Zalopay
ZaloPay is a unicorn company owned by VNG Group, whose main business is games and Zalo, a social network similar to WeChat. Compared with Zalo who has about 70 million users, Zalopay has 15 million registered users and 4.5 million monthly activie users, establishing itself as the second largest e-wallet in Vietnam.
Properties
The properties of the Zalopay payment method are shown in the following table:
Payment type | Wallet | ||
Acquirer | AlipaySG | Acquiring region | SG, AU, HK |
Payment flow | Redirect | Checkout Payment | ✔️ |
Buyer country/region | Vietnam | Auto Debit | ✔️ |
Funds deduction | Real-time | Refund | ✔️ |
Processing currency | VND | Partial refund | ✔️ |
Minimum payment amount | 1000 VND | Chargeback | ❌ |
Maximum payment amount | 50,000,000 VND; 100,000,000 VND per month | Refund period | 180 days |