Mobifone greenlighted to pilot Mobile Money services
The mobile carrier is set to provide the service at 600 stores and distributors in the first phase, with the view of expanding to 10,000 dealers during two years of pilot implementation.
The mobile carrier is set to provide the service at 600 stores and distributors in the first phase, with the view of expanding to 10,000 dealers during two years of pilot implementation.
It is a golden time to invest in Vietnam's e-payment service.
Mobile money services will be promoted in Vietnam, with priority given to regions where the prevalence of banking services is still low.
Further support is needed from policymakers to provide both legal and infrastructure means to boost e-payment in Vietnam.
Many banks are on the brink of losing their market shares in case they lag behind in the digitalization process.
Online payment is essential as the government targets to provide at least 30% of online public services at advanced stages of 3 and 4 in 2020.
Hanoi aims to have 100% of enterprises using e-invoices before September 30, 2020.
Locals could make a bet via a bank account, e-wallet or mobile phone bill.
Vietnam's national digital transformation program targets 80% of the population having e-payment accounts by 2030.
Following 48 straight day period without new cases of Covid-19 infection, the majority of social activities have returned to normal, said Prime Minister Nguyen Xuan Phuc.