citi commends local banks at asean roadshows

Citi commends local banks at ASEAN roadshows

Citi recognised the outstanding performance of 11 Vietnamese banks during its Financial Institutions Roadshows, held in Hanoi on August 18 and Ho Chi Minh City on August 21.
central bank joins regional payment connectivity expansion

Central bank joins regional payment connectivity expansion

The State Bank of Vietnam (SBV), has officially joined the Regional Payment Connectivity (RPC) initiative.
visa brings apple pay to vietnamese cardholders

Visa brings Apple Pay to Vietnamese cardholders

Visa, a world leader in digital payments, has brought its cardholders Apple Pay, a safer, more secure, and private way to pay that helps them avoid handing their payment card to someone else, touching physical buttons, or exchanging cash – and uses the power of iPhone to protect every transaction.
apple pay debuts in vietnam

Apple Pay debuts in Vietnam

Tech titan Apple has broadened its payment horizons, announcing the availability of Apple Pay in Vietnam. The service, which facilitates digital transactions across its iPhone, Apple Watch, iPad, and Mac devices, allows Vietnamese customers to streamline their everyday purchases, be it at brick-and-mortar stores or online.
fintech groups and banks linking up for new payment partnerships

Fintech groups and banks linking up for new payment partnerships

Vietnam’s payment fintech landscape is witnessing a surge in partnerships between foreign giants like Apple Pay and local banks, while local payment apps are teaming up with international firms, signalling promising growth prospects for the digital payment sector.
vietnam registers complaint on trade fraud in middle east

Vietnam registers complaint on trade fraud in Middle East

When negotiating with foreign companies, the Ministry of Industry and Trade (MoIT) advises Vietnamese companies to be cautious and arrange payment terms with care.
vietnam considers risk free bonds

Vietnam considers risk-free bonds

The Government has assigned the Ministry of Finance to study a proposal to allow the State Bank of Vietnam to guarantee payment of bank bonds, just like with bank deposits.
visa expands digital payment acceptance for electricity bills in vietnam

Visa expands digital payment acceptance for electricity bills in Vietnam

Visa, a world leader in digital payments, announced on July 21 that electricity consumers will now be able to enjoy the convenience and security of paying their energy bills with their Visa cards.
apple pay set to launch in vietnam

Apple Pay set to launch in Vietnam

Apple Pay, the popular mobile payment service from the American tech giant, is soon to make its debut in Vietnam.
165 million people fell into poverty in 3 years of crisis un

165 million people fell into poverty in 3 years of crisis: UN

The Covid-19 pandemic, the cost-of-living crisis and the war in Ukraine have pushed 165 million people into poverty since 2020, the United Nations said Thursday, calling for a pause in debt repayments for developing countries.
cambodia launches inter bank payment system

Cambodia launches inter-bank payment system

The National Bank of Cambodia (NBC) has formally rolled out the Cambodian Shared Switch (CSS), a chip-and-card inter-bank payment system, following a pilot run since October 2017.
mastercard expands collaboration with smartpay to accelerate cashless payment adoption

Mastercard expands collaboration with SmartPay to accelerate cashless payment adoption

SmartPay and Mastercard have announced a significant expansion of their strategic partnership in Vietnam on July 5, with the aim of implementing a digital payment service through Mastercard's QR code. The primary objective of this collaboration is to bolster the digital payment acceptance capabilities of micro, small, and medium-sized enterprises and empower them in their operations.
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.