The 2024 Cashless Day Festival opened at the Nguyễn Huệ pedestrian plaza in HCM City with a wide range of cashless payment solutions and promotions for shoppers.
Non-cash payment transactions increased by 63.3% in volume and 41.45% in value in January, compared to the same period last year, the State Bank of Vietnam (SBV) has announced.
Sacombank showcased its digital banking solutions at an event called “Digital transformation promoting public services and cashless payments” in HCM City on October 17 and 18 as part of the HCM City Transformation Week 2023.
With emerging technologies such as AI and blockchain, Viet Nam has the ability to leverage data connectivity to ‘an integrated payment ecosystem’ to promote cashless payments, experts said at a meeting last Friday in HCM City.
Cashless payment and transaction channels are increasingly popular, with commercial banks, e-wallets and fintech companies promoting the application of technology for online payments.
After the pandemic, cashless payments are more and more popular in Viet Nam, with many businesses adopting this method. In Ha Noi, some streets like Trieu Khuc and To Hieu have almost become cashless.
A recent report by the Government showed out that cashless payments continue to become more popular, topping VND36.28 quadrillion (US$1.6 billion) in the first nine months of 2021.