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cashless payment
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Digital payment market consolidates under big names
Although Vietnam has 28 licensed e-wallets, 70-90 percent of market share has shifted between six big players.
Vingroup unit licensed to offer e-wallet services
Vingroup’s loyalty program VinID has been permitted to operate e-wallet services, furthering the private conglomerate’s foray into cashless payment.
South Korean firm to invest $700 mln towards cashless payment in Vietnam
Financial solutions firm Alliex will invest over $700 million to build shared Point of Sales (POS) across Vietnam.
September 21, 2019 | 09:00 am GMT+7
SBV to remove daily transaction cap for e-wallets
The State Bank of Vietnam plans to scrap the VND20 million ($856) daily transaction limit for e-wallet users, only retaining a monthly cap.
June 13, 2019 | 09:13 am GMT+7
E-wallets Vimo and mPOS to merge
NextPay, formed by the merger of Hanoi-based payment startups Vimo Technology and Vietnam mPOS Technology, will raise $30 million.
June 12, 2019 | 08:59 am GMT+7
Tax incentives can speed up cashless payment in Vietnam
Vietnamese banks are proposing tax incentives for businesses adopting e-payments as a way to boost cashless payments.
May 02, 2019 | 04:39 pm GMT+7
Vietnam tops world in growth of mobile payment users
The number of Vietnamese people making mobile payments in stores this year has grown fastest globally by 24 percent.
March 19, 2019 | 08:03 pm GMT+7
Vietnam spells out ambitious goal to improve business environment
Vietnam wants to climb 5-7 places in the World Bank’s ease of doing business rankings and reach the top four in Southeast Asia.
January 03, 2019 | 02:36 pm GMT+7
