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.
Vietnamese startups to reach unicorn status soon Business

Vietnamese startups to reach unicorn status soon

As Vietnam, one of the hottest startup hubs in the world, is welcoming a huge wave of venture capital, its tech startup firms are expected to quickly reach the unicorn status, which means they are valued 1 billion USD or more, according to insiders.
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).
Malaysian firm to partner with Vietnam Business

Malaysian firm to partner with Vietnam

MPOS Vietnam Technology Joint Stock Company and Malaysia’s payment service provider GHL Systems Berhad signed a strategic cooperation agreement on electronic payments in Hanoi on November 8.
Cash still trumps online payment Business

Cash still trumps online payment

Electronic payments for online transactions remained modest compared with cash-on-delivery payments, according to a recent report of the Ministry of Industry and Trade on e-commerce in Vietnam.

In spite of this, the e-commerce payment system is an important base for the development of e-commerce, which has great potential in Vietnam.
Vietnam boosts card-based payments Business

Vietnam boosts card-based payments

Non-cash payments are becoming more widespread in Vietnam, the Vietnam Economic News reported, adding that the trend can be seen through the growing number of card users, automated teller machines (ATMs) and points of sale (POS).