PayTech
PayTech JSC is a Vietnamese licensed payment intermediary operating the Vitapay e-wallet, Payment Gateway, utility cash-collection service, and Mypoint point-based loyalty platform for consumers, banks, EVN, and telecom partners across Vietnam.
- Company typePrivate
- Founded2016
- HeadquartersHanoi, Vietnam
- Headcount51–100
- GTM typeB2B and B2C
- OfferingSoftware
What PayTech does
PayTech Joint Stock Company is a licensed Vietnamese payment intermediary founded in 2016 as a subsidiary of Vietnamnet Icom and headquartered in Hanoi. The company operates three core rails — a Vitapay e-wallet, a Payment Gateway (domestic cards via NAPAS and international cards), and a Cash Collection and Payment Support service — plus a Point-Based Loyalty Platform branded around Mypoint and Epoint. Distribution runs through two motions: a product-led Vitapay consumer app (available on Google Play and Apple App Store) and an enterprise B2B channel delivering cash collection and gateway services to banks, EVN regional utilities, and Vietnamese telecommunications conglomerates.
The platform is built on direct integrations with 10+ Vietnamese banks (BIDV, Sacombank, VPBank, MSB, MB, PVcomBank, Vietcombank, Vietinbank), the NAPAS national switch, and all five EVN regional utilities. PayTech is licensed by the State Bank of Vietnam (License No. 32/GP-NHNN, January 2019) and holds PCI DSS Level III certification (2021), giving it the regulated and security credentials to process payment volumes and merchant settlements. The Vitapay e-wallet supports 24/7 deposit, withdrawal, transfer, phone recharge, and bill payment; the loyalty layer overlays a shared-points model with 100+ merchants and up to 30% point accumulation, integrated with TelCo ecosystems (notably Mobifone for Mypoint).
PayTech monetizes through transaction fees on e-wallet operations (including a 0.5% withdrawal fee above a 20M VND monthly threshold), payment gateway processing fees, cash collection service fees from utility contracts, and loyalty platform usage. Revenue is not publicly disclosed. The company employs 51–100 people and operates exclusively in Vietnam, with a multi-language (Vietnamese, Korean, Japanese, English) digital presence suggesting intent to serve foreign users and tourists transacting domestically.
PayTech firmographics
Firmographics- Name
- PayTech
- Legal name
- PayTech Joint Stock Company
- Website
- https://paytech.vn
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- PayTech JSC is a Vietnamese licensed payment intermediary operating the Vitapay e-wallet, Payment Gateway, utility cash-collection service, and Mypoint point-based loyalty platform for consumers, banks, EVN, and telecom partners across Vietnam.
- Ownership category
- akta.pro rank
PayTech industry classification
Industry- Product category
- Mobile Payment Solutions
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- Integrated Payment Processors (PSP/Acquirer) (FSAMABAA)
- akta.pro secondary industries
- Bank-to-Bank Transfers & Pay-by-Bank (Consumer & Merchant) (FSAMAFAC), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)
Keywords
Where PayTech is headquartered
LocationHeadquarters
- HQ city
- Hanoi
- HQ country
- Vietnam
- HQ region
- Asia
Offices1 record
Markets served
PayTech business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Payment Gateway Services: Transaction fees from payment gateway services connecting merchants, banks, and customers. Supports domestic and international card payments.
- E-Wallet Services: E-wallet services generating revenue through transaction fees including deposits, withdrawals, and transfers. Withdraw fee of 0.5% applies when monthly withdrawals exceed 20,000,000 VND.
- Loyalty Program Platform: Point-based loyalty platform enabling merchants to collaborate in shared loyalty ecosystem. Revenue derived from platform usage and merchant partnerships.
- Cash Collection Services: Support service for cash collection and payment, particularly for utilities like electricity bills (EVN).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Free E-wallet Registration |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels4 records
PayTech product offering
Product offeringCore offering
PayTech Joint Stock Company is a licensed Vietnamese payment intermediary offering three core services: a Vitapay e-wallet for consumers (deposits, withdrawals, transfers, bill payments, phone recharge, bank linking, operating 24/7), a Payment Gateway connecting merchants, banks and customers via domestic and international cards through NAPAS, and Cash Collection/Payment Support services for utility providers. It also operates a Point-Based Loyalty Platform (Mypoint) shared across 100+ merchants with up to 30% point accumulation, underpinned by direct integrations to 10+ Vietnamese banks.
