Vietnam gov't to look into Mobile Money project this month
The banking authority has worked with relevant ministries and branches in launching direct carrier billing service.
The banking authority has worked with relevant ministries and branches in launching direct carrier billing service.
Over 50% of the Vietnamese population does not have a payment account at banks, therefore, mobile money would offer a non-cash payment method for a large base of customers.
By the end of 2020, all commercial banks are required to meet Basel II standards, a condition for local lenders to expand their respective credit growth limit and increase registered capital.