Illustrative photo. (Source: VNA)They include a rap competition, an online game entitled “Dau truong khong tien mat” (Cashless battle), and webinars on personal financial management tools for students and Vietnam striving to become a cashless nation.
Various special deals are being offered to non-cash shoppers by a number of lenders, payment intermediaries, online marketplaces, service providers and retailers throughout this month.
In July, the Saigon Union of Trading Co-operatives (Saigon Co.op) and partners will launch a programme in which necessities will be delivered to workers and people in pandemic-hit areas by e-commerce platforms Shopee and Now. The programme is expected to provide a chance for the public, particularly young people, workers and low-income earners, to experience and understand the benefits of digital payment tools amid COVID-19.
Data from the State Bank of Vietnam shows that the number of non-cash transactions has been on a rise in Vietnam during the pandemic. Internet payment has increased 65.9 percent in volume and 31.2 percent in value year-on-year in the first four months of 2021.
Mobile and QR Code payments have been even seeing much higher year-on-year growth, 86.3 percent in volume and 123.1 percent in value, and 95.7 percent in volume and 181.5 percent in value, respectively.
A study by Visa found a surge in the use of mobile wallets and payment apps in Vietnam over recent years, with over 85 percent of consumers having at least one of them and over 42 percent using mobile contactless payments.
Some 71 percent of shoppers use e-wallets or payment apps at least once a week.
By the end of 2020, Vietnam, which has a population of about 100 million, was estimated to have 132.5 million active mobile subscribers accounts./.
VNA
