Monday, October 15 2018

VietNamNews

Việt Nam supports cashless payments: Deputy PM

Update: October, 03/2018 - 10:03
Deputy Prime Minister Vương Đình Huệ (r) receives Anthony Tan, CEO and co-founder of Grab – a ride-hailing platform in Southeast Asia in Hà Nội yesterday. — VNA/VNS Photo Dương Giang

HÀ NỘI — The Vietnamese Government will continue to support and solidify legal regulations for cashless payment systems, Deputy Prime Minister Vương Đình Huệ told Anthony Tan, CEO and co-founder of Grab – a ride-hailing platform in Southeast Asia which has become popular in Việt Nam over the past five years. 

During a reception in Hà Nội yesterday, the Deputy PM said that cashless payment reform was another step towards e-government, and as such the Government would pay close attention to the issue, especially for online public services payments. 

He said there were 78 credit organisations supplying cashless payment services and 28 others offering other mediums of payment such as e-wallet and electronic payment portals in Việt Nam. 

Apart from facilitating payments, he said that Việt Nam’s legal regulations must ensure financial safety and prevent money laundering. 

The host asked Grab to send applications to Việt Nam’s agencies to launch cashless payment services and consider expanding into logistics in the country. 

Tan expressed his wishes that Việt Nam would allow the opening of e-wallets without connecting to bank accounts. He suggested that e-wallets could be registered at convenience stores and the e-KYC (Know Your Customer) process would be enabled to reduce turnaround time and paperwork. 

He said Grab wanted to assist Việt Nam in building and launching online payments for public services under the e-government project.

At the World Economic Forum on ASEAN 2018 held in mid-September in Hà Nội, Grab also offered other suggestions on developing cashless payment to the Vietnamese Government. — VNS

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