Tuesday, June 18, 2019 - 23:58:27

Vietnam Bank Card Association

Experts: Non-cash payments need support

Business

Experts: Non-cash payments need support

The Government should create an ecosystem and suitable environment for new products and services as well as pioneer their use to promote the development of contactless payment methods. This could be a foundation for building e-government in Vietnam.

Huge number of bank cards unused

Business

Huge number of bank cards unused

Fifty million of the 132 million bank cards issued in the country are not in use, causing an enormous waste of resources, the Vietnam Bank Card Association has said.

Fee hikes threaten cashless plan

Business

Fee hikes threaten cashless plan

Recent surges in transactions and withdrawal fees at a number of commercial banks went against the State Bank of Vietnam’s (SBV) initial policy roadmap for a seamlessly cashless society.

Mobile pay threatens banks: experts

Business

Mobile pay threatens banks: experts

Foreign tech giants are set to jump into the mobile payments market on both the paying and receiving sides of the transaction, thus posing a threat to local commercial banks payment market share.