Digital payments in Vietnam have continued to expand rapidly, with QR code transactions soaring by more than 150% in value, according to a report released by the State Bank of Vietnam (SBV) on October 29.

VOV.VN - Popular mobile payment service Apple Pay officially debuted in Vietnam on August 8.

The banking sector hopes that by 2025, the volume of mobile payment transactions will grow by 50 - 80% while transaction value will surge 80 - 100% annually.

The rate of mobile payment in Vietnam is estimated at 29.1%, the third-highest in the world, according to Statista Digital Market Outlook.