Fintech needs improved legal framework: experts Business

Fintech needs improved legal framework: experts

To develop financial technology, a comprehensive legal framework and cooperation between banks and fintech businesses are required, experts told a conference organised by the State Bank of Vietnam (SBV) and Asian Development Bank (ADB) in Ho Chi Minh City on September 10.
Lack of cooperation prevents spread of non-cash payments Business

Lack of cooperation prevents spread of non-cash payments

A lack of cooperation between banks, service providers and customers is the major issue preventing the widespread use of cashless payments in Vietnam, Nguyen Dinh Thang, Chairman of LienVietPostBank’s Board of Directors, said at the Banking Vietnam 2019 event in Hanoi on May 30.
mPOS mobile card payment leads payment channels in 2018 Business

mPOS mobile card payment leads payment channels in 2018

2018 was the year witnessing the outstanding development of the new payment method via mPOS device. There was 27,500 places accepting payment via mPOS, posting 99 percent year-on-year increase, according to the Vietnam Bank Card Association (VNBA).
ASEAN aims at deepening economic integration ASEAN

ASEAN aims at deepening economic integration

Customs cooperation and healthy financial infrastructure remain the top challenges for ASEAN in its efforts to strengthen economic integration and redistribute economic wealth, reported The Nation – an English-language daily newspaper based in Bangkok, Thailand – on April 8.
UnionPay International, VNPAY cooperate in QR code payment Society

UnionPay International, VNPAY cooperate in QR code payment

UnionPay International (UPI), a subsidiary of China UnionPay, said on June 21 that it has signed a cooperation agreement on payment by QR code with Vietnam Payment Solution Joint Stock Company (VNPAY) - the biggest QR code payment firm in Vietnam.
Travellers can pay by e-wallet at airport Travel

Travellers can pay by e-wallet at airport

The Vimo Technology JSC and Southern Airport Services Joint Stock Company have signed a cooperation agreement on launching electronic payment services for Asian tourists when travelling into Vietnam.