What Is VRB?

Vietnam Russia Bank (VRB) is a notable payment method in Vietnam, known for facilitating seamless online transactions through a bank redirect system. This payment method leverages the trusted networks of participating banks around the region, making it a reliable and popular option for consumers in Vietnam.

How VRB Works

VRB uses a straightforward bank redirect system. When making a purchase online, users are redirected to their bank’s secure portal to authenticate the transaction. VRB is similar to traditional bank transfers but streamlined for online purchases. This login process ensures that the user’s account information is protected and completes the transaction in Vietnamese Dong (VND).

Features

  • Secure Banking Integration: Uses a secure banking framework for each transaction.
  • Local Currency Transactions: Supports transactions in VND, providing currency stability for users and merchants.
  • User Authentication: Redirects users to authenticate payment via their banking portal, ensuring high security.

Benefits

  • Secure: VRB reduces the risks associated with online fraud by redirecting to the user’s own bank.
  • Trustworthy: VRB is an established financial institution in Vietnam and can drive conversions by providing consumers with a familiar payment method.
  • Convenient: Widely accepted and facilitates local currency transactions, eliminating the need for currency conversion hassles

Here’s How to Get Started:

Contact Rapyd to integrate VRB into your online payment options using our plugins, hosted checkout, developer toolkit or API.

Key Details for Accepting VRB with Rapyd:

  • Countries: Vietnam
  • Payment Type: Bank Redirect
  • Currencies: VND

VRB Is:

  • Refundable: Yes
  • Cancelable: No
  • Supports Subscriptions: No
  • Disputable: Yes

Start Accepting VRB Payments With Rapyd

Rapyd supports Visa, Mastercard and hundreds of local and alternative payment methods, including VRB. With Rapyd, your business can accept credit card payments worldwide and offer alternative payment options tailored to local markets.

Get Started to leverage the power of VRB to engage a wider Vietnamese audience with a payment method they trust.

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