Cashless payment has become more popular in all sectors, including restaurant and catering services, according to Winnie Wong, Mastercard’s Country Manager for Vietnam, Cambodia and Laos.

The Vietnam Social Security (VSS) will step up the application of information technology, and carry out digital transformation in a comprehensive manner so as to better serve businesses and people, especially amid the COVID-19 pandemic.

Vietnam has seen a digital wave in the finance-banking industry, with many lenders investing significantly in digitisation, experts have said.