cashless payment

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Digital payments increase but cash payments are still popular in Vietnamicon

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.

 
Increasing cashless payments and the need for better cybersecurityicon

Increasing cashless payments and the need for better cybersecurity

BUSINESS
14/06/2021

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 Pacificicon

Cash payment habits change in Asia Pacific

BUSINESS
09/05/2021

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

E-wallet, QR Code favored by Vietnameseicon

E-wallet, QR Code favored by Vietnamese

BUSINESS
02/05/2021

Forms of digital payment have become more popular in Vietnam, particularly e-wallets and QR codes.

Schools in HCM City urged to go cashlessicon

Schools in HCM City urged to go cashless

SOCIETY
11/08/2020

HCM City’s education and training sector plans to embrace electronic payments at the kindergarten, primary, secondary and high school education levels by 2022.

E-wallet firms battle for slice of cashless payment pieicon

E-wallet firms battle for slice of cashless payment pie

BUSINESS
04/08/2020

E-wallets firms are battling for a piece of the cashless payment market amid rapid growth in the context of the COVID-19 pandemic.

HCM City hospitals switch increasingly to cashless paymenticon

HCM City hospitals switch increasingly to cashless payment

SOCIETY
09/07/2020

The shift towards electronic payment is now an established trend with half of HCM City’s public hospitals embracing it, health authorities have said.

HCM City seeks faster switch to cashless paymenticon

HCM City seeks faster switch to cashless payment

BUSINESS
01/07/2020

Nguyen Anh Duc, general director of Saigon Co.op, said the rate of cashless payment at its system, including Co.opmart, Co.opXtra, Co.op Food, and Co.op Smile, has increased sharply since last year from 3-5 percent to nearly 21 percent now.

Vietnam credit growth slows to 2.13% in 6-month periodicon

Vietnam credit growth slows to 2.13% in 6-month period

BUSINESS
18/06/2020

Credit demand in Vietnam is expected to stay low in the foreseeable future as the Covid-19 pandemic continues to be complicated globally, said a central banker.

Vietnamese Govt to keep pushing for cashless paymenticon

Vietnamese Govt to keep pushing for cashless payment

BUSINESS
15/06/2020

Non-cash payments have increased sharply in recent time in Viet Nam, but more efforts are needed to increase their rate, experts said.

VN central bank asks for cut in electronic fund transfer feesicon

VN central bank asks for cut in electronic fund transfer fees

BUSINESS
02/04/2020

The State Bank of Vietnam (SBV) on March 31 issued a directive to reduce the fees for transactions via interbank electronic payment system by 50 percent for local banks.

Mobile money to add up 0.5 ppts to Vietnam economic growthicon

Mobile money to add up 0.5 ppts to Vietnam economic growth

BUSINESS
24/02/2020

Over 50% of the Vietnamese population does not have a payment account at banks, therefore, mobile money would offer a non-cash payment method for a large base of customers.

Banks, fintech firms promote cashless payments during epidemicicon

Banks, fintech firms promote cashless payments during epidemic

BUSINESS
10/02/2020

To prevent the spread of the new strain of coronavirus in Vietnam, customers are encouraged to adopt cashless payment methods.

Vietnamese consumers interested in biometric authentication payments: Visaicon

Vietnamese consumers interested in biometric authentication payments: Visa

BUSINESS
13/01/2020

According to the research, 95% of respondents had used fingerprint recognition in the past to make a payment—making it the most popular form of biometric authentication.

Strong e-payment growth recorded in 2019icon

Strong e-payment growth recorded in 2019

BUSINESS
03/01/2020

Cashless payments grew strongly in 2019, with 635,000 transactions worth a total of VND380 trillion recorded each day, according to statistics from the State Bank of Vietnam (SBV).

Costly investment required to entice Vietnamese QR code usersicon

Costly investment required to entice Vietnamese QR code users

BUSINESS
05/11/2019

E-wallet firm MoMo launched a cashback programme on November 3 with value of up to 100,000 VND (4.30 USD) per transaction and for four transactions daily at most.

Contactless payment could be next big thing in Vietnam: expertsicon

Contactless payment could be next big thing in Vietnam: experts

BUSINESS
15/10/2019

Contactless payment is becoming trendy in Vietnam thanks to the growth of technology and the country’s young population.

Cashless payments record strong growth in Vietnamicon

Cashless payments record strong growth in Vietnam

BUSINESS
11/07/2019

The number of non-cash payments in Vietnam has steeply risen so far this year.