Illustrative image (Photo: VNA) Hanoi (VNA) – More than 463,000 people have used Mobile Money as of February 11, over one month after the Viettel Military Industry and Telecoms Group (Viettel) and the Vietnam Posts and Telecommunications Group (VNPT) launched the cashless payment service, according to theMinistry of Information and Communications.
Sofar, 77,200 establishments have accepted this payment method nationwide, the ministry said.
To popularise the service to the public, Viettel has setup 80,000 points to provide consultations and support customers in registering andusing the service.
Mobile Money is expected to be a push towards cashlesspayment in Vietnam, a country where only 50 percent of the population have abank account, and most people pay for goods valued at less than 100,000VND (4.41 USD) by cash.
Thedevelopment of Mobile Money will help promote digital transformation, andexpand the use of cashless payment services to most people, especiallythose in remote, mountainous and rural areas.
Theministry will build mechanisms to promote, manage andsupervise the deployment of Mobile Money service this year.
It will also continue to encouraging telecom service operators to transformtelecommunications infrastructure into digital infrastructure which will significantlycontribute to developing e-Government, digital economy and society./.
