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.
VPBank wins best mobile banking award Business

VPBank wins best mobile banking award

Vietnam Prosperity Bank (VPBank) has been recognised as the "Best Mobile Banking Vietnam 2016" by Global Banking and Finance Review, due to its continuous efforts to improve its products.

Cards win over more consumers

The Vietnam Bank Card Association's report says that 68.55 million bank cards were in use in the Vietnamese market at the end of the first quarter of 2014.

New decree targets reduction of cash payments

From March 1, State-owned enterprises will have to switch to non-cash payments as stipulated by a recent Government decree, under which organisations and individuals using public funds will be prohibited from making payments in cash unless permitted or required by the Ministry of Finance and the State Bank of Vietnam.