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Deputy PM: Vietnam supports cashless payments

Politics

Deputy PM: Vietnam supports cashless payments

The Vietnamese Government will continue to support and solidify legal regulations on cashless payment systems, Deputy Prime Minister Vuong Dinh Hue told Anthony Tan, CEO and co-founder of Grab – a ride-hailing platform in Southeast Asia which has been popular in Vietnam over the past five years.

Cashless payment needs a boost in rural areas

Business

Cashless payment needs a boost in rural areas

Vietnam is entering the Fourth Industrial Revolution with the participation of all sectors, including the banking system; however, non-cash payment has seen development stall as the country’s population has not yet embraced its benefits.

Foreign investors eye Vietnam’s e-wallet market

Business

Foreign investors eye Vietnam’s e-wallet market

Foreign investors have poured into Vietnam’s e-wallet sector as they see huge growth potential in the market in the wake of the Government’s plan to reduce cash payments to below 10 percent of the total payment transaction by 2020.

ADB loan helps Philippines expand financial services

World

ADB loan helps Philippines expand financial services

The Asian Development Bank (ADB) on September 19 announced that it had approved a 300 million USD loan to support the Philippine government's effort to expand financial services across the country, especially among entrepreneurs, small businesses, farmers, workers, and individuals, including women and vulnerable households.