The Vietnam Electricity (EVN) plans to get connected with banks and other organisations by the end of August to allow customers to pay electricity bills through QR-code from September this year.
Visa has recently announced a commitment to support 10 million small businesses across Asia Pacific, including Vietnam, in an effort to get local communities back to business in the wake of the COVID-19 pandemic.
VOV.VN - Last month, the Vietnamese government approved a master plan on national e-commerce development through 2025. The plan is part of efforts to promote the digital economy whose advantages are tapped to boost competitiveness and productivity, and expand the market and exports.
Building credibility is key to the development of e-commerce, experts told a seminar held by the Vietnam Institute of Economics (VIE) in Hanoi on June 2.
A mobile money pilot project has been submitted to the Prime Minister for approval, marking a bold step for the development of payments using telecommunication accounts in Vietnam, Governor of the State Bank of Vietnam Le Minh Hung said at the dialogue between the PM and the business community last week.
The banking sector will ensure adequate capital to keep the economy going, according to an official from the State Bank of Vietnam (SBV), amid the novel coronavirus disease (COVID-19) which is taking heavy toll on the economy.
Cashless payments grew strongly in 2019, with 635,000 transactions worth a total of VND380 trillion recorded each day, according to statistics from the State Bank of Vietnam (SBV).
Cashless payments would not only increase of the circulation of capital, it would also help boost the internet economy, said Deputy Prime Minister Vu Duc Dam.
Direct-to-consumer sales, particularly subscriptions, could be the next phase of online shopping in Vietnam as the model sees a wave of investment from major companies worldwide.
Vingroup’s loyalty program VinID has been permitted to operate e-wallet services, furthering the private conglomerate’s foray into cashless payment.
The State Bank of Vietnam (SBV) has announced that June 16 will be designated as Cashless Day.
Vietnamese banks are proposing tax incentives for businesses adopting e-payments as a way to boost cashless payments.
Payments of import-export taxes and fees to customs authorities must all be conducted via cashless payment methods or through credit institutions from the beginning of April, according to a requirement recently issued by the General Department of Vietnam Customs.
Deputy Prime Minister Vuong Dinh Hue announced a draft resolution of the Government on key tasks and solutions to achieve socio-economic development goals and State budget estimate for 2019 during a conference on December 28.