According to a report by Vietnam National Payment Joint Stock Company (Napas), many people are more accustomed to spending through cards, banking applications, instead of cash withdrawals.
If in 2018, 62% of people use bank cards to withdraw cash, this figure has decreased to 42% in 2019. Data from Napas shows that people tend to shift from cash withdrawal to spending. money, to non-cash payments via electronic banking channels.
In fact, on banking applications, many services are available such as paying for electricity, water, and telephone, then allowing to link with e-commerce sites to buy many other items. The total value of transactions in these forms increased by more than 170% last year.
Banks also continuously launch promotions, refunds for card spending to encourage people to pay without using cash, reduce the load for cash withdrawal needs that cause congestion at ATMs at the end of the year.
Other News
Vietcombank đã chuyển đổi hơn 1 triệu thẻ chip
Bà Nguyễn Hồng Vân – Giám đốc Trung tâm thẻ Ngân hàng TMCP Ngoại thương (Vietcombank) cho biết ngân hàng đã phát hành mới và chuyển đổi gần 1 triệu thẻ Vietcombank Connect24 Chip Contactless (thẻ công nghệ chip và không tiếp xúc). Tính đến ngày 15.2, Vietcombank hoàn thành chuyển đổi 40% ATM đáp ứng tiêu
Details
Electronic payment dominated
Many people opt for non-cash payments when shopping for goods or services during the time of Covid-19 outbreak. Banks scrambled to lower the floor fee for people to increase their use of electronic banking services. Change habits, psychology of people In order to promote cashless payment, the State Bank decided to exempt and reduce service
Details
Electronic payments spike in Covid-19
Users switch to payment via cards, mobile applications, QR codes … to increase safety and convenience in Covid-19, and enjoy incentives from the bank. Never used a banking application to pay bills, Ms. Thu Hong (District 8, Ho Chi Minh City), surprised by the convenience of this method. “The recent payment of utility bills, for
Details
Vietnam Card Day 2020 inspires access to and experience with modern and convenient banking and payment services
“Vietnam Card Day 2020” includes a series of events, starting from November 7, 2020 in Hanoi, with the theme Arousing internal resources from the COVID-19 crisis, promoting the development of non-cash payments. . Under the content direction of the State Bank of Vietnam, ‘‘ Vietnam Card Day 2020 ’is organized by Tien Phong Newspaper and
Details
Payment via e-wallet, how to ensure safety and convenience?
Using electronic wallet to pay online instead of cash is becoming a trend of Vietnamese consumers. But technology wallets are also the target of cyber attacks … E-wallet is the target of hackers According to Mr. Le Anh Dung – Deputy Director of Payment Department (State Bank of Vietnam), the State Bank has licensed 37
Details
“Chiping” to limit risks
Upgrading the card issuing system will have to go along with the upgrade of the switching system. Banks have to invest more, but they have to accept because this is an indispensable demand, in line with the general trend of countries around the world, contributing to ensuring security, safety, information security, preventing prevent frauds in
Details
