Chủ đề: non-cash payment

The State Bank of Vietnam (SBV) has said it will introduce five groups of solutions to further promote non-cash payments. Notable solutions include perfecting the legal framework, amending and supplementing a number of laws and decrees related to banking activities; building and promulgating a mechanism for the controlled testing of fintech activities in the banking sector; developing modern payment services; and developing infrastructure, upgrading the inter-bank electronic payment system.

Non-cash payments have developed strongly in many fields because of the Covid-19 pandemic, including food and beverages (F&B). Vietnam has developed non-cash payment methods for the sector, which has opened up further development opportunities.

“Cashless Day 2021” hears of growth in non-cash payments and the benefits to the economy.

The State Bank of Vietnam (SBV) will submit a project to develop non-cash payments to the government this month for consideration and promulgation.

Vietnam is seeing among the highest growth in e-payments in the world, at about 35 per cent each year, of which e-wallets have found particular favor among the population as a modern and convenient method of payment.

Many banks and businesses have applied modern technologies to their services amid the pandemic, such as eKYC (electronic know-your-customer, for account openings), QR codes, and non-cash payment services in order to offer customers a more convenient experience.