Việt Nam to stop issuing magnetic strip cards from March

Vietnamese banks will only be allowed to issue chip cards from March 31, 2021, according to a State Bank of Việt Nam (SBV) draft circular.

More Vietnamese consumers set to use cashless payments: Visa country chief Cashless payments in Việt Nam is now strongly development. Đặng Tuyết Dung, Visa Country Manager for Việt Nam and Laos,speaks about the trend and the benefits cashless payments bring to merchants and consumers.

Costly investment required to entice QR code users A QR code is similar to a bar code and made up of black and white squares that can be read by various devices, including smartphones and point of sale (POS) terminals.

New steps to speed up replacement of magnetic strip ATM cards The National Payment Corporation of Việt Nam (NAPAS) has announced a fee reduction for its local switching system services with an aim to encourage banks replacing their current magnetic strip ATM cards with chip cards ahead of schedule.

EFT Solutions announces FY2019 9-month results EFT Solutions announces FY2019 9-month results

Central bank issues roadmap for ATM card upgrades

Under a new regulation, commercial banks will have to switch 30 per cent of their current magnetic strip ATM cards – more than 25 million in total – to chip cards by the end of this year to enhance safety and service quality.

EFT Solutions Announces FY2018/19 1H Results Revenue and Profit Increased Significantly by 91.6% and 225.7% Respectively EFT Solutions Announces FY2018/19 1H Results Revenue and Profit Increased Significantly by 91.6% and 225.7% Respectively

EFT announces positive profit alert and expects a substantial increase in profit for 2018/19FY 1H EFT announces positive profit alert and expects a substantial increase in profit for 2018/19FY 1H

EFT Solutions Announces FY2019 Q1 Results Revenue and Profit Increased Significantly by 162.5% and 373.7% Respectively EFT Solutions Announces FY2019 Q1 Results Revenue and Profit Increased Significantly by 162.5% and 373.7% Respectively

Samsung Pay Expands Partnership With Banks: Customers Win

Recently, Samsung has announced three brand new features on Samsung Pay: availability of the service on Gear S3, ATM cash withdrawals, and a Loyalty Card.