What NextPay Holding PTE does

NextPay Holding PTE (legal entity: CÔNG TY CỔ PHẦN TẬP ĐOÀN CHUYỂN ĐỔI SỐ NEXTPAY) is a Vietnamese integrated payment and digital transformation platform headquartered in Hanoi with regional offices in Ho Chi Minh City, Hai Phong, and Can Tho. The company provides payment acceptance hardware (mPOS card readers, SmartPOS terminals, TingBox transaction-notification speakers), QR code and contactless payment processing, 0% credit card installment processing across 30+ banks, and the PayOn remote payment-link service. Beyond payments, NextPay operates the Next360 ecosystem of vertical-specific SaaS products including PosApp (sales management, used by 23,000+ store owners), MySpa and MySalon (beauty/wellness business management), Vinvoice (electronic invoicing), MegaDoc (electronic contracts), ATM 360 (bill payment agency), Vimo (consumer e-wallet), NextAcademy (digital transformation training), and NextCam (AI facial recognition cameras).

The company generates revenue through three streams: transaction-based fees on processed payments (card, QR, installment), one-time hardware device sales (TingBox, mPOS, SmartPOS manufactured in Vietnam), and recurring subscriptions on Next360 software solutions. Pricing is quote-based for enterprise deployments while TingBox S3 is sold as a one-time perpetual purchase with no monthly fees. The platform is integrated with 40+ Vietnamese banks and certified by Visa, Mastercard, JCB, EMVCo, and the State Bank of Vietnam (NHNN). GTM combines product-led self-serve distribution through mobile app stores with a direct consultation team supporting Vietnamese SMEs across retail, F&B, and beauty/wellness verticals.

Name

NextPay Holding PTE

Legal name

CÔNG TY CỔ PHẦN TẬP ĐOÀN CHUYỂN ĐỔI SỐ NEXTPAY

Website

https://nextpay.global

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

NextPay is a Vietnamese integrated payment and digital transformation platform serving SMEs through mPOS hardware, TingBox speakers, QR/card/installment processing, and the Next360 SaaS ecosystem spanning sales, invoicing, and vertical business management.

Ownership category

akta.pro rank

Product category

Payment Processing Platform

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)

SIC

Services-Prepackaged Software (7372), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Integrated POS Payments (ISVs & Vertical POS Platforms) (FSAMADAD)

akta.pro secondary industries

mPOS & SoftPOS (Tap-to-Phone) Solutions (FSAMADAB), Mobile POS (mPOS) Devices & Handheld Terminals (HDACAKAB), POS Payment Software & Middleware (Terminal OS, Apps, Device Management) (FSAMADAC)

Keywords

• Payment processing
• Mobile POS solutions
• QR code payments
• Merchant acquiring services
• Digital transformation software

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Supply Chain

Revenue model

1. Payment Transaction Fees: Transaction-based fees charged on each payment processed through card readers, QR codes, and payment links. Supports credit card installments with 0% interest merchant-funded promotions.
2. Hardware Device Sales: One-time sales of payment devices including TingBox speakers, mPOS card readers, SmartPOS terminals, and related equipment manufactured in Vietnam.
3. Software Subscriptions: Subscription revenue from Next360 software solutions including PosApp, MySpa, MySalon, NextAcademy, NextCam, and business management applications.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

NextPay provides an integrated digital payment and business transformation platform (Next360) for Vietnamese SMEs, encompassing proprietary mobile POS hardware (mPOS, SmartPOS), TingBox voice-notification devices for QR/card transactions, payment processing across cards, QR codes, mobile wallets, and 0% credit-card installments, plus vertical SaaS applications for retail, F&B, salon, and spa management (PosApp, MySpa, MySalon, mPOS Digital), electronic invoicing (Vinvoice), electronic contracts (MegaDoc), and AI-enabled cameras (NextCam).

Product overview

NextPay operates as a comprehensive digital payment and transformation platform under Next360 ecosystem. The core product portfolio centers on mPOS payment devices (mPOS, mPOS Pro, N33, N31, SmartPOS PRO, Mini SmartPOS) and TingBox transaction notification devices (TingBox Pro, TingBox02, TingBox Mini, TingBox S3, TingBox-S, TingBox01) for QR and card payments. Supporting products include PayOn for remote payment links, Vimo e-wallet, and ATM 360 for agency services. The ecosystem extends to business management software including PosApp, MySpa, MySalon, and mPOS Digital for sales/inventory management; Vinvoice and MegaDoc for finance/accounting; NextAcademy for digital transformation training; and NextCam for AI-powered facial recognition cameras. This platform-plus-modules architecture enables merchants to accept payments (card, QR, contactless), manage sales operations, and digitize business processes through integrated solutions.

