ATMs not busy, banking apps congested as Tet nears Business

ATMs not busy, banking apps congested as Tet nears

Although the Lunar New Year (Tet) is nearing, long queues of people are no longer seen at automated teller machines (ATMs) like in previous years. Instead, online transactions on banking applications are facing difficulties, with network congestion frequently reported by users.
Banks pushing online transactions Business

Banks pushing online transactions

Many people around Vietnam are deciding to open a deposit account after the Lunar New Year (Tet) holiday. Amid the complex developments of COVID-19, banks have introduced a range of promotional programmes to encourage customers to conduct transactions online.
Remittances to HCM City merely impacted by COVID-19 Business

Remittances to HCM City merely impacted by COVID-19

Despite negative impacts of the COVID-19 pandemic, remittances Ho Chi Minh City received through commercial banks and economic organisations are forecast to reach 5.5 billion USD this year, a slight increase from 2019.
Major Philippine bank encounters serious problem World

Major Philippine bank encounters serious problem

The Bank of the Philippine Islands (BPI), a major bank of the Philippines, had to shut down online transactions and automatic teller machines (ATMs) on June 7 after money went missing from accounts.