E-wallet users rush to verify information E-wallet users must authenticate the information by uploading a picture of a valid ID card or passport or face being temporarily locked out of the service.

Several positive factors keep đồng steady against greenback The foreign exchange market is witnessing an unusual phenomenon: the đồng is not just steady against the US dollar but also 0.16 per cent up from its rate at the end of late 2018.

Fintech firms worry about possible foreign ownership limit in payment intermediaries

A draft regulation put forward by the State Bank of Viet Nam (SBV) that would limit the foreign ownership rate in the payment intermediary service sector to 49 per cent was discussed at a workshop in Hà Nội yesterday.

State bank to lower foreign ownership in payment intermediaries The State Bank of Việt Nam (SBV) plans to lower the foreign ownership rate in the payment intermediary service sector to 49 per cent instead of leaving it unrestricted to avoid manipulation by foreign investors in the field.

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.

Buybacks expected to perk up bank stocks On October 10, the HCM City Development Joint stock Commercial Bank (HDBank) announced that its shareholders had approved a plan to buy a maximum of 5 per cent of its 981 million shares being traded on the market, equivalent to 49 million shares.

Dept of Industry and Trade to continue support of enterprises: HCM City official

Phạm Thành Kiên, director of HCM City's Department of Industry and Trade (DoIT), speaks to the Người Lao động (The Labourer) newspaper about the department’s work plan for 2019.

F88 raises funding from European investor

Hà Nội-based pawn shop chain F88 has successfully raised a new round of financing from Dublin-based investor Granite Oak Advisors.

Banks jump into the e-wallet business

More and more banks are entering the e-wallet business as they see huge growth potential in the wake of the Government’s plan to reduce cash payments to below 10 per cent of all transactions by 2020.

Foreign investors eye Việt Nam’s e-wallet market

Foreign investors have poured into Việt Nam’s e-wallet sector as they huge growth potential in the market in the wake of the Government’s plan to reduce cash payments to below 10 per cent of the total by 2020.