non-cash payment

Latest News about non-cash payment

Government requests prompt trial use of Mobile Moneyicon

Government requests prompt trial use of Mobile Money

The Government has urged the use of non-cash payments and the deployment of Mobile Money as a solution. The service is still awaiting licensing.

 
Mobile Money paves the way for sandbox mechanism: ministericon

Mobile Money paves the way for sandbox mechanism: minister

FEATURE
13/03/2021

Mobile Money on a trial basis will create a precedent for applying the sandbox mechanism to other services and new professions to appear in digital society.

Large growth potential for Vietnam banking services in long-termicon

Large growth potential for Vietnam banking services in long-term

BUSINESS
16/09/2020

Many listed banks witnessed weak performance of fee income growth in the first six months of the year due to the Covid-19 pandemic.

How will mobile money affect e-wallets?icon

How will mobile money affect e-wallets?

BUSINESS
29/06/2020

Non-cash payment activities have developed strongly in recent years with many payment services such as digital banks and e-wallets.

Banking transactions, mobile payments grow sharply in Vietnam in first four monthsicon

Banking transactions, mobile payments grow sharply in Vietnam in first four months

BUSINESS
14/06/2020

Non-cash payments continue to boom in Vietnam this year as the country has seen a surge in banking transactions and mobile payments in the first four months of the year, according to an official from the State Bank of Vietnam (SBV).

E-wallet companies spend big money to beat rivalsicon

E-wallet companies spend big money to beat rivals

BUSINESS
22/05/2020

‘Bleeding money’ is the strategy that all the three biggest players – MoMo, Moca and ZaloPay – have been using to gain part of e-wallet market share.

Online payments become more popular in Vietnamicon

Online payments become more popular in Vietnam

BUSINESS
19/04/2020

Minister of Information and Communications Nguyen Manh Hung says that Covid-19 has brought great challenges, but that challenges are often associated with opportunities.

In Vietnam, fintechs thrive during Covid-19icon

In Vietnam, fintechs thrive during Covid-19

BUSINESS
16/04/2020

More people are avoiding the use of bank notes during the COVID-19 pandemic.

F&B chains in Vietnam go online or die during COVID-19icon

F&B chains in Vietnam go online or die during COVID-19

BUSINESS
16/04/2020

Many eateries have stopped serving offline and shifted to selling online during the Covid-19 pandemic.

Vietnam’s e-commerce firms spend big money to fight foreign giantsicon

Vietnam’s e-commerce firms spend big money to fight foreign giants

BUSINESS
27/02/2020

If Tiki and Sendo successfully carry out the merger, the Vietnamese e-commerce market will be the playing field for three major players. Two of them, Lazada and Shopee, are foreign invested.

With no limitation on foreign ownership, Vietnam fintech market expects to boomicon

With no limitation on foreign ownership, Vietnam fintech market expects to boom

BUSINESS
27/02/2020

The State Bank of Vietnam (SBV) plans to set no limit on foreign ownership in fintechs.

Coronavirus changes Vietnamese shopping habitsicon

Coronavirus changes Vietnamese shopping habits

BUSINESS
26/02/2020

Supermarkets all report that the number of clients buying goods online and via phones has increased sharply by 4-5 times amid the coronavirus (Covid-19) crisis.

VN telecoms firms turn to digital contenticon

VN telecoms firms turn to digital content

SCI-TECH & ENVIRONMENT
23/02/2020

Telecommunications firms are turning towards developing their own digital content, the Vietnam Telecommunications Authority (VNTA) under the Ministry of Information and Communications has said.

Residents advised to make non-cash payments amid coronavirus fearsicon

Residents advised to make non-cash payments amid coronavirus fears

BUSINESS
10/02/2020

A deputy governor of the State Bank of Vietnam has advised residents to limit the use of cash for payments and make more online transactions instead to prevent the spread of the Wuhan coronavirus, the local media reported.

The 2019 digital payment panoramaicon

The 2019 digital payment panorama

BUSINESS
16/01/2020

MoMo speeded up, Moca made a high jump with the support of the holding company, and VinID Pay extended beyond Vingroup ecosystem.

Mobile money: opportunities and challenges for Vietnamicon

Mobile money: opportunities and challenges for Vietnam

SCI-TECH & ENVIRONMENT
15/01/2020

The government decree on non-cash payment, once promulgated, will pave the way for mobile money to develop in Vietnam.

Vietnam's US$700-million cashless payment network to be operational next yearicon

Vietnam's US$700-million cashless payment network to be operational next year

BUSINESS
07/11/2019

As of present, just 40% of citizens in Vietnam have bank accounts. However, 90% of daily transactions are conducted in cash, while the rate goes up to 99% for transaction worth under VND100,000 (US$4.34).

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.