The digital economy in Vietnam is evolving swiftly. Smartphones are popular now, more people can get online, and the government really wants a society without currency. All of these factors have impacted how people and companies do business. The digital payment system in Vietnam is presently one of the best in Southeast Asia. The most recent important development in this progression is that more and more places are now taking both cryptocurrencies and the Vietnamese Dong (VND).

The Digital Payment System in Vietnam

There are three primary aspects to Vietnam's digital payment system: e-wallets, bank transfers, and QR code solutions like VietQR. These methods have made it considerably easier for people to receive credit and less reliant on cash, especially in cities. People in rural regions still utilise cash for little purchases a lot of the time. Digital channels are more popular in cities, where digital payments are the norm since they are faster, easier, and more convenient.

Because they are safe and easy to use, bank transfers are still the most common means for businesses to pay each other and for big purchases. VietQR has made it feasible for QR-based payments to work throughout all of Vietnam. This implies that money may now be moved instantly between wallets and banks. These changes have built a strong base for digital commerce and accepting VND payments.

Fiat Payment Gateways: The Foundation for VND Transactions

The fintech business has grown quickly because Vietnam needs safe, effective, and scalable fiat payment gateways. Businesses may easily and safely process VND payments with these gateways. They are also the main parts of platforms for e-commerce and services.

Businesses in Vietnam should think about the following crucial things when choosing a fiat payment gateway:

• Being able to connect with APIs and e-commerce platforms
• Following PCI DSS regulations and keeping transactions safe
• Costs of processing and how long it takes to settle
• Let's you pay in numerous ways and with different currencies.
• Things that help stop fraud and check customers

There are a number of companies that offer payment services, but TransFi has become a leader by offering a hybrid method that effortlessly merges fiat and cryptocurrency payment rails into one compliant architecture.

The Growth of Cryptocurrency Payments

Vietnam is one of the countries that uses cryptocurrency the most. There are more than 17 million people who own Bitcoin, and the amount of money that changes hands each year is more than $100 billion. People thought that Vietnam's whole cryptocurrency industry would be valued at more than US$220 billion in 2025, which is a 55% rise from the year before.

The main reasons for this growth are that a lot of people use it for shopping, moving money is cheap, and blockchain-based apps like decentralised banking and play-to-earn games are becoming more popular. In addition to VND, businesses are looking into more and more ways to accept digital currencies. They aim to reach more tech-savvy people and get settlements done faster while paying less in costs.

Also Read: Best Crypto and Fiat Payment Gateway in Thailand: Secure Payment Solutions for THB and Crypto

Regulatory Transition Toward Clarity

The State Bank of Vietnam (SBV) used to state that it was against the law to use digital currencies as money. Vietnam is, nevertheless, moving towards a more organised way of regulating things. The Law on Digital Technology Industry (2025) is a huge change. It will start on January 1, 2026, and it says that digital assets can be used as utility, security, and payment tokens.

The new law specifies that enterprises that deal in digital assets and have a license must follow tight regulations for cybersecurity, know your customer (KYC), and anti-money laundering (AML). Resolution No. 05/2025/NQ-CP also established a five-year trial program for bitcoin exchanges in Vietnam that follow the rules. In this program:

• Only businesses that are registered in Vietnam can run trading platforms.
• Businesses need to have at least 10 trillion VND (approximately $379 million USD) in cash.
• Foreigners can only own 49% of the property.
• You can only pay for Bitcoin transactions with VND.

Vietnam's cautious but forward-thinking approach demonstrates that it intends to include regulated cryptocurrency payments in its own financial system. This is an excellent method to make hybrid payment systems operate.

TransFi Checkout: The Link Between Crypto and Cash

TransFi Checkout is a new type of payment gateway that works with both credit cards and cash. It was designed particularly for the Vietnamese market. It helps businesses safely accept both real and digital currencies because it settles transactions practically right away and has tight rules for compliance.

TransFi Checkout helps businesses by offering them.

• You can pay with VND, Bitcoin, USDC, and USDT.
• Rapid conversion of cryptocurrency to VND where authorised by legislation.
• One-click checkout for a pleasant experience for users.
• You can easily connect to bespoke APIs and platforms like WooCommerce and Shopify.
• Enterprise-level security that fulfils SBV standards and is fully compliant with AML/KYC.

