scb receives 2020 stp award from bank of new york mellon

SCB receives 2020 STP Award from Bank of New York Mellon

Saigon Joint Stock Commercial Bank (SCB) was honoured by The Bank of New York Mellon (BNY Mellon) with the prestigious Straight-through Processing (STP) Award for the third consecutive year.
reimagining the customer experience in digital banking

Reimagining the customer experience in digital banking

Vietnam’s digital banking scene has experienced significant changes in recent years, with banks and fintech innovators launching an impressive array of digital tools ranging from mobile payments solutions and wealth management platforms to e-commerce systems. Some of these digital propositions have scaled rapidly, making Vietnam one of Asia-Pacific’s fastest growing markets for digital banking.
gojek rolls out cashless payment services in vietnam

Gojek rolls out cashless payment services in Vietnam

Gojek today announced the launch of a cashless payment feature on its app in Vietnam, making its official foray into the booming fintech market.
vietnam social security awaits go ahead to remove insurance issues for labourers

Vietnam Social Security awaits go-ahead to remove insurance issues for labourers

While waiting for answers from relevant authorities on the exemption or reduction of payment periods for social and health insurance for labourers during the social distancing period, Vietnam Social Security has implemented numerous solutions to ensure the rights and interests of labourers and businesses.
grab proposes solutions to accelerate vietnams digital economy and e commerce growth

Grab proposes solutions to accelerate Vietnam's digital economy and e-commerce growth

Vietnam recently approved the National Digital Transformation Programme by 2025, with an orientation towards 2030. Grab Vietnam, as an active player in Vietnam’s digital economy is committed to helping Vietnam realise this goal. Nguyen Thai Hai Van, CEO of Grab Vietnam has proposed three solutions to propel digital economy and e-commerce development in Vietnam.
masan takes over mobicast to venture into telecom sector

Masan takes over Mobicast to venture into telecom sector

The Sherpa, a Masan Group subsidiary, has completed the purchase of 70 per cent of Mobicast JSC for a total cash payment of VND295.5 billion ($13 million) to enter the telecom industry.
buyers seek loan help

Buyers seek loan help

The pandemic as a force majeure event has crippled people’s ability to meet loan repayment requirements, but while the real estate sector also appears susceptible to the crisis, the State Bank of Vietnam and commercial lenders have taken measures to deal with worrisome property assets.
more tax fee cuts to benefit pandemic hit enterprises people

More tax, fee cuts to benefit pandemic-hit enterprises, people

About 118 trillion VND (5.16 billion USD) worth of taxes, land rent, fees, and charges are expected to be reduced or have payment deadlines extended in 2021 to assist enterprises and people affected by the coronavirus pandemic.
vnpay e wallet reduces burdens during pandemic with stellar refunds on utilities bills

VNPAY e-wallet reduces burdens during pandemic with stellar refunds on utilities bills

Consumers need no longer worry about paying their monthly electricity and water bills as VNPAY e-wallet offers instant payment with a 50 per cent refund of up to VND50,000 ($2.20) for new consumers making bill payments on the app from September 15 to 17.
hsbc vietnam facilitates international investment in vnlife vietnams second unicorn

HSBC Vietnam facilitates international investment in VNLIFE, Vietnam’s second unicorn

HSBC Vietnam supported General Atlantic and Dragoneer Investment Group in co-leading a $250 million Series B investment in VNLIFE, a local tech startup operating in banking enablement, digital payment, online travel, and new retail. This capital injection is expected to accelerate the growth of VNLIFE’s existing businesses and support its development of new platforms and technologies to better serve its merchant partners and Vietnamese consumers.
mobile money to bridge service divide

Mobile money to bridge service divide

While telecommunications firms keep a wait-and-see stance on SMS service charge reductions despite mounting worries from banks. the forthcoming adoption of mobile money from some state-run groups is expected to bridge the gap between urban and rural areas in convenient cashless payments.
citi spurs cross border payments through digitalisation efforts

Citi spurs cross-border payments through digitalisation efforts

Citi Treasury and Trade Solutions Asia-Pacific has just introduced a new service for institutional clients in the region to speed up cross-border payments.
whats the impact of the apple app store court ruling

What's the impact of the Apple app store court ruling?

Apple was forced to loosen the grip it holds on its App Store payment system, after US judge ruled Friday in a closely watched battle with Fortnite maker Epic Games.
vietnam accelerates the development of regulatory sandbox for fintech

Vietnam accelerates the development of regulatory sandbox for fintech

The Vietnamese government is pushing forward a regulatory sandbox for fintech banking and cashless payments with a view to support the development of the local fintech scene.
covid 19 sbv issues new document on rescheduling of debt payments

COVID-19: SBV issues new document on rescheduling of debt payments

The State Bank of Vietnam (SBV) on September 7 issued a circular amending and supplementing a number of articles of Circular No. 01/2020/TT-NHNN issued by the SBV Governor directing foreign credit institutions and bank branches to reschedule debt payments, waive and reduce borrowing interest and fees, and maintain the groups in order to support customers affected by the COVID-19 pandemic.