Visa, Google and banks launch Google Wallet today
With digital payments becoming the go-to choice for a seamless experience, Google Wallet is now available in Vietnam.
With digital payments becoming the go-to choice for a seamless experience, Google Wallet is now available in Vietnam.
E-wallet channel maintains strong growth in the coming time.
Government agencies are working on a legal framework for the management of cryptocurrencies and assets.
Nearly 50% of Vietnamese customers are using contactless payment, and 51% have e-wallet accounts.
Locals could make a bet via a bank account, e-wallet or mobile phone bill.
Many local shoppers have preferred online payment services to cash payment in the ongoing social distancing period.
Ant will not control more than 50% of eMonkey, but is expected to have significant influence and provide technical expertise to the e-wallet
Instead of a daily transaction limit, Vietnam’s central bank would set up a monthly limit of VND100 million (US$4,284) for e-wallet users.
The large market and great potential of the non-cash payment sector in Vietnam explain why investors keep pouring money into payment technology firms, though the firms continue making losses.