What NganLuong.vn does

NganLuong.vn (legal name: Công ty Cổ phần Cổng trung gian thanh toán Ngân Lượng / Ngan Luong Intermediate Payment Gateway Joint Stock Company) is a Vietnamese licensed payment intermediary founded in 2009 as part of the Nexttech Group (formerly PeaceSoft Group) portfolio, co-founded by Nguyen Hoa Binh. The company operates a dual product platform: a consumer-facing multi-functional e-wallet (Ví Ngân Lượng) for recharge, transfer, and bill payment, and a multi-channel online payment gateway that aggregates bank transfers, domestic ATM cards, VietQR NAPAS247, international card networks (Visa, Mastercard, JCB, Amex), Apple Pay, Alipay, WeChat Pay, and domestic e-wallets. Merchants integrate via three checkout options (Standard, Advanced, Seamless) supported by APIs/SDKs in PHP, .NET, Java, Android, and iOS.

The technology stack includes PCI-DSS-compliant payment infrastructure, biometric eKYC with OCR and facial recognition for ICAO 9303-aligned identity verification, card tokenization for one-click recurring payments, escrow-style buyer protection (Thanh toán Tạm giữ), and a 24/7 payout API. The platform connects to roughly 40 financial institutions and telecom operators plus utility billers (EVN) and the national public service portal (dichvucong.gov.vn).

Revenue is generated through transaction fees on money transfers (1,000 VND plus 1%, minimum 2,000 VND per transaction) and merchant payment gateway processing fees; setup and monthly maintenance for merchant integration are 0 VND, with monetization occurring at the point of payment. Go-to-market combines API-first self-serve merchant onboarding with a channel-partner network of 18,000+ sales/payment partners. Customer base spans individual consumers (1.3 million registered users), 30,000+ merchants in 100+ countries (including Dien May Xanh, FPT Shop, MediaMart, Viettel Store, Vietnam Airlines), and government/public-sector integrations for administrative and utility payments. Operating headquarters are in Hanoi with a regional office in Ho Chi Minh City.

Name

NganLuong.vn

Legal name

Công ty Cổ phần Cổng trung gian thanh toán Ngân Lượng (Ngan Luong Intermediate Payment Gateway Joint Stock Company)

Website

https://nganluong.vn

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

1–10 employees

Short description

NganLuong.vn is a Vietnam-licensed e-wallet and online payment gateway serving 30,000+ merchants and 1.3 million users with multi-channel acceptance, installment plans, payouts, MPOS, and government/utility bill payment services.

Ownership category

akta.pro rank

Product category

Online Payment Gateway

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Finance Services (6199)

akta.pro primary industry

Merchant Payment Gateways (API/Hosted Checkout) (FSAMACAA)

akta.pro secondary industries

Invoicing, Pay-by-Link & Virtual Accounts (CRAFALAJ), Alternative Payments & Digital Wallet Acceptance (A2A, RTP, wallets) (THALAHAH)

Keywords

• Online payment gateway
• Digital wallet services
• Escrow payment processing
• Payment intermediary services
• Merchant payment integration

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Operations, Infrastructure, Personnel, Marketing or Sales

Revenue model

1. Transaction Fees: NganLuong charges transaction fees on money transfers. Transfer fees are 1,000 VND plus 1% of the transaction amount (minimum 2,000 VND per transaction), with the recipient paying the fee. This is the primary revenue stream from peer-to-peer and merchant transactions.
2. Payment Gateway Services: Merchants integrating the payment gateway pay no setup or monthly maintenance fees (0 VND). Revenue is generated through transaction processing fees when customers complete payments through the platform.
3. Withdrawal Fees: Users withdrawing funds from their NganLuong wallet to bank accounts pay fees according to bank regulations (minimum 100,000 VND withdrawal).

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels5 records

Core offering

NganLuong.vn operates a multi-channel online payment gateway and consumer e-wallet licensed by the State Bank of Vietnam as a payment intermediary. Individuals use the Ví Ngân Lượng e-wallet to recharge, withdraw, transfer money, pay online at thousands of merchant sites, and make 0% installment purchases. Merchants integrate via Standard/Advanced/Seamless Checkout APIs, payout APIs, MPOS devices, Payment Links, and the AlePay installment gateway to accept cards, bank transfers, VietQR, VNQR, Internet Banking, and e-wallets.

Product overview

NganLuong.vn operates as a multi-product fintech platform consisting of a core e-wallet (Ví Ngân Lượng) and a multi-channel online payment gateway. The platform's core product enables individuals and businesses to send/receive money online with three main functions: Recharge, Payment, and Transfer. Merchants are served through multiple checkout integration options (Standard, Advanced, Seamless Checkout), a payout/chi hộ service for mass payments, MPOS for in-store payments, Payment Link for social commerce, and Tingbox smart notification speakers. Ancillary services include installment payments via AlePay, card tokenization, and public administration bill payments. The platform integrates with nearly 40 financial institutions, telecom companies, and supports payment methods across Visa/Master/JCB/Amex cards, domestic ATM cards, VietQR NAPAS247, Internet Banking, and domestic/international e-wallets. Developed by NextTech Group since 2009, with over 60,000 merchant partners.

