Mastercard presented an overview of Vietnam’s remarkable transition toward digital payments, while highlighting a series of innovative initiatives that promote more modern, safe, and seamless cashless spending behaviours at the recent '“Cashless Day 2025' conference.

VOV.VN - Ting Ting Day 2025 officially kicked off at Nguyen Hue Walking Street, Ho Chi Minh City, marking the start of a series of activities under the Cashless Day 2025 programme.

Cashless payment activities and the digital transformation of the banking sector is continuing to achieve positive results.

Vietnam's digital payment ecosystem is undergoing a remarkable transformation, driven by a tech-savvy population, government initiatives, and innovative financial solutions, according to finextra.com, a leading UK newswire and information source for worldwide financial technology.

It is an urgent need to strengthen security for online transactions amidst burgeoning cashless payments, an official from the central bank has said, referring to biometric authentication to be mandatory from July 1.

The Government’s policy of promoting cashless payment has triggered the spread of online payments in Vietnam as well as the race of new technologies, contributing to boosting the digital economy.

The Hanoi authorities on October 7 held an event to promote cashless payments in Hoan Kiem district.

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% by 2025.

Prime Minister Pham Minh Chinh chaired the 6th meeting of the National Committee on Digital Transformation and a conference on digital transformation tasks in Hanoi on July 12.

With emerging technologies such as AI and blockchain, Vietnam has the ability to leverage data connectivity to create ‘an integrated payment ecosystem’ to promote cashless payments, experts said at a recent meeting in HCM City.