singapore headquartered sunrate debuts in vietnams payment landscape

Singapore-headquartered Sunrate debuts in Vietnam's payment landscape

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.
vietnam accelerating towards a cashless society

Vietnam accelerating towards a cashless society

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.
visa report shows top scams impacting consumers and businesses globally

Visa report shows top scams impacting consumers and businesses globally

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.
the rapid transformation of vietnams digital payment landscape

The rapid transformation of Vietnam's digital-payment landscape

Vietnam's digital payment landscape is undergoing a remarkable transformation, driven by new regulations and innovative financial solutions.
nearly 43000 online sellers under tax review

Nearly 43,000 online sellers under tax review

On July 9, Vietnam's General Department of Taxation (GDT) announced it is reviewing 42,898 businesses and individuals that selling goods through e-commerce channels were subject to review, encouragement, and support for tax declaration and payment.
lenders stress importance of biometric measures

Lenders stress importance of biometric measures

The Vietnamese banking sector’s implementation of biometric verification for transactions has significantly enhanced payment safety and fraud prevention, despite initial technical challenges and substantial resource requirements.
foreign tech giants pay 157 million in taxes in h1

Foreign tech giants pay $157 million in taxes in H1

Foreign service providers including Google, Facebook, and Netflix, have made a tax payment of VND4 trillion ($157.34 million) in the first six months of 2024, an increase of 18.5 per cent against last year's period.
visa makes it even easier for tourism payments

Visa makes it even easier for tourism payments

Visa is offering quick, secure, and reliable contactless payments to facilitate a seamless travel experience for Vietnamese tourists.
ai becoming increasingly prevalent for e payments

AI becoming increasingly prevalent for e-payments

The rising risks of cashless payment fraud have led banks to accelerate implementation of AI-driven security measures and biometric authentication to enhance transaction safety and protect consumers.
hdbank approves dividend payment of 30 per cent in cash and stocks

HDBank approves dividend payment of 30 per cent in cash and stocks

Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank—HSX: HDB) will pay a dividend of 30 per cent for 2023, including 10 per cent in cash and 20 per cent in shares, according to a resolution announced by its Board of Directors on July 2.
visa and vnpay strengthen partnership to advance contactless payments with vnpay softpos

Visa and VNPAY strengthen partnership to advance contactless payments with VNPAY SoftPOS

Visa, a world leader in digital payments, is collaborating with VNPAY, a financial services company providing electronic payment solutions in Vietnam, to enhance contactless payments via VNPAY SoftPOS.
authorities ramp up tax inspections of livestreams

Authorities ramp up tax inspections of livestreams

Individuals and organisations involved in livestream sales and affiliate marketing on e-commerce platforms are facing the most stringent inspections ever related to tax declaration and payment.
policy on rescheduling debt repayment period extended

Policy on rescheduling debt repayment period extended

The State Bank of Vietnam (SBV) has decided to allow commercial banks to reschedule the debt repayment period and maintain the debt group for certain sectors for an additional six months, to support struggling businesses.
vietnam extends tax payment deadline for domestically manufactured cars

Vietnam extends tax payment deadline for domestically manufactured cars

The government has extended the deadline for special consumption tax (SCT) payments for domestically manufactured and assembled cars.
visa supports cashless day 2024 accelerating vietnams digital payments revolution

Visa supports Cashless Day 2024, accelerating Vietnam's digital payments revolution

Visa is continuing to support Vietnam's annual Cashless Day (June 16), aiming to propel the country's digital payment ecosystem.