Vietnamplus

Under a new regulation, commercial banks will have to switch 30 percent of their current magnetic strip ATM cards – more than 25 million in total – to chip cards by the end of this year to enhance safety and service quality.

State-owned Agribank, one of the largest banks in Vietnam, rolled out a set of debit and credit cards for high security transactions using EMV chip technology in Hanoi on December 17.