The platform's architecture links blockchain payment systems to Vietnam's traditional banking system. This lets businesses process payments in both fiat and digital currencies in one place.

TransFi is the greatest payment gateway for businesses in Vietnam and around the world that accept both cryptocurrency and regular money. It's easy to use, legal, and works effectively for changing money.

To utilise TransFi Checkout now, click on Sign up.

Integration, Compliance, and Safety

Security and compliance are particularly crucial in the area of digital payments. TransFi's product has cutting-edge security features like:

• Two-step verification (2FA)
• Putting transaction data and user credentials into code
• Fraud and risk analytics to keep a watch on those who act suspiciously
• Following PCI DSS and ISO 27001 rules for cash payments
• Checks for AML and KYC for Bitcoin transactions

APIs and plugin modules make it easy for developers to connect to popular e-commerce systems, making integration simple. This unifies all fiat and crypto transactions on one dashboard, which allows retailers to add checkout options for several currencies in just a few hours.

Real-World Examples and Uses

A lot of Vietnamese firms are employing hybrid payment gateways to speed up payments for online shopping, gaming, and digital services. For instance:

• To reach clients all around the world, e-commerce shops now let people pay using Bitcoin.
• Instead of paying expensive remittance fees, freelancers and digital agencies employ stablecoin transactions.
• People from other countries who want to travel or stay in hotels can pay with cryptocurrency.

These companies may easily pay in Vietnam and around the world with TransFi Checkout. It has one interface that works with both cryptocurrencies and VND. This important flexibility helps Vietnamese companies compete with companies from all around the world while still following the rules in their own country.

Also Read: Best Crypto and Fiat Payment Gateway in Indonesia: Accept Rupiah and Crypto Seamlessly

Vietnam as a Regional Hub for Digital Payments in the Future

Vietnam is becoming a leader in digital currency payments in the area since the government is changing its laws and going through a digital transition. Vietnam is a fantastic country to try out hybrid payment systems since the people there are good with technology, the e-commerce infrastructure is getting better, and the government backs fintech enterprises.

Experts suggest that when the Digital Technology Industry Law comes into effect in 2026, more organisations will get involved. When approved companies start offering enterprise-level crypto settlement systems, cross-border remittance services, and stablecoin payment models, this will happen.

TransFi is in a fantastic place to be a big part of this expansion by helping both new and old businesses set up digital payment systems that are safe, scalable, and legal.

Conclusion

The payment revolution in Vietnam is already well underway. Adding both fiat and cryptocurrency payment methods is a smart move that makes the world more competitive, the economy more efficient, and allows more individuals can receive money. It's not only a change in the way things work.

TransFi Checkout and other regulated hybrid gateways can help businesses protect their future by letting them accept more than one currency, lowering expenses, and opening up new markets. TransFi is helping Vietnam develop towards a regulated, blockchain-enabled economy by combining traditional banking with decentralised technologies. This will make the future more linked and digital.

To utilise TransFi Checkout right now, click on Sign up.

FAQs:

1. Which payment gateway works best for both cryptocurrencies and regular money in Vietnam?

One of the greatest hybrid payment gateways in Vietnam right now is TransFi Checkout. It readily takes cryptocurrency and VND in a safe and legal place.

2. Is it legal for Vietnamese establishments to take bitcoin payments?

Yes, regulated platforms that follow AML/KYC requirements can process bitcoin payments in Vietnam. This is because of the new pilot rules and the Digital Technology Industry Law that will soon be passed.

3. How can businesses let customers pay using cryptocurrencies on their websites?

Merchants can easily integrate Bitcoin payment APIs or plugins to their own websites, Shopify, WooCommerce, or other systems like TransFi Checkout. This lets you do business with only one click.

4. Are payments made with cryptocurrency faster than ordinary VND transfers?

Yes, most of the time. Depending on the bank, fiat transfers can take hours or even days. On the other hand, transactions on the blockchain settle virtually right away.

5. Why should businesses take both Vietnamese Dong and cryptocurrency?

Vietnam's burgeoning digital economy will benefit a lot from dual acceptance. It helps you do business in both local and worldwide markets, which means you may reach more customers, cut your costs, and do business in both.