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Update news bank cards
Chip cards may minimise bank card crime in Vietnam
Replacing magnetic strip cards with chip cards is expected to resolve the long-going security issues affecting bank cards, resulting in loss of money and personal data leaks in banks.
New policies take effect this month
VietNamNet Bridge – Policies relating to smuggled tobacco, bank cards, child care and teachers’ probationary periods are set to take effect this month.
Online payment is the best choice
Nguyen Hoang Minh, deputy director of the State Bank of Viet Nam Branch in Ho Chi Minh City, talks to Hai Quan (Customs) newspaper about switching from a cash payment society to a non-cash payment society.
Mobile pay threatens banks: experts
VietNamNet Bridge – Foreign tech giants are set to jump into the mobile payments market on both the paying and receiving sides of the transaction, thus posing a threat to local commercial banks payment market share,
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.
State Bank ponders new charges
VietNamNet Bridge – Cash deposits and withdrawals at credit institutions will be charged a fee if the central bank's new draft rule on cash transactions gets approved.
High investment costs make banks reluctant to use chip cards
VietNamNet Bridge – Ignoring the advice by international card organizations about the low security of magnetic cards, most Vietnamese banks still have not shifted to use chip cards with the higher security.
