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Update news contactless payment
Non-cash payments have increased sharply in recent time in Viet Nam, but more efforts are needed to increase their rate, experts said.
The State Bank of Vietnam (SBV) have requested that banks move to disinfect bills whilst also encouraging people to use contactless forms of payment in an effort to contain the spread of the novel coronavirus (COVID-19) among the wider community.
Contactless payment is becoming trendy in Vietnam thanks to the growth of technology and the country’s young population.
VietNamNet Bridge - The non-cash payment service market, a lucrative one in Vietnam, is mostly under control of foreign service providers.