Product overview
PayTech operates as a payment intermediary platform with a modular architecture comprising three core services (Payment Gateway, E-Wallet, and Cash Collection/Payment Support) supplemented by loyalty products. The Vitapay e-wallet serves as the primary consumer-facing product, integrating with the Payment Gateway to enable domestic and international card transactions. The Point-Based Loyalty Platform (including Mypoint and Epoint sub-brands) operates on top of this payment infrastructure, creating a unified ecosystem where users can earn and redeem points while making payments. Strategic partnerships with Vietnamese telecommunications conglomerates (TelCos) and financial institutions enable the cross-brand loyalty model.
Differentiator
Problem solved
Functional benefit
Brands
- Vitapay: E-wallet service providing deposit, withdraw, payment, phone recharge, bill payment, and money transfer services with 24/7 automatic operation.
- Mypoint
Products and services
- Vitapay E-Wallet A digital e-wallet mobile application enabling free self-serve registration and 24/7 automated deposits, withdrawals, money transfers, bank linking, phone recharge and bill payments (electricity, water); targeted at individual Vietnamese consumers for everyday non-cash transactions.
- Payment Gateway An intermediate payment gateway connecting merchants, banks and customers to process non-cash payments via domestic and international cards (including through Epoint, MyPoint and Vitapay channels); targeted at enterprises, merchants and financial institutions requiring payment processing integration.
- Cash Collection and Payment Support Service An outsourced service for utility cash collection and payment support, including electricity bill collection; targeted at utility companies (notably all 5 EVN regional subsidiaries) requiring nationwide cash collection infrastructure.
- Point-Based Loyalty Platform (Mypoint) A digital, shared point-based loyalty program that enables multiple merchants to collaborate in a single program with up to 30% point accumulation at 100+ partner brands; targeted at merchants/retailers seeking cross-brand customer acquisition and retention, and end consumers earning points across the ecosystem.
Quantifiable outcome
- Point accumulation rate of up to 30% at partner merchants
- +3 more outcomes
Companies that use PayTech
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles4 records
PayTech technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration9 records
AI capability2 records
Feature5 records
PayTech partnerships and signals
Strategic signalPartnerships
16 partnerships are on record, tiered major and core.
- EVNNPCmajorSupporting cash collection for EVNNPC (Northern Power Corporation) aiming to cover all 5 EVN regions in Vietnam.
- EVNSPCmajorSupporting cash collection for EVNSPC (Southern Power Corporation) aiming to cover all 5 EVN regions in Vietnam.
- VPBankmajorDirect connection expanded with VPBank as part of 5+ bank connections in 2021 for e-wallet and payment gateway services.
- MSB (Marine Securities Bank)majorDirect connection with MSB as part of bank expansion in 2021 for e-wallet and payment gateway integration.
- MB BankmajorDirect connection with MB Bank as part of 5+ bank connections expanded in 2021.
- PVcomBankmajorDirect connection with PVcomBank as part of bank network expansion in 2021.
- VietcombankmajorDirect connection with Vietcombank as part of 5+ bank connections expanded in 2021.
- VietinbankmajorDirect connection with Vietinbank as part of 10+ bank connections by 2022.
- EVNHCMcoreSupporting cash collection for EVNHCM (Ho Chi Minh City Electricity) since 2021.
- NAPAScorePayment Gateway connected with NAPAS (National Payment Corporation of Vietnam) in 2020, enabling domestic payment processing.
- EVNHANOIcorePayTech serves as cash collection supporter and strategic customer care partner for EVNHANOI since 2020.
- BIDVcoreDirect connection established between PayTech e-wallet and BIDV bank in 2019, enabling seamless fund transfers and payment processing.
- SacombankcoreDirect connection established between PayTech e-wallet and Sacombank in 2019, enabling seamless fund transfers and payment processing.
- Vietnamese TelCo ConglomeratescorePayTech has formed valuable and exclusive partnerships with leading Vietnamese Telecommunication Conglomerates (TelCos) to develop and offer enhanced services. These are strategic co-development partnerships for loyalty business and payment services.
- Vietnamnet IcomcorePayTech was established in 2016 as a subsidiary of Vietnamnet Icom, indicating corporate parent relationship.
- 100+ Partner MerchantsmajorPayTech's Mypoint loyalty platform enables multiple merchants to collaborate within a single digital-first program. Strategic alliances with merchants form the ecosystem with 100+ brands.
