Tuesday, March 28, 2023 5:59:41 PM - Markets open
VN-INDEX 1,054.29 +2.04/+0.19%
HNX-INDEX 205.76 -0.91/-0.44%
UPCOM-INDEX 75.58 -0.10/-0.13%
Cashless payments continue to grow in popularity
https://vietnamnews.vn - 1/24/2023 1:42:05 PM
 (0 ratings. You must sign in to rate.)
Cashless payment and transaction channels are increasingly popular, with commercial banks, e-wallets and fintech companies promoting the application of technology for online payments.
 
 
Using QR codes to process payments has been increasing in popularity over the past 12 months, and the trend shows no signs of slowing down.
 
Cashless payment and transaction channels are increasingly popular, with commercial banks, e-wallets and fintech companies promoting the application of technology for online payments.
 
Many customers now choose cashless payments, the most popular being a payment card, followed by scanning a QR code and transferring money.
 
Card payment sales at many goods and service suppliers have also increased significantly. Commercial banks and e-wallet companies said that cashless transactions are even more popular now than during the COVID-19 pandemic.
 
Ngô Trung Lĩnh, General Director of Viet Union Online Services Corporation, said its Payoo payment platform recorded increased cashless payment transactions in the post-COVID recovery phase last year.
 
New payment methods, such as e-wallets or QR code scanning, have grown significantly. Non-cash payment methods will continue to grow on last year, including QR codes.
 
"Enterprises are ready for infrastructure with low investment costs, bringing convenience to people when paying. The outstanding method that meets the above factors and is likely to explode next year is paying via QR codes," said Lĩnh.
 
With a mobile phone in hand, he added that they could open banking applications or e-wallets to choose a source of money to scan the code and make payments.
 
QR payments have even gone international. National Payment Corporation of Việt Nam (NAPAS) and Thailand’s National ITMX (NITMX) recently announced the completion of a retail payment connection using QR codes.
 
In the first phase of implementing this project, Thai tourists can scan VietQR codes to pay for goods and services at payment acceptance units of TPBank and BIDV.
 
Vietnamese tourists who are customers of TPBank and Sacombank can scan ThaiQR codes at nearly eight million payment points in Thailand.
 
NAPAS will continue to cooperate with NITMX to expand member banks to meet the demand of tourists in the two countries this year.
 
Newer News
16:48 MoF proposes changes to preferential tax policies
27/03 Corporate bond issuance surges in March after prolonged inactivity
27/03 Banks underwriting bonds should buy back bonds: central bank
22/03 IFC partners with SHB to boost lending for Việt Nam’s smaller businesses
20/03 Interest rates reduce in all markets in wake of central bank’s policy rate cut
17/03 Central bank must keep a close on the financial market: WB
16/03 Central bank makes first rate cut since 2020 to support economic growth
16/03 Nearly VND36.6 trillion worth of government bonds raised in February
14/03 Bình Dương looks to boost investment bonds with Canadian locality
11/03 VN’s foreign exchange reserves reach US$92.43 billion
Older News
16/01 Insurance companies benefit from interest rate hike in 2023 [Sửa | Xóa]
11/01 Ministry calls for easing government control on fuel prices
11/01 Banking industry difficulties forecast to continue in 2023: analysts
09/01 Remittances boost HCM City growth
09/01 Enterprises in HCM City receive credit disbursement, but rates remain high
04/01 MoF aims to develop the insurance market
27/12 Banks required to cut rates to support economic recovery
27/12 Remittances are forecast to increase by 4.4% in 2022
27/12 Improved forex market helps central bank buy greenback
16/12 MoF to submit solutions to strengthen bond market
 
Newsletter Signup
Top Stories
VN-Index extends its long winning streak
Steel price rises despite falling demand
Central bank makes first rate cut since 2020 to support economic growth
Domestic investors open less than 100,000 new accounts in the first 2 months
MSN: Masan secures up to $650m syndicated loan, redeems $126.3m bonds
Market Update
Last updated at 3:05:01 PM
VN-INDEX 1,054.29 +2.04/+0.19%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.