ho chi minh city launches contactless payment stores to supply food for citizens

Ho Chi Minh City launches contactless payment stores to supply food for citizens

The first contactless payment store, which is set up by Grove Fresh in collaboration with the Ho Chi Minh City Department of Industry and Trade, has been open in Co Giang Ward in District 1.
smart payments increasingly gain ground among vietnamese consumers

Smart payments increasingly gain ground among Vietnamese consumers

New technologies are driving Vietnam towards a cashless society as smart payments find growing adoption among local consumers, especially for small ticket purchases, according to a recent study by Visa.
aeon group proposes ho chi minh city to support businesses for recovery in new normal

AEON Group proposes Ho Chi Minh City to support businesses for recovery in new normal

Extending payment time for value-added tax and social insurance while reducing corporate income tax and the cost of COVID-19 testing were among the recommendations of Furusawa Yasuyuki, the representative of AEON Group in Vietnam at the conference with the leaders of Ho Chi Minh City to support foreign-invested enterprises to overcome the pandemic and achieve a quick recovery for the city's economy.
circular offers strict level for bank risks

Circular offers strict level for bank risks

Despite the government coming to the aid of banks and vulnerable businesses in the past year, the latest COVID-19 wave has rendered some debt restructuring and payment scheduling by the country’s central bank less effective than expected.
digital economy to make up 20 per cent of gdp in vietnam by 2025

Digital economy to make up 20 per cent of GDP in Vietnam by 2025

Vietnam set the goal of boosting its digital economy to account for 20 per cent of its GDP by 2025.
a cashless vietnam is coming

A “cashless Vietnam” is coming

The pandemic has prompted an inevitable reset in Vietnam’s payment ecosystem and accelerated the non-cash transaction trend that had been already underway. Winnie Wong, country manager for Vietnam, Cambodia, and Laos at Mastercard, shared with VIR's Thu Huong how a global leading payments technology company like Mastercard can enhance cashless experience and enable ubiquity of digital solutions in the most secure, convenient approach.
e commerce groups tapping into ditigal market growth

E-commerce groups tapping into ditigal market growth

Vietnam’s fast-growing digital economy is hoping to lure big foreign funding to cash in on the enormous potential – although whittling down the use of physical cash could take a lot longer.
exporters yearning for switch to global payment terms to protect business

Exporters yearning for switch to global payment terms to protect business

Many local exporters, who want to switch their export methods to shun risks caused in the international freight market, aim to take control over shipping lines and freight insurance previously under the responsibility of overseas buyers – but the route ahead is not without hurdles.
visa makes it a breeze to receive funds from abroad with visa direct

Visa makes it a breeze to receive funds from abroad with Visa Direct

Visa, the world’s leader in digital payments, has partnered with Vietnamese banks to make it easier for Visa debit card holders to receive inbound remittances using MoneyGram and Remitly. Powered by Visa Direct, cardholders will receive the funds directly to their accounts in near real-time.
govt rolls out interest free loans for companies to pay salaries

Govt rolls out interest-free loans for companies to pay salaries

The Viet Nam Bank for Social Policies has begun accepting applications from businesses for interest-free loans to fund furlough and salary payments, its deputy director, Bui Van Son, said.
four reasons to make payments with vnpay e wallet during the pandemic

Four reasons to make payments with VNPAY e-wallet during the pandemic

Customers are increasingly using the VNPAY e-wallet app to make daily payments and protect their health during the social distancing period and the resurgence of the COVID-19 pandemic.
mastercard to be banned in india for non compliance with data storage rules

Mastercard to be banned in India for non-compliance with data storage rules

India has just announced to ban the US-based payment behemoth Mastercard for non-compliance with data storage rules, effective from July 22.
vietnam set to reach mobile wallet penetration of nearly 55 per cent by 2025

Vietnam set to reach mobile wallet penetration of nearly 55 per cent by 2025

Vietnam is set to see rapid expansion in terms of mobile wallet usage with mobile wallet penetration to reach nearly 55 per cent by 2025.
visa and moca team up to accelerate online shopping and digital payments

Visa and Moca team up to accelerate online shopping and digital payments

Visa, the world’s leader in digital payments, and Moca, a leading digital payments service in Vietnam, have teamed up to encourage consumers to save their Visa payment card-on-file to make fast, convenient, and secure online payments via Moca's payment solutions on the Grab app and other e-commerce platforms.
gib global investment digital bank to bid for digital banking licence in vietnam

GIB Global Investment Digital Bank to bid for digital banking licence in Vietnam

Leading Hong Kong-based investment bank GIB Global Investment Digital Bank announced intentions to enter the digital banking space in Vietnam by teaming up with Vimo and local payments providers.