The ASEAN-Business Advisory Council (BAC) is fostering partnerships with a peer-to-peer (P2P) lending platform and the Indonesian Joint Funding Fintech Association (AFPI) to support digital payment transformation.
The Apple Pay digital payment system, developed by Apple, has expanded its reach to Vietnam, making it the third nation in Southeast Asia to support the service, following Malaysia and Singapore.
The digital payment system, Apple Pay, developed by Apple, has expanded its reach to Vietnam, making it the third nation in Southeast Asia to support this service, following Malaysia and Singapore.
Samsung Vina Electronics signed a memorandum of understanding (MoU) with Shinhan Bank Vietnam to establish a strategic relationship between Samsung Wallet and financial products from Shinhan Bank on June 14.
Vietnamese digital payment firm Momo and American multinational financial services company Western Union on March 20 announced a strategic collaboration enabling customers to receive Western Union money transfers on the MoMo app.
Consumers in Thailand lead in the Asia-Pacific region in using digital payment methods, according to MasterCard’s survey results released on December 28.
Traders at Ha Long 1 and Ha Long 2 markets in the northern coastal province of Quang Ninh are now able to go cashless as they can use digital payment services in a 4.0 market model introduced in early July.
The Ministry of Information and Communications reported that the number of Mobile Money subscribers has quadrupled since the service was launched in January this year, 67% of whom were from rural, mountainous, border, island and remote areas.
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).
In the context of the extensive digitalisation of services as well as multidimensional impacts of the COVID-19 pandemic, the behaviour and expectation of Vietnamese consumers have changed, turning digital payment into an evitable trend of the economy and their priority.
The Vietnam National Petroleum Group (Petrolimex) cooperated with the global digital payment company Visa to launch contactless payment services at the former’s petrol stations across the country on May 31.
As the Prime Minister has officially allowed the pilot of mobile money – digital payment, many cellular operators will have an opportunity to enter this potential digital payment market.
A host of events and activities will be held virtually on Cashless Day 2021 (June 16) to raise public awareness of non-cash payment and contribute to achieving goals set by the national financial inclusion strategy by 2025, with a vision towards 2030.
Despite being a new player in Indonesia’s digital payment field, ShopeePay, the e-wallet arm of online marketplace Shopee, has become a market leader amid the e-commerce boom during the COVID-19 pandemic.
As one of the fastest-growing economies in Southeast Asia and with considerable volumes of FDI, Vietnam is adopting modern technology to enhance digital payments nationwide, global digital payment provider Visa has reported.
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