VN takes lead in Southeast Asia on mobile payment
11:03 | 07/05/2019

VGP – Viet Nam recorded the highest growth of the number of people making mobile payments in stores among other nations in Southeast Asia, according to the Global Consumer Insights Survey 2019 by PwC.

Illustration photo

The nation posted the growth from 37% in 2018 to 61% in 2019. 

The PwC survey, conducted in 27 territories and countries worldwide, illustrated that Southeast Asia is leading the customer shift to mobile payments users.

Cashless transactions, currently accounts for 10% of total payments in Viet Nam, are expected to increase to 50% in the next three years.

The Vietnamese government is working to accelerate the use of cashless transactions. In a resolution released January, it tasked the central bank to come up with solutions that would promote the use of e-wallets, which allow users to deposit cash into their e-wallets without the need for a bank account.

According to the State Bank of Viet Nam (SBV), 76 via-internet and 41 mobile payment service providers and 26 e-wallets have been licensed so far.

By Thuy Dung 

  Reader opinion
Turn off Vietnamese typing Automatic typing Telex VNI VIQR  
Fullname Email address