The rate of mobile payment in Vietnam is estimated at 29.1%, the third-highest in the world, according to Statista Digital Market Outlook.
BC Card, a Republic of Korea-based credit card issuer, has acquired 100% stake of Vietnamese point of sale (POS) terminal provider Wirecard Vietnam in a bid to expand its foothold in Southeast Asia.
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.