HCM City, the country’s commercial hub, has the potential to become a fintech hotspot of the country and region, according to experts.
The total value of transactions via the automatic teller machines (ATMs) and points of sale (POS) last year surged sharply by 34 per cent against the previous year.
Credit card holders will not be allowed to withdraw cash at card readers of domestic points of sale (POS) from March this year, says the State Bank of Việt Nam (SBV).
Việt Nam saw a decline in cash withdrawals for the third consecutive year in 2017, with the rate reducing from 15 per cent in 2016 to 10 per cent in 2017, reports from the State Bank of Việt Nam (SBV) showed.
MPOS Việt Nam Technology Joint Stock Company and Malaysia’s payment service provider GHL Systems Berhad on Tuesday signed a strategic co-operation agreement on electronic payments.
The State Bank of Việt Nam has issued a plan to develop card payment using card readers at points of sale (POS) and mobile points of sale (mPOS) from 2017 to 2020.