The National Payment Corporation of Vietnam (NAPAS) announced exemptions and reductions on service fees on electronic switching for local banks.
Cashless payments would not only increase of the circulation of capital, it would also help boost the internet economy, said Deputy Prime Minister Vũ Đức Đam.
Commercial banks are expected to lower lending interest rates after getting more support to cut input costs from the State Bank of Việt Nam (SBV)’s agencies this week.
Prime Minister Nguyễn Xuân Phúc hosted a reception in Hà Nội yesterday for Alfred Kelly, CEO of Visa – a global payment technology company.
Nguyễn Quang Hưng, former deputy director of the State Bank of Việt Nam’s Information Technology Department, has been appointed general director of the National Payment Corporation of Việt Nam (Napas).