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cashless payment
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Give and take is not a given when money is digitized
Cashless transactions look like a win-win situation, but issues of privacy and individual freedom are far from guaranteed, and there are some disquieting implications.
E-wallets seek to grab opportunity as pandemic keeps people shopping online
Businesses are pushing cashless payment services amid demand triggered by social distancing measures imposed to curb Covid-19.
Vietjet to set up e-wallet subsidiary
The Vietjet Air board has approved the setting up of an e-wallet service in which the carrier will own a 51 percent stake.
June 16, 2020 | 11:18 am GMT+7
Has Covid-19 subverted the traditional Vietnamese consumer?
The Covid-19 pandemic has introduced many traditional Vietnamese consumers to the convenience of online shopping and they might not return to old ways.
May 14, 2020 | 09:13 am GMT+7
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.
November 11, 2019 | 10:00 am GMT+7
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.
September 24, 2019 | 07:00 pm GMT+7
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