Prime Minister Nguyen Xuan Phuc has approved a mobile money pilot project that will pave the way for payments of a limited value to be conducted using telecommunications accounts.
A mobile money pilot project has been submitted to the Prime Minister for approval, marking a bold step for the development of payments using telecommunication accounts in Vietnam, Governor of the State Bank of Vietnam Le Minh Hung said at the dialogue between the PM and the business community last week.
The State Bank of Vietnam is completing a mobile money pilot project and will submit it to the Government for approval this month, Governor Le Minh Hung has said.
An international workshop on mobile money to promote financial inclusion was held by the Ministry of Information and Communication (MIC) in Hanoi on May 23.
Telecommunications firms are ready to pilot a mobile money service thanks to their modern technology infrastructure, customers, wide transaction point networks and financial resources.
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