Cashless Payment

The banking industry needs to continue investing in shared payment and credit information infrastructures.

The event targets to attract young consumers to access and experience modern payment services.

The service would go through a nationwide pilot implementation phase for two years.

Mobile money services will be promoted in Vietnam, with priority given to regions where the prevalence of banking services is still low.

The request from the State Bank of Vietnam is expected to help people overcome difficulties during the Covid-19 outbreak and push cashless payment.

The Covid-19 pandemic is fostering cashless payment, making it more popular in Vietnam.

Vietnamese telecom companies are accelerating the preparation for the launching of direct carrier billing services in next few months.

As of the end of the third quarter, Vietnam has around 93.78 million bank cards in circulation, in which the majority are magnetic cards.

The Covid-19 pandemic has changed customers’ behavior and perception regarding digital banking services.

During the first four months of 2020, 57% of firms operating in the e-commerce market reported a 30% year-on-year decline in revenue.