VietnamTravel Tips & InfoTraveling with Cashless Payment in Vietnam

Traveling with Cashless Payment in Vietnam

Buying goods and services without cash has become more prevalent than ever. Nevertheless, the Vietnamese prefer exchanging bills for purchases under VND 100,000 (US$4.3). As a result, you should consider the pros and cons of cashless payment in Vietnam.

The Benefits of Traveling with Cashless Payment in Vietnam

Time and effort saving: Counting cash can take so much time, especially for a large sum, and can lead to overpayment due to mistaking the Vietnamese currency. Moreover, booking in advance, like accommodations or vehicles, by using cards can save so much stress while being on holiday.

Financial control: Although traveling to Vietnam is not expensive, you should carefully manage your budget. Using cash can be a hassle, as you must keep track of the money left in your wallet. On the other hand, you can check all of your transactions while making cashless payments.

Avoid minor thieves: Carrying a lot of cash can make you an easy target for thieves, especially in big cities like Ho Chi Minh City and Hanoi. So, having credit cards when you visit Vietnam is much safer. Besides, most large Vietnamese businesses allow cashless payment, so purchasing something with high financial value can be more reliable.

Some Drawbacks of Traveling with Cashless Payment in Vietnam

Not everywhere accepts cashless payment: Although cashless payment is rapidly gaining popularity in Vietnam, we advise you not to depend entirely on this payment method. For example, in rural areas where Internet exposure is limited, you might not be able to utilize cashless payments.

Extra charge: You might receive a surcharge for cashless exchanges, depending on the bank or the apps that you’re using

Risk of getting hacked: Since your payment portals are linked to a lot of crucial personal information, if you accidentally lose your phone, click on an unknown link, or scan a suspicious OR code, you’ll risk losing your personal information as well as your money.

Tipping option is limited as most of the time you can only pay the exact amount of the charged price.

Some Options for Cashless Payment in Vietnam

Credit cards

Credit cards such as Visa, Master Card, JBC, and American Express are the most common international credit cards accepted in Vietnam. You can easily use these cards to withdraw money from ATMs, though there’s an additional 3-4 percent per transaction. You should note that all payments are in Vietnam Dong, so you must also bear a currency conversion fee.

See where to find ATMs in Ho Chi Minh City.

Local E-wallets in Vietnam

MoMo: MoMo has two main features – an online shop and an e-wallet. You can use this in convenience stores, to top up your SIM cards, to book transportation, and more. Simply add money to this wallet using international payment networks, including Visa, MasterCard, and JCB.

ZaloPay: This e-wallet provides a diverse mobile payment ecosystem. It lets users pay utility bills and transfer money via a QR code. Moreover, it connects with many bank accounts in Vietnam for cash withdrawals and easy purchase of movie or airplane tickets.

Most useful apps for your Vietnam trip allow you to link your bank account to pay.

International E-wallets

While popular apps such as Zelle, Cashapp, or Stripe are limited in Vietnam, you can utilize ApplePay and GooglePay in certain places, such as at the airport or convenience stores.

  • Avoid scanning suspicious OR codes or clicking on random links
  • Make sure you’re sending money to the right recipient
  • Watch out for snatch thieves when using your phone to pay
  • If possible, book and prepay for your trip for extra security and less hassles

Find and book a hotel in Vietnam:

Plan your activities in Vietnam here:

Our Conclusion on Cashless Payment in Vietnam

It is nearly impossible to entirely go with cashless payment in Vietnam since it isn’t accessible in all regions. Tourists can use credit cards for hotels, restaurants, and coffee houses. But when you’re eating street food, shopping in markets, and drinking in smaller bars, cash is your best option. If you are unclear about where to exchange money, let’s visit our guide on Money exchange spots in Hanoi and Money exchange spots in Ho Chi Minh City.

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