The first 'Electronic Payment Market' model in a mountainous commune in Nghe An

As part of a series of activities responding to Youth Month 2023, in recent days, the Standing Committee of Tan Ky District Youth Union and Nghia Dung Commune Youth Union have piloted the construction of an "Electronic Payment Market" model in Nghia Dung Commune, Tan Ky District, by providing payment accounts and QR payment codes to 20 small traders doing business at the market.

The union members and youth have approached and installed the payment application for small traders. At the same time, they have provided specific instructions on how to use and the benefits of this cashless payment method. Photo: Tan Ky District Union

According to Tan Ky District Youth Union Secretary Hoang Thi Trang, Nghia Dung commune was chosen as the location to build the model because it is a difficult mountainous commune located far from the center of Tan Ky district. The commune has a total population of more than 6,800 people, of which more than 1,600 are ethnic minorities.

Nghia Dung Market is located in Tan Van hamlet, Nghia Dung commune. The market has existed for a long time, attracting people from all over the commune to come and buy and sell, meeting on odd days of the month. Each market meeting attracts more than 400 people.

Nghia Dung Commune Delegation directly surveyed, collected information and printed QR codes on hard plastic material to serve the people in the long term during use. Photo: Tan Ky District Delegation

To provide maximum support to the people and small traders in the business process, local youth have built the Market 4.0 model. From this model, small traders and people can easily pay for all items by scanning QR codes or transferring money via phone numbers on electronic payment applications.

Thereby, creating conditions for consumers to experience and access modern payment methods, stimulating shopping activities. At the same time, aiming to apply to the remaining markets in the district.

The traders were very excited to have access to this convenient and fast payment method. Photo: Tan Ky District Youth Union

Excitedly holding the carefully printed QR code in his hand, Mr. Hoang Xuan Mai in Tan Van hamlet, Nghia Dung commune - a long-time trader at Nghia Dung market said: "For sellers, the most worrying thing is paying the wrong money to customers. If I overpay the customer, the store will have to suffer a loss that day, but if I underpay the customer, I will lose their trust. Therefore, using this form of payment, both sellers and buyers find it very convenient and quick."

In Nghe An, this is the first model that has been piloted by the youth and has received high approval from local Party committees and authorities. In the coming time, Youth Unions across the province will continue to deploy and replicate the model throughout the province.