DongA Bank has deployed another 17 auto banking transaction points in Ho Chi Minh City since June 2, bringing the total number to 42 across the country.

The auto banking system is an automatic transaction bank model that serves customers all around the clock, allowing most bank transactions.

Deputy Director of the State Bank Vietnam (SBV) branch in HCM City, Nguyen Hoang Minh, highlighted the automation of banking services as part of the SBV’s plan to reduce cash transactions in the 2011-2015 period. These are expected to make up below 11 percent of total payment methods by the end of the year, he added.

According to Tran Phuong Binh, General Director of DongA Bank, the model was first introduced in Vietnam in 2010 and deployed in 2012 by a number of banks.

The lender plans to deploy more than 150 auto banking transaction points across the country by the end of this year, Binh added.-VNA