Da Nang city to boost cashless transactions Business

Da Nang city to boost cashless transactions

The city of Da Nang, the central region’s major economic driver, is making headway in raising awareness on the benefits of cashless transactions as well as in building financial and technical infrastructure for the future development of a cashless society.
Workshop talks promoting cashless payment Business

Workshop talks promoting cashless payment

Policies and reality in building a cashless society in Vietnam was the theme of a workshop held in Ho Chi Minh City on June 11 by the State Bank of Vietnam (SBV) in coordination with the Ministry of Information and Communication and Tuoi Tre (Youth) newspaper.
mPOS mobile card payment leads payment channels in 2018 Business

mPOS mobile card payment leads payment channels in 2018

2018 was the year witnessing the outstanding development of the new payment method via mPOS device. There was 27,500 places accepting payment via mPOS, posting 99 percent year-on-year increase, according to the Vietnam Bank Card Association (VNBA).
Vietnamese e-commerce growing rapidly Business

Vietnamese e-commerce growing rapidly

The past four years have seen a busy journey for the e-commerce market in Southeast Asia and Vietnamese e-commerce growth rate ranked second, just behind Indonesia, in the region, according to Google and Temasek.
Vietnam’s e-commerce forecast to boom Business

Vietnam’s e-commerce forecast to boom

Vietnam’s e-commerce market is predicted to boom in the near future, given that 53 percent of the population uses the internet and nearly 54 million people use smartphones.
SBV Governor: non-cash payment booming Business

SBV Governor: non-cash payment booming

The number of transactions using new modes of payment has seen strong surges this year, Governor of the State Bank of Vietnam Le Minh Hung reported to the National Assembly during the Question-and-Answer session on November 1.
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.
ZaloPay targets 1,000 points of sale Business

ZaloPay targets 1,000 points of sale

ZaloPay e-wallet, developed by VNG Corportion, aims to open about 1,000 new points of sale in 2018, according to Phan Thanh Thao, business development director of Zalo Pay.
Banks battle Tet ATM overload Business

Banks battle Tet ATM overload

As demand for cash withdrawals at ATMs doubles or triples around the Lunar New Year (Tet) holiday, banks are recommending customers use electronic payment or scan their cards at POS machines or use quick response (QR) codes instead of withdrawing cash at ATMs.