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.
Experts: Non-cash payments need support Business

Experts: Non-cash payments need support

The Government should create an ecosystem and suitable environment for new products and services as well as pioneer their use to promote the development of contactless payment methods. This could be a foundation for building e-government in Vietnam.
UnionPay International, VNPAY cooperate in QR code payment Society

UnionPay International, VNPAY cooperate in QR code payment

UnionPay International (UPI), a subsidiary of China UnionPay, said on June 21 that it has signed a cooperation agreement on payment by QR code with Vietnam Payment Solution Joint Stock Company (VNPAY) - the biggest QR code payment firm in Vietnam.
PM orders tighter control of Bitcoin, cryptocurrency Business

PM orders tighter control of Bitcoin, cryptocurrency

Prime Minister Nguyen Xuan Phuc has required the State Bank of Vietnam (SVB), financial institutions, and other organisations providing payment brokerage services to intensify inspections and promptly report suspicious cryptocurrency transactions.
Travellers can pay by e-wallet at airport Travel

Travellers can pay by e-wallet at airport

The Vimo Technology JSC and Southern Airport Services Joint Stock Company have signed a cooperation agreement on launching electronic payment services for Asian tourists when travelling into Vietnam.
Jury still out on cryptocurrency in Vietnam Business

Jury still out on cryptocurrency in Vietnam

The use of cryptocurrency and blockchains in Vietnam is currently limited to just one percent of the total population, though experts anticipate that the number could grow to 30 million users in the next ten years.