atms

Update news atms

The State Bank of Vietnam is is urgently working with relevant ministries to finalise the pilot programme of utilising telephone subscription accounts to make small payments, or mobile money.

VN banks issues more chip cards for security

Despite high costs, domestic banks are issuing more chip cards that meet EMV standards to replace magnetic strip cards in order to improve security and meet the central bank’s regulations.

VN banks race to lower service fees

A number of local commercial banks, including major players, have reduced and even eliminated service fees to attract more service users and depositors.

 

BUSINESS IN BRIEF 14/2

 Extra VND40 trillion for Tet cash withdrawals; OV help sought to boost farm exports; More time sought for Uber partners to complete procedures; Eximbank gets approval for mPOS service; Textile firms face high turnover

BUSINESS IN BRIEF 15/12

PVN extracts more crude despite falling prices; Standard Chartered issues bonds for Masan; Sacomreal issues shares to raise capital; Government bond yield rises; State fertiliser firm raises $74m in IPO; Debt trading company increases charter capital

Bankers add new fees for card services, as customers cry foul

VietNamNet Bridge – Banks have begun charging fees on the card services, which has met public opposition.

Bankers hesitant on upgrading ATMs to Windows 7

 VietNamNet Bridge – Though Microsoft ended its support for Windows XP on April 8, Vietnamese banks are making no move to tighten security by upgrading their ATMs to Windows 7.

In Vietnam, card holders bear 17 kinds of fees

Vietnamese keep indifferent to the banks’ plan to modernize the payment methods, a step towards the non-cash economy, because the 17 existing kinds of fees have been burdening them.

State Bank to issue fines if ATMs fail to deliver

Commercial banks that fail to ensure smooth and stable operation of their automatic teller machine (ATM) systems during the coming lunar new year holiday will be fined,