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Mobile networks to provide e-payment

by VTV411 September 2018 Last updated at 07:00 AM

VTV.vn - The Ministry of Information and Communications, together with VNPT and Viettel, recently proposed to the Government to allow telecom enterprises to participate in electronic payment.

There is an expectation that e-banking can cover 100% of the population.

The advantage of the telcos when participating in electronic payment is that mobile networks can cover approximately 100% of the population while banks only cover 30-40%.

Telcos are also large businesses powerful in technology, infrastructure, and sales channels. The telecommunication accounts are also being used to pay for telecommunication services.

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