SmartPay provides an integrated fintech platform for Vietnamese retailers, combining cash‑less payment acceptance (POS terminals, QR codes, and an online gateway) with a free shop‑management app. The solution enables merchants to process card, contactless, and installment payments, generate electronic invoices, manage inventory, and access financing, all while complying with local health and finance regulations.
Funding
$30M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many small and medium retailers in Vietnam rely on fragmented, cash‑heavy payment methods and manual store‑management processes, which lead to slow transactions, accounting errors, and limited access to financing.
Solution
SmartPay offers an integrated fintech platform that combines electronic payment acceptance (POS terminals, QR codes, online gateway), a free shop‑management app, and value‑added services such as installment financing, bill‑pay, and insurance sales. The solution standardizes cash‑less transactions for sectors ranging from pharmacies to restaurants, ensuring compliance with Ministry of Health and Finance regulations for medical outlets. Real‑time transaction data feed into cloud analytics, enabling merchants to monitor sales, generate electronic invoices, and access bank loans for growth. By unifying payment and business management, SmartPay reduces operational friction and helps merchants expand sustainably.
Target Audience
Primary customers are retail merchants—including pharmacies, restaurants, fast‑food outlets, electronics and home‑appliance stores, beauty salons, and fashion boutiques—that need a unified cash‑less payment and store‑management solution.
Features
- POS SmartPay device supporting QR, card, contactless and installment payments, with electronic invoicing and product catalog management.
- QR SmartPay static and dynamic codes for in‑store, delivery and online payments, compatible with over 50 banks and e‑wallets.
- SmartPay Payment Gateway with PCI‑DSS Level 1 compliance, tokenization, and easy SDK integration for websites and mobile apps.
- SHOP SmartPay app (free) for sales tracking, employee management, promotions, and multi‑service sales (phone top‑up, utilities, insurance).
- Integrated financing options and loan access through partner banks directly within the platform.
- Industry‑specific solutions (e.g., Medcomm partnership for standardized electronic payments in pharmacies and clinics).