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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).
Chinese travelers in Vietnam pay with Chinese cards at Chinese Points of Sale
Chinese travelers’ payment transactions are made with Chinese cards at Chinese POS machines illegally installed in Vietnam and do not go through Vietnam’s banking system.
