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.

One of the highlights in the e-government building of Vietnam in the last two years is the inauguration of the National Public Service Portal on December 9, 2019, reported the Government Office at a meeting of the National Committee for E-Government.

Nguyen Ngoc Toan, Deputy Director-General of the Social Security Department in the Ministry of Labour, Invalids and Social Affairs, speaks on his ministry’s plan to develop a national social security system in all provinces and cities nationwide.

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.

MoMo e-wallet has been chosen as one of the payment channels for the newly-launched national public service portal, at dichvucong.gov.vn.

Venture capital funding pouring into Vietnamese fintech companies accounted for 36 percent of the total fintech investment in Southeast Asia.

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.

E-payment channels are flourushing but few people are choosing the payment channels.