Garmin Vietnam has expanded its cooperation with 5 major banks:ACB , MB, Sacombank, Techcombank and Vietcombank to bring users more options for convenient, safe and secure one-touch payment through the Garmin Pay payment application on 22 of the company's smartwatch models.
In November 2023, Garmin Vietnam first launched Garmin Pay in Vietnam through cooperation with VPBank , receiving enthusiastic response and positive feedback from nearly 1,000 users in just 5 weeks of launch. This has become the driving force for Garmin to continue expanding the banking ecosystem to help users access this new payment method.
Garmin Pay's maximum security system also allows bank card information to be kept confidential through a transaction code for each purchase. When paying, the payment card number will not be stored on the device, on Garmin's system or sent to the seller, but based on the specific card number of each watch.
If the user takes the watch off their wrist or turns off the heart rate monitor, the watch will ask for a passcode again before making a payment. Additionally, Garmin Pay will automatically lock the wallet if the user enters the wrong passcode three times. At that point, they will have to reset the passcode in the Garmin Connect app to continue.
Garmin Pay is a contactless payment platform that helps users make transactions quickly. Built on an open platform that is not dependent on iOS and Android operating systems, this payment application does not require a connection to the phone, all users need is a compact Garmin smartwatch on their wrist. With just a simple touch on the POS machine, they can easily use and enjoy many attractive offers or service utilities that Garmin and its banking partners bring.
KIM THANH
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