Business

Efforts needed to increase cashless payments in remote areas

Measures to expand the use of cashless payments in rural and far-flung areas were discussed at a seminar hosted by the Government News on December 13.
Efforts needed to increase cashless payments in remote areas ảnh 1Speakers at the seminar (Photo: VNA)
Hanoi (VNA) – Measures to expand the use of cashless payments inrural and far-flung areas were discussed at a seminar hosted by the GovernmentNews on December 13.

Pham Anh Tuan, Director of the Payment Department under theState Bank of Vietnam, said that Vietnam has gained achievements in implementingnon-cash payments in remote, rural and island areas.

As of late September, there were 2.34 million mobile money subscribers, ofwhich 1.62 million, or 69.2%, were from rural and island areas.

To date, three service providers, Viettel, VNPT and MobiFone,have established more than 82,200 transaction points, and there are currentlymore than 14,500 units accepting cards. At present, around 15 million mobilemoney transactions with a total value of nearly 950 billion VND (40.38 millionUSD) have been made.

With just phone numbers, users across the country can makecashless transactions easily through a Mobile Money account, regardlessof internet connection or bank account.

Truong Quang Viet, Deputy Director General of ViettelDigital, said that potential remains huge for mobile money development inVietnam.

Viettel Digital expects to have 2 million mobile money usersby the end of this year, 60% of whom live in rural and far-flung areas, headded./.
VNA
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