non-cash payment

Update news non-cash payment

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.

Fintechs to partner with telecom carriers to offer Mobile Money

The pilot program on providing the Mobile Money service is expected to increase non-cash transactions, especially in remote areas. To improve users' experience, fintechs should work with network operators, experts say.

Mobile Money: one decision benefits millions of people

With Mobile Money, people in mountainous areas or islands can remit money and make payments for goods and services through SMS on their mobile phones.

Mobile Money paves the way for sandbox mechanism: minister

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-term

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?

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 months

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 rivals

‘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 Vietnam

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-19

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-19

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 giants

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 boom

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

Coronavirus changes Vietnamese shopping habits

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 content

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 fears

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 panorama

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 Vietnam

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 year

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 users

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.