Differentiator

Problem solved

Functional benefit

Brands

• Next360: Digital transformation ecosystem platform offering various business software solutions
• mPOS
• TingBox
• PayOn
• VIMO

Products and services

• mPOS

Quantifiable outcome

• 23,000+ store owners using PosApp sales management solution

Named customers3 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

Integration5 records

AI capability1 record

Feature4 records

Partnerships

15 partnerships are on record, tiered core and major.

• VisacoreTechnology or IntegrationOfficial Visa partner enabling credit and debit card payment processing. Certified payment terminal provider supporting Visa contactless, chip, and magnetic stripe transactions.
• MastercardcoreTechnology or IntegrationOfficial Mastercard partner for payment card acceptance. Supports Mastercard contactless payments and card-not-present transactions.
• JCBcoreTechnology or IntegrationPartnered with JCB for international card acceptance at NextPay merchant terminals.
• EMVCocoreTechnology or IntegrationEMV standard certification holder ensuring interoperability with global payment card infrastructure.
• Vietcombank (VCB)coreTechnology or IntegrationMajor Vietnamese state-owned bank connected to NextPay QR payment and card processing network.
• VietinBank (CTB)coreTechnology or IntegrationState-owned commercial bank integrated for QR code and card payment processing.
• BIDVcoreTechnology or IntegrationLarge state-owned bank partner for payment processing and QR code acceptance.
• ACBmajorTechnology or IntegrationPrivate joint-stock commercial bank integrated into NextPay payment network.
• MB BankmajorTechnology or IntegrationMilitary Commercial Joint Stock Bank partner for payment acceptance.
• TPBankmajorTechnology or IntegrationTech-focused commercial bank integrated for digital payment processing.
• VPBankmajorTechnology or IntegrationVietnam Prosperity Bank partner for payment processing services.
• Techcombank (TCB)majorTechnology or IntegrationLarge private bank integrated for QR payments and card processing.
• MySpacoreTechnology or IntegrationSpa management software integrated with NextPay payment solutions for beauty and wellness businesses.
• PosAppcoreTechnology or IntegrationSales management application integrated with mPOS and TingBox for restaurant and retail management.
• State Bank of Vietnam (NHNN)coreOthersOfficial regulatory approval and licensing by Vietnam's central bank for payment service operations.

Scale indicators4 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• PAX Global Technology: Major global POS terminal manufacturer supplying countertop, mobile, and Android smart terminals. Comparable hardware-side to NextPay's SmartPOS, mPOS Pro, N31/N33 device lineup.
• Block (Square): Global mPOS pioneer (Square) offering integrated card readers, POS software, and business tools. Comparable to NextPay's mPOS hardware + PosApp/MySpa vertical SaaS model, though operating at vastly larger scale globally.
• Clover Network: Integrated POS and business management platform for SMBs, owned by Fiserv. Comparable to NextPay's SmartPOS + PosApp/MySpa/MySalon integrated merchant software stack.
• Verifone: Global leader in payment terminals and POS hardware, with end-to-end commerce solutions. Comparable hardware-side to NextPay's mPOS/SmartPOS product range, though serving a far larger international merchant base.

Direct peers

• SumUp: Global mPOS and integrated payments provider targeting micro/SMB merchants across multiple geographies. Comparable product/market fit with NextPay's mPOS and TapToPhone SoftPOS offerings for small merchants.
• Moca (Grab): Vietnamese in-app payment and QR acquiring platform backed by Grab, providing merchant acceptance and consumer payments. Comparable as a Vietnamese integrated payments player targeting both consumers and merchants.
• ZaloPay: Vietnamese payment platform by VNG Corporation, offering e-wallet, QR payment acceptance, and merchant services. Closely comparable to NextPay's Vimo wallet and POS acquiring offering within the Vietnamese market.
• VNPay: Vietnam's largest domestic payment gateway and QR acquirer, providing merchant payment acceptance, e-wallet, and bill payment services. Directly comparable to NextPay as a Vietnam-focused integrated payment platform serving SMEs with similar bank/QR integrations.
• 9Pay: Vietnamese payment gateway providing merchant card/QR acquiring and POS solutions. Comparable as a Vietnam-focused integrated payments platform targeting SME merchants with similar bank/card network integration.
• MoMo: Vietnam's leading consumer e-wallet super-app with merchant payment acceptance, bill payment, and financial services. Comparable as a Vietnamese integrated payment platform; competes head-on for both merchant and consumer payment flows.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/nextpay-holding-pte

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries15 records

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 NextPay Holding PTE