04-10-2024 16:25
The People's Bank of China unveiled a significant package of support in late September, the largest since the Covid-19 pandemic, which includes cuts to key interest rates, reductions in mortgage rates, and decreased payment requirements for second-home purchases.
04-10-2024 14:36
Several banks have granted borrowers affected by Typhoon Yagi and its aftermath interest waivers or reductions, as well as support for obtaining new loans.
30-09-2024 18:18
LOTTE C&F, the deferred payment service known as "Buy Now, Pay Later" (BNPL) under LOTTE Group, officially launched in the Vietnamese market on September 27.
23-09-2024 06:55
Vietnam Bank for Social Policies (VBSP) has announced it will suspend interest payments for borrowers affected by Typhoon Yagi and the subsequent flooding until December 31.
11-09-2024 12:04
A number of online travel booking platforms are facing growing concerns over customer credit card security, with experts advising the use of secure payment methods to prevent fraud and unauthorised charges.
11-09-2024 11:42
Vietnam is gradually advancing its cashless payment infrastructure by establishing cross-border QR code payment systems with neighbouring countries, though challenges remain in fully integrating inbound payments from foreign tourists.
28-08-2024 15:28
Citi held the E-commerce and Technology Summit 2024 on August 21 in Ho Chi Minh City, focusing on sector growth in Southeast Asia.
27-08-2024 18:00
Vietnam’s corporate bond market is experiencing a resurgence, but delayed payments and other factors continue to make dents in the sector.
16-08-2024 11:41
United Overseas Bank (UOB), Southeast Asia’s third-largest bank by assets, is tapping into megatrends in the region to drive its growth, positioning itself on capturing the rising ASEAN consumer spend and cross-border payments.
15-08-2024 10:26
Vietnam’s payment sector is rapidly growing, with significant advancements in mobile money, QR code transactions, and e-wallet services led by dozens of payment intermediary organisations.
13-08-2024 15:17
VNPAY has achieved Payment Card Industry Data Security Standard (PCI DSS) Level 1 international security certificate from ControlCase after meeting stringent information security and data management requirements.
06-08-2024 13:21
Innovations in cross border payments were the main theme of Financial Institutions Asia Pacific Roadshow events in Hanoi and Ho Chi Minh City organised by Citi Vietnam.
02-08-2024 12:47
Singapore-headquartered Sunrate, an intelligent global payment and treasury management platform, backed by global investors such as Peak XV Partners, Prosperity7 Ventures, and SBVA, announced its official launch in Vietnam on August 1.
26-07-2024 17:22
For the first time, the Vietnamese legal framework formally defines electronic money. Under Decree No.52/2024/ND-CP, electronic money is “the value of Vietnamese currency co-stored on electronic means provided on a reciprocal basis with the amount prepaid by customers to banks, foreign bank branches, and intermediary payment service providers providing e-wallet services.” This definition establishes electronic money as a digital form of Vietnam’s legal currency.
24-07-2024 14:16
Visa released the spring 2024 edition of its Biannual Threats Report on July 24, outlining the top payment threats to consumers and businesses around the world.