electronic payment continues to flourish in vietnam

Electronic payment continues to flourish in Vietnam

The trend of electronic and non-cash payments in the Vietnamese economy in 2023 continued to record growth of 52.35 per cent in volume over the same period last year.
korean lenders aspiring to become major market players

Korean lenders aspiring to become major market players

South Korean financial conglomerates are deepening their involvement in Vietnam through a series of strategic agreements in energy, banking system restructuring, and digital payments.
vietnam grapples with challenges in cashless payments

Vietnam grapples with challenges in cashless payments

The evolution of cashless payments in Vietnam came under the spotlight at a recent conference convened by the Institute for Digital Economy Strategy (IDS) in Ho Chi Minh City. The seminar aimed to analyse the existing legislative landscape, identify barriers to advancement, and propose potential regulatory enhancements to bolster cashless transactions.
mb and mastercard introduce multi functional hi lol card

MB and Mastercard introduce multi-functional Hi LOL Card

On June 29, Military Commercial Joint-Stock Bank (MB) and the globally renowned payment processing corporation Mastercard reached a significant milestone in their enduring partnership with the launch of the Hi LOL Card – a multi-functional card that promises an unparalleled esports experience for League of Legends enthusiasts in Vietnam.
visa and vietnam airlines enhance digital experience for consumers

Visa and Vietnam Airlines enhance digital experience for consumers

Vietnam Airlines plans to leverage Visa’s expertise to launch a unique, co-branded product to boost its digital capabilities and improve the customer experience.
vietnam heads regional ma bounce

Vietnam heads regional M&A bounce

The end of 2023 is forecast to be an exciting time for mergers and acquisitions in the real estate sector, which is set to help domestic enterprises lower their debt repayment pressures.
mb and mastercard forge partnership in payment innovation

MB and Mastercard forge partnership in payment innovation

MB and Mastercard last week officially unveiled their all-encompassing strategic collaboration, aiming to deliver innovative payment solutions and sustainable growth with a shared objective of nurturing long-lasting and sustainable progress, while catering to the evolving needs of customers, including the tech-savvy Generation Z.
consumers empowered with kredivo

Consumers empowered with Kredivo

By continuing to leverage top-notch technologies, fintech group Kredivo is well-positioned to maintain its market triumph in the buy now, pay later (BNPL) market and offer Vietnamese customers with an unparalleled experience, tapping into the country’s rapidly growing e-commerce sector with a convenient and secure way for online payment.
visa joins vietnams 5th cashless day celebration

Visa joins Vietnam’s 5th Cashless Day celebration

Visa has announced its support for Vietnam’s annual Cashless Day with a slew of exciting promotions. The initiative strengthens Visa’s commitment to promoting digital payment adoption and encouraging the digital transformation of Vietnam towards a cashless society.
samsung vietnam teams up with shinhan bank vietnam on digital payments

Samsung Vietnam teams up with Shinhan Bank Vietnam on digital payments

In a landmark move, Samsung Vietnam and Shinhan Bank Vietnam have joined hands, etching an MoU to revolutionise the digital payment arena in Vietnam on June 14.
cambodia thailand launch second phase of cross border qr code payments

Cambodia, Thailand launch second phase of cross-border QR code payments

Cambodia and Thailand on June 6 launched the second phase of cross-border QR code payments, which will allow Thai nationals to shop in Cambodia using the Thai currency of baht and vice versa.
vietbank to revolutionise ho chi minh city bus payments

Vietbank to revolutionise Ho Chi Minh City bus payments

Vietbank, in partnership with Vidiva Technology JSC and Mastercard, unveiled its strategy to expand the EMV Open-Loop payment system for city buses in Ho Chi Minh City on June 5, signifying an intention to enhance the experience of the city's public transportation for passengers
optimism rises for fintech development opportunities

Optimism rises for fintech development opportunities

Vietnam is presenting promising opportunities for cashless payments and boasts a thriving fintech ecosystem, yet the absence of a regulatory sandbox is hindering the full potential of innovative ventures.
kredivo enters into collaboration with onepay

Kredivo enters into collaboration with OnePay

Kredivo, a leading buy now, pay later (BNPL) platform in Indonesia and one of the most valuable fintech unicorns in Southeast Asia, has announced a partnership with OnePay, a top payment services provider in Vietnam since 2006.
bali bans foreign tourists from using crypto for payment

Bali bans foreign tourists from using crypto for payment

The provincial government of Bali on May 28 warned tourists against paying for goods and services in cryptocurrencies on the popular resort island of Indonesia.