Online Payment

E-commerce and livestream sales are activities that have arisen in the development of information technology.

E-wallet channel maintains strong growth in the coming time.

Digital financial services have seen healthy growth, especially in the adoption of e-wallets and account-to-account, fueled by both merchant adoption and consumer usage.

The launch of chip-embedded credit and ATM cards partly contributes to ensuring greater payment security and promoting non-cash payment methods.

E-commerce growth in Vietnam is estimated at 46% in 2020, alongside strong growth across most sectors except for travel.

The growth rate is far away from the credit growth target of 14% set by the government for this year.

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.

The local goverment expects 55% of its population to get involved in e-commerce by 2025 and the percentage is set to grow by two percentage points per year.

The Vietnamese e-commerce industry has experienced a lot of sudden changes due to the influence of Covid-19, according to a latest report by iPrice Group.

Up to 64% of respondents in Vietnam applied for online credit in 2019 at least once.