Customers need a level-2 VNeID account and must log in successfully on their phone. Automatic verification of personal data from the level-2 account simplifies booking, speeds up the process and adds security. The service covers all railway routes nationwide.
Non-cash payment transactions increased by 63.3% in volume and 41.45% in value in January, compared to the same period last year, the State Bank of Vietnam (SBV) has announced.
Prime Minister Pham Minh Chinh on December 29 asked the Governor of the State Bank of Vietnam (SBV), the Minister of Finance and the General Director of Vietnam State Treasury to deploy measures to meet payment and cash demands of individuals and firms at year-end, during the coming New Year and Lunar New Year holidays.
Electronic and cashless payments saw significant increases in Vietnam in the first half of this year, with internet transactions growing by 76% in volume and 1.79% in value.
The trend of electronic and non-cash payments in the Vietnamese economy in 2023 continued to record growth of 52.35% in volume over the same period last year.
When people come to the mask machine, the ATM will automatically recognize the face and put the mask out. Each person can receive 1 - 2 bags of medical masks each time.
The first face mask ATM in Hanoi officially came into operation to the public on August 24 as part of concerted efforts to combat the spread of the novel coronavirus (COVID-19) epidemic nationwide.
Police in the northern coastal province of Quang Ninh on July 18 launched criminal proceedings against Wei Hong Qiu, a Chinese national, for “swindling to appropriate assets”.
The State Bank of Vietnam (SBV) has required credit institutions and branches of foreign banks in the country to limit cash withdrawal at their automatic teller machines (ATMs) at night.
The Vietnamese Government plans to reduce the cash payment proportion to less than 10 percent by 2020 and 8 percent by 2025, which can be done by expanding the network of automatic teller machines (ATMs) and points of sale (POS) nationwide.
The total value of transactions via the automatic teller machines (ATMs) and points of sale (POS) last year surged sharply by 34 percent against the previous year.
The SBV has asked the relevant agencies to ensure all automatic teller machines (ATM) are operational in the months approaching Tet holiday, when there is high demand for cash transactions.
In light of recent widely reported cases of banking fraud related to automatic teller machine (ATM) transactions, the State Bank of Vietnam (SBV) has advised the public to remain calm and adhere to banks’ regulations, while urging the banks to plug security holes.
Deputy Prime Minister Vuong Dinh Hue has signed a decision encouraging cash-free transactions in Vietnam in order to reduce the number of cash-based deals and control tax evasion.
State-owned Agribank, one of the largest banks in Vietnam, rolled out a set of debit and credit cards for high security transactions using EMV chip technology in Hanoi on December 17.
Non-cash payment has gradually become a trend in Vietnam as cash-used expense saw a remarkable reduction, according to the State Bank of Vietnam’s Payment Department.
