Vietnamese banks handle 898.4 billion USD through e-payments Business

Vietnamese banks handle 898.4 billion USD through e-payments

Vietnam's interbank e-payment system handled 37 million transactions worth nearly 21 quadrillion VND (898.4 billion USD) in the first quarter of the year, up 23 percent and 17.8 percent respectively compared to 2018, according to the State Bank of Vietnam (SBV).
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.
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.
Smart parking service piloted in Hanoi Society

Smart parking service piloted in Hanoi

Smart parking using the iParking application, which allows drivers to find parking lots and pay fares with their smart phones, will be piloted in Hanoi for three months from May 1.
Agribank rolls out EMV chip cards Business

Agribank rolls out EMV chip cards

State-owned Agribank, one of the largest banks in Vietnam, rolled out a set of debit and credit cards for high security transactions using EMV chip technology in Hanoi on December 17.
Business

Vietnam’s biggest card service unions to be merged

The two largest card networks in Vietnam - Vietnam National Financial Switching Joint Stock Co. (Banknetvn) and Smartlink Card Services Joint Stock Company (Smartlink) – will be merged under a decision signed by Prime Minister Nguyen Tan Dung on December 22, the English language news portal VietNamNet Bridge reported.
Business

Bank card payments gain popularity

Total non-cash payments in Vietnam reached 32 billion USD by late 2011, showing that consumers are increasingly using bank cards for their transaction, according to the Bank Card Association.
Business

ASEAN banking forum opens in HCM City

The ASEAN Bankers’ Forum 2011 opened in Ho Chi Minh City on Dec. 7 under the theme, “Retail banking: Identifying key successful factors and the role of technology in building competitive advantages”.