Vietnam develops e-payment system

by VTV413 December 2019 Last updated at 13:28 PM

VTV.vn - How to reduce cash payments and create convenience and secure methods for payment? And will Chip and PIN technology replace magnetic cards in creating a payment ecosystem for consumers?

Cash transactions in Vietnam account for 90% of payments. In 2020, the rate of non-cash payment will account for more than 30% of payments in Vietnam. Currently it is only about 10%. However, promoting cashless payments aims to create an ecosystem of new payment methods. This will mobilize capital from the people and protect against money laundering and corruption.

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