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Banks get more support to cut interest rates

Banks get more support to cut interest rates

Commercial banks are expected to lower lending interest rates after getting more support to cut input costs from the State Bank of Vietnam (SBV)’s agencies this week.

First domestic chip cards launched

First domestic chip cards launched

The Vietnam Bank Card Association, in collaboration with the National Payment Corporation of Vietnam (NAPAS) and 7 commercial banks, launched the first domestic chip cards on May 28.

Magnetic ATM cards replaced with chips beginning May 28

Magnetic ATM cards replaced with chips beginning May 28

Commercial banks in Vietnam will initially replace some 21 million magnetic ATM cards with chip cards beginning May 28, as the State Bank of Vietnam (SBV) has ordered issuing banks to convert their 75 million ATM cards to new chip cards.

PM Phuc highlights Visa’s presence in Vietnam

PM Phuc highlights Visa’s presence in Vietnam

VOV.VN -Prime Minister Nguyen Xuan Phuc was appreciative of the US company’s presence in Vietnam over the last two decades, as well as its close coordination with the State Bank of Vietnam (SBV) and other Vietnamese partners.

Vietnam to have first domestic chip cards in Q1 2019

Vietnam to have first domestic chip cards in Q1 2019

Vietnam’s first domestic chip cards will be launched in the first quarter of 2019 to enhance safety and service quality of the country’s bank card operations, according to the National Payment Corporation of Vietnam (NAPAS).

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.

Vietnamese currency security faces big challenges from technology

Vietnamese currency security faces big challenges from technology

Modern technology remains a challenge for Vietnamese authorities in managing currency security as recently the northern province of Quang Ninh discovered illegal money transferring activities via Chinese points of sale (POS) installed in a local store.

Petrolimex to launch non-cash payment service

Petrolimex to launch non-cash payment service

Domestic ATM card holders of 41 National Payment Corporation of Vietnam (NAPAS) member banks can pay by card at the Vietnam National Petroleum Group (Petrolimex)’s petrol stations nationwide from August 1.

VND320 trillion paid via NAPAS system in 2016

VND320 trillion paid via NAPAS system in 2016

Total transaction value paid via the system of the National Payment Corporation of Vietnam (NAPAS) reached VND320 trillion (US$14.1 billion) in 2016, nearly doubling from 2015.

Vietjet offers 15% discounts on ATM card payments

Vietjet offers 15% discounts on ATM card payments

VOV.VN - Vietjet and the National Payment Corporation of Vietnam (Napas) have teamed up for a promotion offering up to 15% discount on air ticket prices for all passengers making bookings at www.vietjetair.com with ATM cards.

FPT builds financial switching system for Myanmar

FPT builds financial switching system for Myanmar

VOV.VN - The Myanmar Payment Union (MPU) has signed a memorandum of understanding (MoU) with FPT Group and the National Payment Corporation of Vietnam (NAPAS) to implement a project on building a financial switching system for Myanmar.