cashless payments soaring in first half of 2024

Cashless payments soaring in first half of 2024

The total value of cashless payments through Payoo experienced a sharp rise in the first half of 2024, up by 58 per cent over the same period last year.
cashless payments in vietnam open for a bright future of retail

Cashless payments in Vietnam open for a bright future of retail

Visa, a global leader in digital payments, on March 19 unveiled insights into Vietnam's payment landscape with its latest Consumer Payment Attitudes (CPA) study, highlighting the surge in cashless transactions and offering a comprehensive overview of the future of retail in the country.
cashless payments surge by over 63 per cent

Cashless payments surge by over 63 per cent

Non-cash payment transactions increased by 63.3 per cent in volume and 41.45 per cent in value in January, compared to the same period last year, the State Bank of Vietnam (SBV) has announced.
cashless society ambitions offered a helping hand

Cashless society ambitions offered a helping hand

Vietnam is swiftly revolutionising its financial sector by phasing out outdated card technologies, embracing non-cash solutions, and enacting laws to enhance security.
cashless payments in e commerce to account for 50 per cent by 2025

Cashless payments in e-commerce to account for 50 per cent by 2025

The Ministry of Industry and Trade (MoIT) has set a target to increase the cashless payment ratio in e-commerce, especially e-payments through payment intermediaries or applications, to 50 per cent by 2025.
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.
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.
bnpl catalyses cashless payments in e commerce market

BNPL catalyses cashless payments in e-commerce market

As Buy Now, Pay Later (BNPL) becomes more popular in the nation, experts have shared their insights into the prospects of this new payment service as a catalyst to the growing cashless payments in Vietnam’s e-commerce market.
cashless payments take over the streets

Cashless payments take over the streets

Cashless payments made through scanning QR codes or other online payment methods at grocery stores or roadside eateries are becoming a bigger habit of many Vietnamese consumers.
measures proposed to accelerate mobile money service deployment

Measures proposed to accelerate Mobile Money service deployment

Telcos are proposing diverse measures to boost the headcount of Mobile Money service users, accelerating the journey to cashless payments across the country.
leaders lay stepping stones for financial inclusion

Leaders lay stepping stones for financial inclusion

Vietnamese authorities are sticking to their target of moving towards a digitally-led economy by increasing cashless payments for public services, in which the non-cash payment value would be 25 times higher than GDP.
mobile money to bridge service divide

Mobile money to bridge service divide

While telecommunications firms keep a wait-and-see stance on SMS service charge reductions despite mounting worries from banks. the forthcoming adoption of mobile money from some state-run groups is expected to bridge the gap between urban and rural areas in convenient cashless payments.
vietnam accelerates the development of regulatory sandbox for fintech

Vietnam accelerates the development of regulatory sandbox for fintech

The Vietnamese government is pushing forward a regulatory sandbox for fintech banking and cashless payments with a view to support the development of the local fintech scene.
visa extends support of cashless day to drive growth of non cash payments in vietnam

Visa extends support of Cashless Day to drive growth of non-cash payments in Vietnam

Visa, the world’s leader in digital payments, is celebrating Cashless Day in Vietnam by raising awareness to the benefits cashless payments provide businesses and consumers across the country.
visa survey spots momentum for cashless payments

Visa survey spots momentum for cashless payments

Visa, the world’s leader in digital payments, has released its Consumer Payment Attitudes study in Vietnam that sheds light on how behaviour has changed during the COVID-19 pandemic towards a cashless economy. Dang Tuyet Dung, Visa country manager for Vietnam and Laos shared with VIR’s Thanh Van her insight into the report and the fast-paced change in Vietnam’s digital payment landscape.