HTP Group

What HTP Group does

HTP Group is a Vietnam-based fintech company, established on January 3, 2019 and headquartered in Yen Hoa Ward, Hanoi, that operates the HPay brand of licensed payment intermediary services. The company received its payment intermediary service license from the State Bank of Vietnam on January 7, 2022, authorizing it to provide electronic payment gateway and e-wallet services domestically. HTP Group underwent an ownership transfer on April 15, 2021, ahead of the license grant and commercial launch of HPay.

HPay's product suite comprises four interconnected services built on a single licensed payment infrastructure: an e-wallet (Ví điện tử HPay) identified by phone number for individual and enterprise accounts; a payment gateway (Cổng thanh toán HPay) supporting domestic ATM cards and three international networks (Visa, Mastercard, JCB); a collection service (Thu hộ) for merchants; and e-commerce services (Thương mại điện tử) covering retail, F&B, schools, and other verticals. The platform is PCI DSS-compliant and maintains dedicated information security capacity, as evidenced by mid-2025 hiring for an Information Security Specialist with OWASP and penetration-testing expertise.

HTP Group monetizes through transaction fees on payment processing, e-wallet, and gateway services, distributing to individual consumers via a self-serve mobile app and to enterprises via direct sales for gateway integration. The company is privately held with no disclosed external funding, no public ownership structure, and no named institutional investors. Active recruitment in mid-2025 across IT, finance, and security roles indicates ongoing investment in operational and compliance capacity. Customer logos, transaction volumes, and revenue figures are not publicly disclosed.

Name

HTP Group

Legal name

HTP Group

Website

https://htpgroup.com.vn

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

51–100 employees

Short description

HTP Group is a Hanoi-based licensed Vietnamese fintech operating the HPay brand, providing e-wallet, payment gateway, collection, and e-commerce services to individual consumers and enterprise merchants under a State Bank of Vietnam payment intermediary license.

Ownership category

akta.pro rank

Product category

Digital Payment Services

NAICS

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

SIC

Finance Services (6199)

akta.pro primary industry

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

akta.pro secondary industries

Integrated Payment Processors (PSP/Acquirer) (FSAMABAA), Card-Not-Present / eCommerce Acquirers (FSAMABAD)

Keywords

• Payment intermediary services
• Electronic wallet services
• Payment gateway solutions
• Cashless payment infrastructure
• Digital payment processing

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Payment Intermediary Services: HTP Group operates as a licensed payment intermediary service provider (trung gian thanh toán) in Vietnam. Revenue is generated through transaction fees from payment processing, e-wallet services, and payment gateway services.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

HTP Group operates the HPay-branded payment intermediary platform in Vietnam, providing an e-wallet for individual consumers and a payment gateway for merchants that processes domestic ATM card and international card (Visa, Mastercard, JCB) transactions. The company also delivers collection (Thu hộ) services and e-commerce enablement, all built on PCI DSS-compliant infrastructure licensed by the State Bank of Vietnam.

Product overview

HTP Group operates a unified fintech platform under the HPay brand, comprising multiple interconnected payment services. The core offering includes an e-wallet (Ví điện tử HPay) for individual and business customers, a payment gateway (Cổng thanh toán HPay) supporting domestic bank cards and international cards (Visa, Mastercard, JCB), collection services (Thu hộ), and e-commerce services. All HPay products are built on the same licensed payment infrastructure and share a unified ecosystem for merchants and consumers.

Differentiator

Problem solved

Functional benefit

Brands

• HPay E-Wallet: Electronic wallet service for individual and business customers, using phone number as account identifier for online transactions within HPay ecosystem and merchant network.
• HPay Payment Gateway
• HPay Collection Service (Thu hộ)

Products and services

• HPay E-Wallet (Ví điện tử HPay) Electronic wallet application providing digital payment services for individual and enterprise customers in Vietnam, with accounts identified by phone numbers for online transactions within the HPay ecosystem and at HPay-accepting merchants.
• HPay Payment Gateway (Cổng thanh toán HPay) Electronic payment gateway service enabling merchants and businesses to accept payments via domestic ATM cards and international cards (Visa, Mastercard, JCB) for goods and services.
• HPay Collection Services (Thu hộ) Payment collection service for collecting payments on behalf of merchants and businesses within the HPay ecosystem.
• HPay E-Commerce Services (Thương mại điện tử) E-commerce services with an expanding business network covering retail, F&B, schools, and other service industries across Vietnam, integrated within the HPay ecosystem.

Quantifiable outcome

• HPay contributes to promoting cashless economy and digital transformation in Vietnam

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators3 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• Stripe: Global merchant payment gateway and processing platform serving online businesses. Comparable product functionality to HTP's HPay Payment Gateway (API/hosted checkout, multi-card acceptance) but at vastly larger global scale.
• Adyen: Global integrated payment processor offering merchant acquiring and gateway services across many markets. Comparable technology and business model to HTP's integrated gateway offering, though operating at global scale with multi-currency and enterprise focus.

Direct peers

• PayME: Vietnamese licensed payment intermediary offering consumer wallets and merchant payment solutions. Directly comparable as a domestic payment intermediary competing for the same merchant and consumer segments as HPay.
• VNPay: Vietnam's dominant payment gateway and QR payment network, licensed by the State Bank of Vietnam. Competes directly with HPay on merchant payment acceptance and online payment processing for Vietnamese merchants.
• Ngân Lượng (NganLuong.vn): Vietnamese licensed online payment gateway and e-wallet serving merchants and consumers. Direct functional peer to HPay's payment gateway and e-wallet services in the same domestic market.
• MoMo: Leading Vietnamese e-wallet and payment super-app that competes directly with HPay on consumer payments, merchant acceptance, and payment gateway services within Vietnam. Same regulatory regime and target customers.
• ZaloPay: Vietnamese e-wallet and payment gateway operated by VNG, licensed by SBV. Direct competitor on consumer e-wallet accounts, merchant gateway integration, and online payment processing for Vietnamese merchants and consumers.
• Viettel Money (ViettelPay): Telco-backed Vietnamese e-wallet and payment service from Viettel, licensed by SBV. Competes with HPay on consumer wallets and merchant payment services, leveraging Viettel's distribution scale.
• Napas: Vietnam's national payment switch operated under SBV oversight, providing domestic ATM card routing. HTP integrates with the domestic card network for its gateway, making Napas a key infrastructure counterparty and functional peer in domestic card processing.

Emerging players

• 2C2P: Southeast Asian payment processor and gateway operator serving merchants across multiple regional markets. Comparable business model to HTP's payment gateway offering but with broader regional coverage and larger merchant base.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@hpay.com.vn
• Facebookfacebook.com/hpay.com.vn
• LinkedInlinkedin.com/company/htp-group-jsc

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about HTP Group