Metfone, the Cambodia-based affiliate of the military-run telecom group Viettel, and Angkok Dairy Products Co.Ltd (Angkormilk), two Vietnamese-invested firms, has signed a strategic cooperation agreement to develop telecommunications services and e- payments in Cambodia.
More than three in five (67 per cent) users of digital banking and e-wallet apps in Southeast Asia prefer one-time-passwords by SMS for every transaction, a recent Kaspersky research has found.
The Government’s efforts to boost cashless payment have shown signs of paying off, with both the number of transactions and their total value seeing double-digit growth in the first months of the year.
Prime Minister Nguyen Xuan Phuc has asked Viettel and VNPT to complete applications for submission to the State Bank of Viet Nam (SBV) to participate in e-payment mechanisms in Viet Nam.
Viet Nam is the most exciting country to watch in the digital revolution era, Winfield Wong, country head, wholesale banking, HSBC Viet Nam, told the media from his bank’s Singapore office this week.
World famous billionaire and Alibaba chairman Jack Ma will attend the annual Viet Nam E-Payment Forum (VEPF) to be held in Ha Noi on November 6, according to the organiser.
Deputy Prime Minister Vu Duc Dam has said there is a need for all ministries and relevant agencies to co-ordinate and connect with specific policies to promote electronic payments.
Deputy Prime Minister Vu Duc Dam today urged closer co-operation among ministries and sectors to reduce the prevalence of cash payments and conditions that encourage people to use electronic payment systems.