Convenient transactions via QR code, customers receive additional benefits from BAC A BANK.

QR code payments are now widespread, from large restaurants to street vendors.

In recent years, the trend of cashless payments in general, and QR code scanning for money transfers in particular, has truly taken off. Thanks to its convenience and speed, this transaction method is not only popular in eateries, restaurants, supermarkets, etc., but has also infiltrated every corner of traditional markets and street vendors, becoming more accessible to small traders and even elderly people who were previously only used to using cash.

At a local market on Vuong Thua Vu Street (Thanh Xuan District, Hanoi), Thu Trang's fruit stall always displays a QR code in front. After verifying a successful transaction from a customer who had just scanned the QR code, she excitedly shared: "Since creating and using this QR code, I've saved a lot of time and effort because I don't have to read out account information to each person individually during busy periods, and I don't have to worry about giving change or refunds."

Many vendors in the market also said that scanning QR codes is a "win-win" situation for both sellers and buyers. Currently, most people are accustomed to bringing their phones to the market instead of cash, and if there is no bank transfer payment method, customers are willing to leave and buy other goods.

In fact, according to statistics from the State Bank of Vietnam, in just the first two months of 2024, QR code payments surged by 846.41% in volume and 1146.14% in value; and are expected to continue dominating the market due to their ultimate convenience. Furthermore, many banks are continuously launching discount programs and gift promotions to encourage users to switch to cashless payments, making this transaction method increasingly popular and preferred.

BAC A BANK is showering small business customers with gifts when they receive payments via QR code.

From June 1st, 2024 to August 31st, 2024, Bac A Commercial Joint Stock Bank (BAC A BANK) officially launched the program."QR Transactions - Abundant Gifts"The award process is divided into three corresponding stages.

Eligible customers include: Small business owners/household business owners who are registering for an account and electronic banking services for the first time; Existing small business owners/household business owners who already have a payment account or customer code (CIF) at BAC A BANK and are now registering for additional electronic banking services for convenient daily transactions.

Notably, customers who register for the service directly at the counter or through electronic identification (eKYC) on the BAC A BANK Mobile Banking application are both considered eligible to receive the full benefits.

Accordingly, by making at least 10 QR code payment transactions from 5 different account numbers with a minimum value of VND 30,000 per transaction, and maintaining a minimum average monthly balance of VND 2 million, BAC A BANK customers will receive VND 100,000 credited to their account. A total of 900 lucky customers will receive this thank-you gift from BAC A BANK throughout the program period.

Clearly, offering a variety of payment methods is also a way to expand and reach a wider customer base across different age groups, contributing to increased revenue for sellers. Alongside this promotion, BAC A BANK customers still enjoy free account opening and maintenance, free transfers within and outside the system, and free nickname creation to make their accounts shorter, easier to remember, and easier to share.

For more program details, please visit the website.www.baca-bank.vnor Customer Service Hotline1800588828.