convenient payment methods for consumers, expanding the network of payment acceptance points in various fields is one of the important tasks to promote cashless payments in Vietnam.
