Starting January 5, 2026, banks in Vietnam will be required to verify biometric information from customers when issuing new cards.
The National Payment Corporation of Vietnam (Napas) and seven domestic banks recently launched domestic credit chip cards with unified standards to promote cashless payments and tackle black credit.
“Vietnam Card Day 2020”, the first of its kind, was officially launched on in Hanoi on October 29 with an aim to promote non-cash payments in the country.
In the wake of new advances in science and technology that pose challenges to security and confidentiality, the State Bank of Vietnam (SBV) is drafting amendments to Circular 47/2014/TT-NHNN with new technical regulations on security and confidentiality for the card payment system.