Central bank promotes non-cash payment in rural, remote areas

Central bank promotes non-cash payment in rural, remote areas

At present, over 60 percent of residents in the countryside use smartphones which is a favorable condition for cashless payment, said Deputy Director of the Payment Department of the State Bank of Vietnam Nghiem Thanh Son.

Central bank puts brake on ATM withdrawal charges

Central bank puts brake on ATM withdrawal charges

As several local lenders planned to raise fees for cash withdrawals at ATMs, the State Bank of Vietnam put brake on the fee hike, the central bank confirmed the news yesterday.
Central bank tightens property credit

Central bank tightens property credit

The State of Bank in Vietnam’s figure showed that property credit have not increased as fast as before. However, loans for house purchases account for a high proportion of consumer credit; therefore, there have been some proposals to separate this loan for better control.
Vietnam’s market will have over 300,000 card readers installed at POSs to process around 200 million transactions per year.(Photo: cafef.vn)

Central bank issues plan to develop card payment

The State Bank of Vietnam (SBV) has issued a plan to develop card payment using card readers at points of sale (POS) and mobile points of sale (mPOS) from 2017 to 2020.