More than 34 million e-wallets active

Monday, Aug 05, 2024

More than 34 million e-wallets were active as of June 30.

E-money only stored in e-wallets and prepaid cards

Thursday, Jul 11, 2024

Electronic money is supplied by banks, foreign bank branches or intermediary payment service providers and corresponds to the amount of money prepaid by customers.

Nearly 60 per cent of digital consumers in Viet Nam use fintech solutions

Tuesday, Oct 25, 2022

According to the report, this is a period when Vietnamese digital consumers use more platforms than ever before, with the dominance of the e-commerce market accounting for 51 per cent of online spending.

E-wallets offer online lucky money services amid virus outbreak

Friday, Feb 05, 2021

E-wallets were gearing up to offer online lucky money services while Tet (Lunar New Year) holiday was approaching amid the third virus outbreak in Viet Nam.

E-wallet providers fighting for survival in Viet Nam

Wednesday, Dec 09, 2020

The growth of e-wallets might be good news for Viet Nam’s plans to graduate from the cash economy, but fierce competition among e-wallet providers may result in a ‘survival of the fittest’ situation.

Viet Nam to allow banks to use foreign e-wallets for international payments

Saturday, Oct 31, 2020

Under current regulations, domestic banks are only allowed to cooperate with foreign banks and international card organisations for international payments.

Southeast Asia, ‘fertile land’ for online payments, e-wallets

Wednesday, Aug 12, 2020

The obvious effects of the Covid-19 pandemic include the rapid increase in online payment services and digital banking across Southeast Asia.

E-wallet firms battle for slice of cashless payment pie

Tuesday, Aug 04, 2020

E-wallets firms are battling for a piece of the cashless payment market amid rapid growth in the context of the COVID-19 pandemic.

Threat data key to fending off future cyberattacks against banks

Friday, Jul 24, 2020

Amidst the increased use of online banking and e-wallets in the region, partly fuelled by the Covid-19 pandemic, cybersecurity experts are reminding banks and financial services in Southeast Asia to learn from the lessons of previous cyberattacks like the costly...

How will mobile money affect e-wallets?

Saturday, Jun 27, 2020

Many economists have said that competition between e-wallets and mobile money might not happen as each payment method has different goals and market share.

Ministry considers allowing bets via e-wallets, telecommunications accounts

Monday, Jun 22, 2020

The Ministry of Finance is drafting an amendment to the decree on business of betting on horse racing, greyhound racing and international football, which would allow the payment of bets via e-wallets or telecommunication accounts.

E-wallets owners must complete the identity verification before July 7

Wednesday, Jun 03, 2020

Deputy Governor of the State Bank of Viet Nam Dao Minh Tu has said July 7 is the deadline for e-wallet owners to complete the identity verification.

SBV abolishes daily transaction limit for e-wallet

Thursday, Jun 13, 2019

The State Bank of Viet Nam (SBV) will abolish the daily transaction limit of VND20 million (US$854) for personal e-wallets but keep the monthly limit of VND100 million per month, according to Director of SBV’s Payment Department Pham Tien Dung.

Transaction limits for e-wallets should be appropriate: experts

Tuesday, May 14, 2019

The State Bank of Viet Nam recently made public, e-wallett daily transaction limits were set at VND20 million (US$850) for individuals and VND100 million for organisations

Daily trading limit for individual e-wallets set at VND20m: draft

Tuesday, Apr 23, 2019

A daily trading limits for individual e-wallets would be set at VNĐ20 million (US$850) and VNĐ100 million per month.