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July 8, 2024

On the web

June 14, 2024

On the web

Surge in Digital Payments in Vietnam

VietNamNet News

"Vietnam has seen a surge in the adoption of innovative and secure payment methods, such as QR Code payments, contactless chip cards, biometric authentication, and data encryption. According to the State Bank, from 2021 to 2023, internet and mobile payment transactions grew by 52% and 103%, respectively. QR Code payment transactions alone increased by more than 170%."

October 27, 2022

On the web

1st Bank to Sign up for Swift Go, HDBank Seeks to Lead Payment Services Segment (Vietnam)

EIN News

“Being the first bank in Việt Nam to deploy the Swift Go service is an important milestone for HDBank in international payment activities. Swift Go is a new service from Swift (Association for Worldwide Interbank Financial Telecommunication) that enables financial institutions to offer a seamless payments experience for low value transactions (less than US$10,000) often initiated by small- and medium-sized enterprises (SMEs) to pay suppliers overseas and by individuals sending money to friends and family internationally. Using tighter service level agreements between institutions and pre-validation of data, SWIFT Go enables banks to provide their end customers a fast and predictable payments experience with upfront visibility in terms of processing times, costs and conversion rates, ensuring the recipient receives the payment, simplifying selection and speeding up the transaction processing time to less than four hours.”

July 7, 2021

On the web

Pilot Mobile Money Service to Be Licensed in Vietnam Next Month

The Star

“Local telecommunications network providers have been approved to pilot several Mobile Money services next month after more than two years of waiting. These services will allow the use of mobile phone credit to pay for small-value goods and services…In April, the State Bank of Vietnam, the Ministry of Public Security (MPS) and the Ministry of Information and Communications (MIC) officially signed regulations on the co-ordination of state management of Mobile Money paving the way for pilot projects to be launched.”

November 3, 2020

On the web

April 26, 2019

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