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chip cards

Banks to introduce domestic credit chip cards to promote cashless payments

Banks to introduce domestic credit chip cards to promote cashless payments

The National Payment Corporation of Viet Nam last week said it would work with seven banks to introduce domestic credit chip cards with unified standards to limit cash payments and tackle black credit.
Viet Nam to stop issuing magnetic strip cards from March

Viet Nam to stop issuing magnetic strip cards from March

Vietnamese banks will only be allowed to issue chip cards from March 31, 2021, according to a State Bank of Viet Nam (SBV) draft circular.
COVID-19 pandemic delays conversion of payment cards into chip cards

COVID-19 pandemic delays conversion of payment cards into chip cards

Banks have embarked on the conversion of magnetic payment cards into chip cards for greater security, but the Covid-19 pandemic has significantly slowed down their efforts.
Banks to issue chip cards in place of 21 million magnetic strip cards

Banks to issue chip cards in place of 21 million magnetic strip cards

Seven banks will start issuing ATM chip cards that meet EMV standards to replace magnetic strip cards in collaboration with the National Payment Corporation of Viet Nam starting from May 28.
Central bank issues roadmap for ATM card upgrades

Central bank issues roadmap for ATM card upgrades

Under a new regulation, commercial banks will have to switch 30 per cent of their current magnetic strip ATM cards – more than 25 million in total – to chip cards by the end of this year to enhance safety and...
VN to have first domestic chip cards in Q1 2019

VN to have first domestic chip cards in Q1 2019

Viet Nam’s first domestic chip cards will be launched in the first quarter of next year to enhance safety and service quality of the country’s bank card operations.
Central bank issues standard set for domestic chip cards

Central bank issues standard set for domestic chip cards

The State Bank of Viet Nam (SBV) has recently issued a standard set for domestic chip cards for the first time to enhance safety and service quality of the country’s bank card operations.
SBV urges banks to switch to chip cards

SBV urges banks to switch to chip cards

The State Bank of Viet Nam has instructed banks to quickly carry out a plan to convert all magnetic cards into chip cards to prevent fraud.