Financial firms extended loan dues for more than 223,000 borrowers whose outstanding loans stood at VND151 trillion (US$6.49 billion) by May 25, according to the State Bank of Vietnam.
The National Payment Corporation of Vietnam (NAPAS) and the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) on April 16 announced a COVID-19 discount programme for businesses providing transportation services.
The fees for fast interbank fund transfers will be cut for the second time this year to promote cashless payments amid the rapid spread of the COVID-19 outbreak, the National Payment Corporation of Vietnam (NAPAS) announced on March 16.
The banking sector will ensure adequate capital to keep the economy going, according to an official from the State Bank of Vietnam (SBV), amid the novel coronavirus disease (COVID-19) which is taking heavy toll on the economy.
Cashless payments would not only increase of the circulation of capital, it would also help boost the internet economy, said Deputy Prime Minister Vu Duc Dam.
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.
The National Payment Corporation of Vietnam (NAPAS) has become the President of the Asian Payment Network (APN) for 2020 at the recent 15th annual meeting of the network in Hanoi.
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.
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.
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’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 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.
The National Payment Corporation of Vietnam (NAPAS) recently completed the building of a standard set for domestic cards, according to State Bank of Vietnam (SBV).
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.
VOV.VN - Vietnam’s e-commerce growth for 2017 was estimated to be about 25% and that rate is predicted to be maintained this year.
Banks and payment gateways are now the most effective way for hi-tech criminals to transfer dirty money and conduct illegal actions.
Protecting internet users’ personal information remains a problem in Vietnam as current laws do not mention the issue, according to Nguyen Quang Dong from the Institute for Policy Studies and Media Development (IPS).
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.
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.
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.