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Give and take is not a given when money is digitized

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

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.
July 29, 2020 | 03:08 pm GMT+7
Vietjet to set up e-wallet subsidiary

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?

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

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 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

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

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

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

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

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 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
 
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