Interoperable QR Payment Linkage between Vietnam and Thailand launched Business

Interoperable QR Payment Linkage between Vietnam and Thailand launched

The Interoperable QR Code for retail payment linkage between Vietnam and Thailand was launched on March 26, signifying the successful implementation of the cooperation in the area of financial innovation between the State Bank of Vietnam (SBV) and the Bank of Thailand (BOT) which began in 2019.
Banks launch domestic credit chip cards Business

Banks launch domestic credit chip cards

The National Payment Corporation of Vietnam (Napas) and seven domestic banks recently launched domestic credit chip cards with unified standards to promote cashless payments and tackle black credit.
Vietnam on way to becoming cashless nation Business

Vietnam on way to becoming cashless nation

Over the past years, the Vietnamese Government has kept promoting non-cash payment with domestic or international credit cards and debit cards such as Mastercard, and launched e-wallet models. ​
Banks slash fees for interbank fund transfers Business

Banks slash fees for interbank fund transfers

Thirty-seven commercial banks have confirmed the reduction of fees for fast interbank fund transfers following the move of the National Payment Corporation of Viet Nam (NAPAS) to halve the switching fees for local banks from March 25.
First domestic chip cards launched Business

First domestic chip cards launched

The Vietnam Bank Card Association, in collaboration with the National Payment Corporation of Vietnam (NAPAS) and 7 commercial banks, launched the first domestic chip cards on May 28.
Vietnamese banks handle 898.4 billion USD through e-payments Business

Vietnamese banks handle 898.4 billion USD through e-payments

Vietnam's interbank e-payment system handled 37 million transactions worth nearly 21 quadrillion VND (898.4 billion USD) in the first quarter of the year, up 23 percent and 17.8 percent respectively compared to 2018, according to the State Bank of Vietnam (SBV).