The scale of connectivity and the pace of change in technology is transforming payments. The rise of e-commerce and the adoption of EMV chip technology has contributed to a shift in payment fraud from the card-present to the card-not-present channel across the Asia Pacific region and on a global scale, whereas the fraud rate for Vietnam has reportedly been relatively low. Abdul Rahim, senior director of risk services for Visa Southeast Asia, spoke to VIR’s Trang Nguyen about the current development of the payment landscape in Vietnam and the proposed risk initiatives and security roadmap to ensure a safe and sound payment ecosystem for the country.

Digital payment provider Visa launched the first competition for startups in Vietnam today, aiming to encourage innovations in the local fintech sector for the prize of $30,000.  

As the Asia-Pacific is going ahead in the transformation from cash to digital payments, payment security has risen as a key focus for payment providers, banks, governments and consumers, according to Visa.

In an effort to allure more European tourists, the prime minister has agreed to continue extending visa exemption for citizens from five European nations which are Vietnam’s strategic partners.

With tourism a key area for growth, Vietnam’s strict visa policy is a barrier that is making foreign tourists choose other destinations instead.

On April 24, Visa and the Central Committee of Vietnam Students’ Association (CCVSA) kicked off the seventh Practical Money Skills, a financial literacy programme for students under the theme “Spend wisely-win the gold cup,” just in time to link in with the excitement and fun of the 2018 FIFA World Cup.

The HCM City Tourism Association has submitted a proposal to the Ministry of Culture, Sports and Tourism on further extension of visa exemption for tourists coming from the UK, France, Germany, Spain and Italy.

Visa waivers are used by many countries to attract tourists, but Vietnam has chosen to  pursue a strict visa policy.

The visa exemption policy for citizens of five European countries will expire in the next three months. Whether and when it might be renewed are still open questions, creating a headache for tourists and Vietnamese businesses that serve them.

Vietnamese travellers take the most shorts trips in the world, and the trend is expected to be on the rise with more local travel outside of Asia and spend more on their trips, according to Visa Global Travel Intentions (GTI) Survey.

Vietnamese travellers take the most shorts trips in the world, and the trend is expected to be on the rise with more local travel outside of Asia and spend more on their trips, according to Visa Global Travel Intentions (GTI) Survey.

Education New Zealand has completed its 2017 journey with some outstanding achievements, celebrating an almost 60 per cent increase in the number of first time Vietnamese student visas compared to the previous year.

WASHINGTON: The United States and Turkey on Thursday (Dec 28) turned the page on a visa crisis triggered nearly three months ago by the arrest of a staff member at the American mission in Ankara, but relations between the NATO allies remain tense.

Industry insiders have urged the Government to further open up visa policy for foreign tourists to make Vietnam’s hospitality industry more attractive.

A range of activities have been carried out by Vietnam tourism sector and other related authorities to realise the single ASEAN visa policy.