Airlines and railway firms get payment fee reduction of 35 per cent

Friday, Apr 17, 2020 16:04

NAPAS and Vietcombank work together to reduce payment fees for local airlines and railway firms during the COVID-19 pandemic.— Photo

Three airlines, Vietnam Airlines, Vietjetair and Bamboo Airways, as well as Vietnam Railways are eligible for a 35 per cent reduction in fees at Vietcombank from now until December 31.

According to the National Payment Corporation of Viet Nam (NAPAS), the airlines will receive reduced payment fees for both e-payment gateway services and payment collection as part of a support programme for transport enterprises to overcome the impact of the COVID-19 pandemic.

NAPAS will allow the transport firms free transaction processing and is also coordinating with Vietcombank to reduce payment fees via the bank by up to 35 per cent.

According to a NAPAS representative, this is its third service fee reduction programme in 2020 aiming to share difficulties with firms during the pandemic.

According to the General Statistics Office, the COVID-19 pandemic has had a direct impact on transport activities, of which passenger transport was heavily affected.

Previously, NAPAS and commercial banks have implemented two consecutive fee reduction and exemption programmes in 2020, including a public service fee waiver and a reduction of up to 72 per cent in interbank transfer rates until year-end.

All banks participating in the NAPAS network have implemented the programmes which are to encourage customers to use non-cash payments, limiting their exposure to adapt to the requirements of social distancing and minimise the impact of COVID-19 on people's health while maintaining economic development. — VNS

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