first domestic chip cards launched

First domestic chip cards launched

The Vietnam Bank Card Association, in collaboration with the National Payment Corporation of Vietnam (NAPAS) and 7 commercial banks, launched the first domestic chip cards on May 28. 
vinid acquires e wallet platform monpay

VinID acquires e-wallet platform MonPay

VinID’s purchase of MonPay with the backing of Vingroup may help the e-wallet platform increase its market share in the fiercely competitive market.
mobile money service to promote non cash payments

Mobile money service to promote non-cash payments

Mobile money services promote non-cash payments and help the poor living in mountainous and remote areas access services on the internet, Minister of Information and Communications Nguyen Manh Hung said at a two-day conference on financial inclusion held in Ha Noi on Thursday.
vn banks handle 8984 b through e payments in q1

VN banks handle $898.4 b through e-payments in Q1

Viet Nam's interbank e-payment system handled 37 million transactions worth nearly VND21 quadrillion (US$898.4 billion) in the first quarter of the year, up 23 per cent and 17.8 per cent respectively compared to 2018, according to the State Bank of Viet Nam (SBV).
banks to issue chip cards in place of 21 million magnetic strip cards

Banks to issue chip cards in place of 21 million magnetic strip cards

Seven banks will start issuing ATM chip cards that meet EMV standards to replace magnetic strip cards in collaboration with the National Payment Corporation of Viet Nam starting from May 28.
transaction limits for e wallets should be appropriate experts

Transaction limits for e-wallets should be appropriate: experts

Transaction limits for e-wallets should be set at appropriate levels to encourage cashless payment amidst an anticipated boom of e-commerce in Vietnam, experts have said.
dai ichi life under fire over disputes

Dai-ichi Life under fire over disputes

Japanese-owned Dai-ichi Life Insurance of Vietnam is being urged to improve its reputation in ­Vietnam after a number of incidents involving mistreatment of employees, and denials of payment to grieving families in the country.
citi awards top 10 vietnamese banks for payment excellence

Citi awards top 10 Vietnamese banks for payment excellence

Citi Vietnam, part of global financial services multinational Citigroup, has just announced the winners of the Citi Excellent Straight Through Processing Award 2018 to reinforce and recognise client banks that have been meticulous in their efforts in conducting international payment services.
vnpay in top 10 at sao khue awards

VNPAY in top 10 at Sao Khue Awards

A Vietnamese company leading the way in electronic payments has scooped honours at an annual event that awards major breakthroughs in the country’s software and IT industry.
eximbank receives international stp award from citibank

Eximbank receives international STP award from Citibank

Vietnam Export Import Commercial Joint Stock Bank (Eximbank) was honoured with the Excellent International Straight-Through Payment Award by Citibank for its high standard electronic rate STP and low arising checking rate.
apple qualcomm announce settlement in royalty dispute

Apple, Qualcomm announce settlement in royalty dispute

Apple and American microchip manufacturer Qualcomm said on Tuesday (Apr 16) they have agreed to "dismiss all litigation" against each other worldwide in what had been a sprawling battle over royalty payments.
government meeting discusses bt projects planning law

Government meeting discusses BT projects, planning law

Prime Minister Nguyen Xuan Phuc has asked that a draft decree prescribing the use of public assets for payments to investors when implementing Build-Transfer (BT) investment projects has no legal loopholes allowing wastefulness and corruption.
payment is critical to improve commute experience study finds

Payment is critical to improve commute experience, study finds

A new study by Visa and Stanford University finds that improving the payment system is vital to support commuters around the world.  
making the payment landscape more modern and secure

Making the payment landscape more modern and secure

As digital payment increases in Vietnam, risk of fraud is also on the rise. Joe Cunningham, senior vice president, Risk for Visa in Asia Pacific, shared with Nam Phuong the new Future of Security Roadmap that the payment firm uses to tackle fraud in Vietnam and drives the digital payment sector forward.
liverpool top 261m premier league splurge on agents

Liverpool top £261m Premier League splurge on agents

Liverpool spent £44 million (US$58 million) on agents' fees over the past two transfer windows as overall payments to intermediaries by Premier League clubs increased 25 per cent to £261 million.