Issuance of Basic Standard for technical specification of QR Code displayed from customer's side in Vietnam
27/11/2024 10:11
On 15th November 2024, the Governor of the State Bank of Vietnam (SBV) signed for issuance Decision No. 2525/QD-NHNN on the Basic Standard for the technical specification of the QR Code displayed from the customer’s side in Vietnam (coded as TCCS 04:2024/NHNN).
The Basic Standard for the technical specification of the QR Code displayed from the customer’s side in Vietnam sets out the technical specification requirements, the structural format, and the data components of the QR Code displayed from the customer’s side, which is used in payment transactions conducted within the Vietnamese territory. The goal of this Basic Standard is to encourage the payment service providers and the payment intermediary service providers to implement a unified and consistent standard, facilitating the interoperability of the QR Code payment systems. Additionally, the issuance of the Basic Standard is also expected to support and promote the consistency and alignment in the technical requirements applied to the QR Code displayed from the customer’s side both domestically and internationally.
This Decision took effect from the date of its signing.
Source: SBV