MobiFone to be first ICT operator licensed to deploy mobile money in Vietnam

MobiFone to be first ICT operator licensed to deploy mobile money in Vietnam

MobiFone is the first local telecommunications operator to be granted permission to trial mobile money services across the country until November 2023.
SCB receives 2020 STP Award from Bank of New York Mellon

SCB receives 2020 STP Award from Bank of New York Mellon

SCB was honoured by The Bank of New York Mellon with the prestigious Straight-through Processing (STP) Award for the third consecutive year.
Grab proposes solutions to accelerate Vietnam's digital economy and e-commerce growth

Grab proposes solutions to accelerate Vietnam's digital economy and e-commerce growth

Nguyen Thai Hai Van, CEO of Grab Vietnam has proposed three solutions to propel digital economy and e-commerce development in Vietnam.
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 is celebrating Cashless Day in Vietnam by raising awareness to the benefits cashless payments provide businesses and consumers across the country.
Mobile transactions in Vietnam to grow by three times by 2025

Mobile transactions in Vietnam to grow by three times by 2025

Mobile transactions in Vietnam are expected to increase by 300 per cent between 2021 and 2025, led by strong growth in mobile payments.
Viettel ready to provide Mobile Money service to all customers

Viettel ready to provide Mobile Money service to all customers

In line with the PM's approval of the two-year trial, Viettel is ready to roll out the new service for its customers.
Vietnam to allow banks to use foreign e-wallets for int’l payments

Vietnam to allow banks to use foreign e-wallets for int’l payments

The State Bank of Vietnam is drafting a circular regarding cashless payments which might allow domestic commercial banks and domestic intermediary payment companies to co-operate with foreign intermediary payment companies to provide international payment services.
Big-league funders at GoPay to push payments transformation

Big-league funders at GoPay to push payments transformation

The investment of Facebook and PayPal into Gojek might pave the way for its in-app e-payment services to enter Vietnam, but it is not an easy mission due to the fierce domestic competition. 
Scrutinising rules for transfer pricing

Scrutinising rules for transfer pricing

The implementation of the government’s Decree No.20/2017/ND-CP dated February 2017 and Circular No.41/2017/TT-BTC dated April 2017 – both effective from May 2017 and applied from the fiscal year of 2017 onwards – has raised several concerns among taxpayers regarding transfer pricing (TP) rules.
Grab bags $850 million from Japanese investors

Grab bags $850 million from Japanese investors

Grab will use the invesment to create accessible and affordable financial services for Southeast Asia in order to boost financial inclusion in the region.
SBV reneges on 49 per cent FOL proposal for fintech companies

SBV reneges on 49 per cent FOL proposal for fintech companies

The SBV has reneged on its intentions to add a 49 per cent FOL for payment intermediaries and fintech firms in the draft decree on non-cash payments.
Razer and Visa join forces to transform payments in Southeast Asia

Razer and Visa join forces to transform payments in Southeast Asia

Razer and Visa have announced a first-of-its-kind partnership that will transform payments in the gaming industry.
Unregistered POS payments cause tax losses

Unregistered POS payments cause tax losses

Using unregistered point-of-sale (POS) machines to transfer payment may result in tax losses for the local authorities, according to specialists.
Hà Nội to develop non-cash payments

Hà Nội to develop non-cash payments

The Hà Nội People’s Committee recently issued a plan to develop non-cash payments, urging all supermarkets and restaurants to put in place cashless payment devices or systems by 2020.
Mobile payment revenue to double

Mobile payment revenue to double

Mobile payments (m-payments) revenue in Asia-Pacific is expected to double from 2009 in the next five years, reaching $1.6 billion.