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MoMo leads in e-wallet market: poll

MoMo leads in e-wallet market: poll

MoMo was voted the most popular electronic wallet in Vietnam in 2019 in a poll conducted by Nhip Cau Dau Tu (Investment Bridge) magazine.

E-wallet users likely to update personal information

E-wallet users likely to update personal information

The central bank is seeking comments on a draft circular revising and supplementing some articles of Circular 39 on payment intermediaries, including asking e-wallet users to provide additional personal information.

Telecoms firms ready for mobile money service

Telecoms firms ready for mobile money service

Telecommunications firms are ready to pilot a mobile money service thanks to their modern technology infrastructure, customers, wide transaction point networks and financial resources.

Banks to hike service fees this month

Banks to hike service fees this month

After two months postponing the increase in service fees for ATM cash withdrawals as required by the central bank, some commercial banks have now resumed the plan, announcing that a new service fee framework will apply from the middle of this month.

Vietnam Airlines allows payment by QR code

Vietnam Airlines allows payment by QR code

Vietnam Airlines has announced that it will start to allow customers to buy tickets using QR code through the National Payment Corporation of Vietnam (NAPAS) and VNPay.

Will Spotify trigger a battle in the online music market?

Will Spotify trigger a battle in the online music market?

Analysts still believe that Spotify will have a hard time succeeding in Vietnam, where people usually sign up for free music websites. But others believe they will prosper as their free and paid services offer the same quality of music.

Vietnam ditching leather for e-wallets

Vietnam ditching leather for e-wallets

Electronic wallet (e-wallet) services are becoming more popular in Vietnam, with a number of new e-wallet services officially licensed in the last year and a half.

The big players in the fintech market

The big players in the fintech market

In 2007, the State Bank began testing intermediary payment services. Nine pioneers in the market received licenses to provide services. By February 2017, the number of service providers had reached 20, each of which targeted specific groups of clients.

Foreign capital eyeing Vietnamese fintech

Foreign capital eyeing Vietnamese fintech

Foreign investment funds have expressed renewed interested in Vietnamese financial technology startups, despite a series of challenging setbacks that occurred in previous e-commerce deals.