Visa financial services corporation announced that it has joined hands with Moca e-wallet on the Grab application.

A host of events and activities will be held virtually on Cashless Day 2021 (June 16) to raise public awareness of non-cash payment and contribute to achieving goals set by the national financial inclusion strategy by 2025, with a vision towards 2030.

Vietnam is marching towards becoming a cashless society with new methods of electronic payments being deployed widely, but security risks come hand in hand with new technologies and applications.

VOV.VN - Though Euromonitor International estimates that although e-commerce made up just 3% of the Vietnamese retail market last year, the smallest figure among the major economies of Southeast Asia, the potential for growth remains alluring.

Demand for deposits by individuals have increased significantly in recent months as people tended to switch to cashless payment methods, especially in the context of the COVID-19 pandemic.

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 Indonesian-based Gojek will launch car-hailing and e-payments in Vietnam this year, which Grab and the Be Group have offered for a couple of years already.

Vietnam ranks 70th among 190 economies in this year's Doing Business 2020 report released by the World Bank (WB). One year earlier, it ranked 69th, and in 2018, it was 68th.

Over the past decade and a half, VNG has diversified into cloud computing, ads, digital payments and media, and built up one of the biggest digital user bases in Vietnam, said an article recently published on the Japanese newspaper Nikkei Asia.

Forms of digital payment have become more popular in Vietnam, particularly e-wallets and QR codes.