ShopeePay Enhances Security and Regulatory Compliance with IDCheck from FPT eID

Apr 08, 2025

Introduction 

As the e-commerce and digital payment sectors experience robust growth in Vietnam, user identity verification has become a mandatory requirement to prevent fraud and protect digital assets. With millions of daily transactions, ShopeePay, developed by Shopee, one of Vietnam's most popular e-wallets, must ensure its system is sufficiently secure and compliant with current legal regulations. 

To address this challenge, after considering various partners providing digital authentication solutions in Vietnam, ShopeePay confidently selected FPT.IDCheck - a chip-embedded citizen ID card authentication solution from FPT eID, which optimizes user experience while ensuring absolute security protection. 

Challenges 

ShopeePay faced two critical challenges: 

  1. Legitimate Account Control: With a large number of new users registering daily, ShopeePay needed a robust and reliable mechanism to authenticate user identities, ensure valid accounts, and minimize fraud risks. 

  1. Regulatory Compliance: According to Directive 119/CĐ-TTg from the Prime Minister requiring e-commerce and digital payment platforms to strengthen user control, and Circular 39/2014/TT-NHNN from the State Bank of Vietnam mandating that all e-wallet users must verify their account information, ShopeePay needed to address these regulatory requirements. 

Confronting these major issues, without an automated, accurate authentication solution delivering high efficiency, ShopeePay would face limitations in expanding its digital financial ecosystem safely and in compliance with legal requirements. 

Solution: Integration of FPT.IDCheck into ShopeePay 

To resolve these issues, ShopeePay integrated FPT.IDCheck - a chip-embedded citizen ID card authentication solution directly into the ShopeePay application. 

The operational process of FPT.IDCheck in the ShopeePay application: 

  1. Users simply scan their chip-embedded citizen ID card through the ShopeePay application 

  1. The system extracts and cross-references data with official sources to confirm identity 

  1. ShopeePay ensures account validity, minimizing fraud risk 

This solution not only helps ShopeePay control accounts more effectively but also enhances user experience through a rapid, accurate user verification process. 

Results: Safer and More Convenient Payments on ShopeePay 

The implementation of FPT.IDCheck has helped ShopeePay achieve several important benefits: 

  1. Enhanced Account Security: User identity verification prevents account impersonation, protecting users from financial fraud risks. 

  1. Meeting Legal Requirements: ShopeePay users are required to verify their accounts in accordance with State Bank of Vietnam regulations, helping the platform operate transparently under state management. 

  1. Personalized Customer Experience in Payment Processing:  

  • Adjustable transaction limits based on personal needs
  • Exclusive ShopeePay promotions and offers
  • Activation of biometric authentication (facial recognition, fingerprint) for enhanced transaction security 

Conclusion 

With the support of FPT.IDCheck, ShopeePay has not only improved customer identity verification efficiency but also built user confidence when conducting electronic transactions. This is considered an important step in helping ShopeePay shape the future of secure, convenient, and sustainable digital finance in Vietnam. 

Don't miss these