Scale indicators7 records
Recent moves5 records
Expansion highlights5 records
PayTech competitors and assessment
Company assessmentDirect peers
- ZaloPay: E-wallet operated by VNG backed by the Zalo super-app ecosystem; offers payment, transfers, and merchant services in Vietnam, competing with PayTech on consumer wallet adoption and merchant payment gateway integrations.
- Moca (Grab): Grab-owned payment wallet operating in Vietnam with merchant QR acceptance and consumer payment services; directly comparable consumer wallet and merchant payment gateway offering within Vietnam.
- ViettelPay (Viettel Money): TelCo-backed e-wallet from Viettel, one of Vietnam's largest telecom operators; competes directly with PayTech's Vitapay on consumer wallet adoption and benefits from TelCo distribution similar to PayTech's exclusive TelCo partnerships.
- MoMo: Vietnam's largest consumer e-wallet offering bill payment, money transfer, merchant payments, and a loyalty/partner ecosystem; directly comparable to PayTech's Vitapay e-wallet consumer use cases and merchant network.
- VNPay: Vietnam's leading payment intermediary and QR payment network, offering payment gateway, merchant acquiring, and bank connectivity that directly overlaps with PayTech's core Payment Gateway and e-wallet services for both merchants and consumers in Vietnam.
- ShopeePay: E-wallet tied to Shopee's e-commerce platform in Vietnam offering consumer payments, transfers, and merchant acquiring; competes for the same digital wallet consumer mindshare and merchant payment integrations.
- Vietnam Endenred: Also licensed as a payment intermediary in January 2019 with PayTech; offers prepaid, meal voucher, and digital payment solutions to Vietnamese enterprises—overlapping in B2B payment/benefit distribution and merchant acceptance.
- SmartNet Trading Service JSC: Co-licensed alongside PayTech in January 2019 by the State Bank of Vietnam as a payment intermediary; operates in the same Vietnamese payment gateway and e-wallet space with overlapping target customers.
Others
- NAPAS: Vietnam's national payment switch and PayTech's integration partner; not a direct competitor but adjacent infrastructure provider whose interchange rules and pricing directly affect PayTech's payment gateway unit economics.
Broad incumbents
- Samsung Pay Vietnam: International mobile payment platform with presence in Vietnam; not a direct wallet competitor but represents a broader incumbent alternative for digital payments that could constrain PayTech's consumer wallet adoption.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
PayTech social profiles
Digital presencePayTech compliance and trust
Trust signalCompliance3 records
PayTech financial estimates
Financial estimateRevenue estimate
Valuation estimate
PayTech leadership team
Management profileNumber of profiles
PayTech funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PayTech M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PayTech
What does PayTech do?
PayTech Joint Stock Company is a licensed Vietnamese payment intermediary offering three core services: a Vitapay e-wallet for consumers (deposits, withdrawals, transfers, bill payments, phone recharge, bank linking, operating 24/7), a Payment Gateway connecting merchants, banks and customers via domestic and international cards through NAPAS, and Cash Collection/Payment Support services for utility providers. It also operates a Point-Based Loyalty Platform (Mypoint) shared across 100+ merchants with up to 30% point accumulation, underpinned by direct integrations to 10+ Vietnamese banks.
Is PayTech a public or private company?
PayTech is a private company. It is classified as corporate owned and is currently operating.
When was PayTech founded?
PayTech was founded in 2016. It employs 51 to 100 people.
Where is PayTech based?
PayTech is headquartered in Hanoi, Vietnam, in the Asia region.
How does PayTech make money?
Four revenue lines are on record. Payment Gateway Services are the primary driver. The others are E-Wallet Services, loyalty Program Platform and cash Collection Services.
Who are PayTech's main competitors?
Direct peers on record are ZaloPay, Moca (Grab), ViettelPay (Viettel Money), MoMo, VNPay, ShopeePay, Vietnam Endenred and SmartNet Trading Service JSC. NAPAS is listed as an others. Samsung Pay Vietnam is listed as a broad incumbent.
Does PayTech have an API?
No public API is recorded for PayTech.
What industry is PayTech in?
PayTech's product category is Mobile Payment Solutions. Its primary akta.pro industry code is FSAMABAA, Integrated Payment Processors (PSP/Acquirer), with a secondary code of FSAMAFAC, Bank-to-Bank Transfers & Pay-by-Bank (Consumer & Merchant). Its NAICS code is 52232 and its SIC code is 6159.