The Ministry of Industry and Trade (MoIT) has set a target to increase the cashless payment ratio in e-commerce, especially e-payments through payment intermediaries or applications, to 50% by 2025.
The National Payment Corporation of Vietnam (NAPAS) in coordination with the Vietnam Bank for Social Policies (VBSP) launched NAPAS 247 Quick Transfer and NAPAS 247 Quick Transfer via VietQR Code on the bank’s mobile banking app (VBSP Smartbanking) on July 31.
Swiss fintech startups should tap into opportunities in Vietnam – the country with rising demand for digital financial solutions, supportive policies, and government initiatives to nurture fintech innovation, according to a new Vietnam Fintech report by Switzerland Global Enterprise (S-GE).
Cashless payments are developing rapidly in Vietnam, especially after the COVID-19 pandemic, with transactions via banks averaging 40 billion USD per day, said the State Bank of Vietnam.
The northern province of Bac Giang will continue paying attention to promoting digital society, said the director of the provincial Department of Information and Communications, Tran Minh Chieu.
The State Bank of Vietnam has requested banks, branches of foreign banks, and providers of intermediary payment services to take steps to continue promoting cashless payment and the implementation of the national digital transformation programme.
The State Bank of Vietnam (SBV) has requested banks, branches of foreign banks, and providers of intermediary payment services to take steps to continue promoting cashless payment and the implementation of the national digital transformation programme.
A series of events and activities will be held under the 2023 Cashless Day to promote the adoption of non-cash payment and contribute to achieving the Government’s plans to drive Vietnam towards a cashless society.
The State Bank of Vietnam (SBV) and the Banking Academy on May 23 organised a series of education communication events on finance management called "Future Bankers 2023".
The People's Committee of Dau Tieng district in the southern province of Binh Duong plans to establish a pilot project that uses cashless payments at traditional markets, grocery stores and other businesses.
Credit growth reached about 13% this year as of December 27, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu told a press conference in Hanoi on tasks for the banking sector next year.
In the time ahead, the northern province of Bac Giang will maximise the core role of the Ho Chi Minh Communist Youth Union (HCYU) chapters at different levels to promote digital transformation and the implementation of a plan on improving local youths’ digital skills, according to the provincial HCYU Committee.
The cashless payment system is prevalent worldwide. Going cashless has a lot of benefits for Vietnam, improving transaction safety and making it easier for the State to track transactions and facilitate tax collection.
The Hanoi Department of Industry and Trade held a cashless payment event on July 21 with a view to helping fuel e-commerce, technology application and digital transformation.
To encourage Vietnamese consumers and businesses to apply digital payment, Visa, a world leading e-payment technology company, has expanded activities in response to the annual Cashless Day in Vietnam (June 16).
The Hanoi Department of Industry and Trade will host large-scale trade promotion events across more than 2,000 points of sale in the city to boost consumption and tourism.
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