mobile money services step into limelight for unbanked

Mobile money services step into limelight for unbanked

Vietnamese telecom behemoths are gearing up to offer seamless mobile money services to tap into the lucrative contactless payment industry in Vietnam, with major focus on non-banked and underbanked mobile subscribers in remote areas.
visa expands practical business skills

Visa expands Practical Business Skills

Visa, the world’s leader in digital payments, has announced the expansion of Practical Business Skills, a global digital platform delivering free education resources to help small- and medium-sized business owners make confident, informed decisions to grow their business.
viettel ready to provide mobile money service to all customers

Viettel ready to provide Mobile Money service to all customers

In line with the prime minister’s approval of the two-year trial of the Mobile Money service, state-owned telecommunications giant Viettel is ready to roll out the new service for its customers.
prime minister approves mobile money pilot programme for two years

Prime Minister approves Mobile Money pilot programme for two years

The prime minister has approved the pilot application of Mobile Money, which allows the use of mobile phone accounts to pay for small-value goods and services. The decision takes effect from March 9, 2021.
bold new approach for digital banking

Bold new approach for digital banking 

The State Bank of Vietnam (SBV) in late 2020 issued Circular No.16/2020/TT-NHNN amending Circular No.23/2014/TT-NHNN guiding the opening and use of payment accounts at payment service providers, which is one of the prominent legal documents issued to promote the transformation and development of cashless payments. 
tax deferral to ease business operations

Tax deferral to ease business operations

To support businesses to recover operations soon, numerous policies related to deferring tax and land rent payments are to be put in place, while a reduction in corporate income tax is being considered.
e commerce continues to thrive amid pandemic

E-commerce continues to thrive amid pandemic

Revenues posted by e-commerce platforms for January were up 30 percent year-on-year despite there being fewer promotions than in previous years, figures from the Ministry of Industry and Trade and the platforms reveal.
visa study vietnamese consumers ahead of global average on healthy sustainable living

Visa study: Vietnamese consumers ahead of global average on healthy, sustainable living

Public opinion research conducted by GlobeScan and supported by Visa, the world’s leader in digital payments, shows Vietnam is ahead of the global average when it comes to adopting healthier and more sustainable lifestyle choices.
advanced labour code dismaying foreign employers

Advanced labour code dismaying foreign employers

The fresh Labour Code is burdening foreign employers in Vietnam with new insurance payments for part-time employees.
ministry of finance proposes to extend tax payment deadline in 2021

Ministry of Finance proposes to extend tax payment deadline in 2021

The Ministry of Finance has just proposed extending the deadline for tax payment and land rent to assist businesses in overcoming the COVID-19 pandemic.
moneygram launches first real time p2p payment solution to vietnam using visa direct

MoneyGram launches first real-time P2P payment solution to Vietnam using Visa Direct

MoneyGram International, Inc., a global leader in cross-border P2P payments and money transfers, and Visa, the world’s leader in digital payments, today launched a real-time peer-to-peer payment solution to Vietnam.
e wallets promotion programmes see less appetising

E-wallets' promotion programmes see less appetising

Luring in e-wallet users by plentiful promotion activities seems to be less attractive as the payment method still occupies for a small proportion.
adapting through uncertainty a survival kit for small businesses

Adapting through uncertainty – a survival kit for small businesses

The pandemic has undoubtedly motivated new behaviours, altering people’s lifestyles and the way businesses make payments as they adapt to the new normal.
visa study unlocking immense benefits of commercial credit cards

Visa study: Unlocking immense benefits of commercial credit cards

Towards realising the goal of turning Vietnam into a cashless nation and boosting electronic payment acceptance among consumers, merchants, and businesses across the nation are enhancing market awareness about commercial credit cards and the sizeable financial and practical benefits they offer.
banks launch domestic credit chip cards

Banks launch domestic credit chip cards

The National Payment Corporation of Vietnam (Napas) and seven domestic banks recently launched domestic credit chip cards with unified standards to promote cashless payments and tackle black credit.