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Lawmakers are gathering comments on a draft amending the Law on E-Transactions, and insiders comment that the draft needs revisions to be more practical.

Digital Bank Cake & Consumer Platform Be signs cooperation agreement with Viettel Money

Cake by VPBank digital bank and Be the on-demand multi-service consumer platform have inked a comprehensive cooperation agreement with Viettel Money - Viettel Group's digital financial and commercial ecosystem.

Cashless payments take over the streets

Cashless payments made through scanning QR codes or other online payment methods at grocery stores or roadside eateries are becoming a bigger habit of many Vietnamese consumers.

Vietnam to release strict regulation on cashless payment

The Standing Economic Committee of the National Assembly yesterday held a meeting to review the draft amended Law on Anti-Money Laundering (AML).

Payment via bank transfer: compulsory for real estate transaction, ministry proposes

The Ministry of Finance has proposed a regulation be brought in to ensure payments for all real estate transactions are carried out via bank...

Generation Z and the future of cashless payments

According to statistics of the Vietnam Banks Association (VNBA), non-cash payment activities via the Internet grew by 48.8% in volume and 32.6% in transaction value in 2021 compared to 2020.

E-wallets: new competition emerges amid pandemic

Scanning a code to pay for products and services has become popular among consumers in Vietnam’s big cities. Under the impact of the Covid-19 pandemic, non-cash payments have been growing rapidly.

The beginnings of a smart-city model

Ho Chi Minh City, Hanoi, Da Nang, Nha Trang and Binh Duong are implementing administrative reforms to launch and speed up smart city projects to attract more foreign investors.

Contactless economy: unexpected momentum and the future at hand

It's been two years since the Covid-19 pandemic turned the world upside down. The usual daily life is restricted, but that was the impetus for the new normal such as "no contact" and "social distancing" to appear.

74% in VN want OTP for every e-payment transaction: Kaspersky study

More than three in five (67 per cent) users of digital banking and e-wallet apps in Southeast Asia prefer one-time-passwords by SMS for every transaction, a recent Kaspersky research has found.

Cashless society gets closer as Vietnam digital banking gathers pace

One major “side effect” of the COVID-19 pandemic, amidst the unprecedented toll that it has exacted, is that it has catalysed digital transformation across all sectors, particularly in financial services.

Revenue, number of users of e-wallets double

Over the past two years, the pandemic has had a strong impact on digital transformation in general and cashless payments in particular.

Mobile payment: new trend in Vietnam

Buyers nowadays only need to scan a QR code by their phones to pay for items, and shops have even stopped accepting cash payments.

Vietnam sees boom in e-wallet market

Vietnam records one of the highest e-payment growth rates in the world, about 35% per year.

Use of Fintech services rises 3.5 times in 4 years in Vietnam

In only four years, the rate of Vietnamese using services of Fintech companies has increased from 16% to 56%. 

Vietnam aims to become a cashless country

Vietnam will continue to implement new technologies and policies in its bid to become a cashless country, said banking experts and policymakers in a conference on Friday discussing the current situation of cashless technology in the country.

Digital payments increase but cash payments are still popular in Vietnam

Data shows that the Covid-19 pandemic has strongly promoted non-traditional forms of spending, but the use of cash is still high.

Banking agents: caution will not create breakthrough

State Bank of Vietnam is drafting a decree on non-cash payments which will replace Decree 110/2014. One of the expected policies of the decree is on payment agents, or banking agents.

Increasing cashless payments and the need for better cybersecurity

Vietnam is marching towards becoming a cashless society with new methods of electronic payments being deployed widely, but security risks come hand in hand with new technologies and applications.

Cash payment habits change in Asia Pacific

Under the impact of the Covid-19 epidemic, the interest in new payment technologies is growing in the Asia-Pacific region.