Cashless payments

Update news Cashless payments

Cashless payments on the rise: convenience and security for expats in Vietnam

As digital payment methods surge in popularity, expats in Vietnam are not alone in embracing the change to cashless transactions.

Cashless payments in e-commerce to account for 50% by 2025 in Vietnam

According to a new scheme approved by the Prime Minister, the value of non-cash payments would be 25 times higher than GDP and the proportion of the payment method in e-commerce would account for 50% by 2025.

Calls for cashless payments to take-off in Vietnam

The prolonged COVID-19 pandemic has unexpectedly created "golden" conditions for the financial industry to accelerate digital transformation and shift to cashless payments.

Three mobile network providers seek permission to launch mobile money services

Three mobile network operators - Viettel, VNPT and MobiFone - have applied for the implementation of their own Mobile Money pilot projects.

Vietnamese shoppers prefer cashless payments

Transactions via mobile devices recorded a year-on-year surge of 198% in volume and 210% in value last year.

Vietnamese take increasingly to cashless payments

Non-cash payments have increased sharply, especially through mobile devices and the internet, according to the State Bank of Vietnam.

Vietnam strives to have over half of population shopping online by 2025

Vietnam is aiming to have 55 percent of its population shopping online by 2025, with average consumer spending rising to $600 per year, according to a master plan on e-commerce development for 2021-25 recently approved by Deputy PM Trinh Dinh Dung.

Cashless payments become popular amid COVID-19

Money can spread germs and bacteria, and amid the complicated developments of the novel corona virus Sars-CoV-2, many people have switched to cashless payments to protect them from unnecessary contact with contaminated money.

Further fee reductions to promote cashless payments amid COVID-19

The fees for fast interbank fund transfers will be cut for the second time this year to promote cashless payments amid the rapid spread of the COVID-19 outbreak, the National Payment Corporation of Vietnam (NAPAS) announced on March 16.

Vietnam sets cashless payments as top priority for 2020

The State Bank of Vietnam (SBV) has issued a resolution to boost cashless payments in the country.

Promoting cashless payments to boost internet economy in Vietnam

Cashless payments would not only increase of the circulation of capital, it would also help boost the internet economy, said Deputy Prime Minister Vu Duc Dam.