Differentiator

Problem solved

Functional benefit

Brands

• AlePay: Payment gateway providing online payment solutions for websites and applications using domestic and international cards.

Products and services

• Ví Ngân Lượng (NganLuong E-Wallet)

Quantifiable outcome

• 15 million transactions processed totaling $200 million USD
• +2 more outcomes

Named customers10 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration39 records

Feature7 records

Partnerships

18 partnerships are on record, tiered core and minor.

• NextTech GroupcoreStrategic or Co-development PartnerParent company of NganLuong.vn. NextTech Group (formerly PeaceSoft Group) developed NganLuong since 2009 as part of its portfolio of e-commerce and payment ecosystem companies including Vimo, ThanhToanOnline, Mpos, BoxMe, and ShipChung.
• SacombankcoreTechnology or IntegrationDirect integration for payment processing, enabling Sacombank card holders to use NganLuong payment services.
• VPBankcoreTechnology or IntegrationDirect payment gateway integration supporting VPBank transactions.
• Shinhan Bank (formerly ANZ)coreTechnology or IntegrationDirect integration for payment processing through Shinhan Bank.
• EximbankcoreTechnology or IntegrationDirect payment processing integration with Eximbank.
• Maritime BankcoreTechnology or IntegrationDirect integration for Maritime Bank payment services.
• VIB (Vietnam International Bank)coreTechnology or IntegrationDirect payment gateway integration with VIB.
• HSBC VietnamcoreTechnology or IntegrationInternational banking integration for payment processing.
• Citibank VietnamcoreTechnology or IntegrationInternational credit card and payment processing integration.
• TechcombankcoreTechnology or IntegrationDirect integration for Techcombank payment transactions.
• BIDVcoreTechnology or IntegrationMajor state-owned bank integration for payment processing.
• FE CREDITcoreTechnology or IntegrationConsumer finance integration for installment payment services.
• Visa and MastercardcoreTechnology or IntegrationInternational card network integrations enabling credit and debit card payments on the platform.
• PayPalcoreTechnology or IntegrationInternational payment integration enabling PayPal transactions.
• CyberSourcecoreTechnology or IntegrationEnterprise payment gateway integration for international card processing.
• NAPAS247coreTechnology or IntegrationDomestic card network integration enabling VietQR payments and ATM card transactions.
• Vietnam AirlinesminorChannel Partner/ Reseller/ DistributorAirline ticket payment integration enabling installment purchases for Vietnam Airlines flights through AlePay gateway.
• EVN (Electricity of Vietnam)minorChannel Partner/ Reseller/ DistributorUtility bill payment integration enabling electricity bill payments through the NganLuong platform.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• MoMo: Vietnam's largest e-wallet and payment super-app, offering consumer wallet, merchant payment gateway, and bill payment services. Directly competes with NganLuong in both wallet and merchant gateway segments, with substantially larger consumer base and funding.
• ZaloPay: Vietnamese e-wallet and payment gateway operated by VNG Corporation with Ant Group backing. Competes head-to-head with NganLuong on consumer wallet, QR payments, and merchant gateway services, with deeper capital and distribution via Zalo messaging app.
• VNPay: Dominant Vietnamese payment gateway and QR payment network operator linked to major Vietnamese banks. Directly competes with NganLuong's gateway and VietQR capabilities, with broad bank distribution and aggressive merchant acquisition.
• ViettelPay: Telco-backed e-wallet and payment service from Viettel, one of NganLuong's named partners and customers. Competes with NganLuong's consumer wallet and merchant acceptance, leveraging Viettel's telecom subscriber base.
• Payoo: Vietnamese payment gateway and consumer finance platform offering online payment, installment, and bill payment services. Directly overlaps with NganLuong's payment gateway and AlePay installment offerings for Vietnamese merchants.

Broad incumbents

• 2C2P: Pan-Asian payment gateway serving merchants across Southeast Asia with card processing, alternative payments, and installment services. Operates in overlapping markets with NganLuong but with broader regional presence and enterprise focus.

Emerging players

• Moca (Grab): Vietnamese e-wallet now integrated into Grab's super-app, offering consumer payments and merchant acceptance. Competes with NganLuong's consumer wallet segment via Grab's ride-hailing and food delivery user base.
• OnePay: Vietnamese payment gateway and electronic payment solutions provider focused on online merchants and POS. Overlaps with NganLuong's core gateway offering for SMB and enterprise merchants in Vietnam.
• SmartPay: Vietnamese cashless payment platform for unbanked and underbanked consumers, offering wallet and merchant services. Partially overlaps with NganLuong's consumer e-wallet targeting in Vietnam.

Others

• Vimo (NextTech Group): Sister company under NextTech Group's portfolio, focused on mobile payment and e-wallet services. Not a direct competitor but illustrates the parent's portfolio fragmentation in payments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/thanhtoannganluong
• Xx.com/nganluongvn
• LinkedInlinkedin.com/company/nganluong-joint-stock-company

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NganLuong.vn