News
Banks to comply with biometric verification
Foreign banks operating in Vietnam must complete the biometric verification requirement for transferring funds to personal accounts, with all banks aiming to make verification mandatory for corporate clients this year.
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QR code payment transactions surged in 2024
The year 2024 has marked a significant shift in Vietnamese consumer behaviour toward non-cash payments.
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Continue to improve the coordination process to support the handling of accounts and cards related to suspected fraudulent transactions.
On the afternoon of December 25, 2024, the Vietnam Banks Association (VNBA) held a meeting of the Working Group to develop a Coordination Process to support the handling of accounts and cards related to transactions suspected of fraud, forgery, and scams (CP) after receiving comments on the Draft from the State Bank of Vietnam and relevant ministries and branches.
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AI will be a game-changer in banking and finance
Innovation is happening in every corner of the financial services industry. According to the Gartner 2025 CIO Agenda, the biggest expected changes in technology investments are generative AI with 39 per cent, cybersecurity/information security with 34 per cent, and AI with 33 per cent.
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NAPAS, Mastercard and Payoo launch exciting year-end promotion
The Vietnam National Payment Corporation (NAPAS) and Mastercard are continuing their collaboration by launching the 'Elegant Tap - Stylish Living' campaign during the year-end holiday season.
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US affirms Việt Nam not manipulating currency
In its latest report the US Department of the Treasury said that Việt Nam does not manipulate currency.
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VNBA and CSIS talk about cross-border payments
On November 12, 2024, Vietnam Banks Association (VNBA) had a working session and discussed with a group of researchers from the Central Institute for Economic Management (CIEM) and the Center for Strategic and International Studies (CSIS) on the ASEAN cross-border payment system (ASEAN CBPS).
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Preventing card payment risks in the context of digital banking transformation
In order to update and share information on risk management and crime prevention in card activities for members, on November 8, the Bank Card Association - under the Vietnam Banks Association organized a Conference with the theme "Card payment risks in the context of digital banking transformation".
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Sacombank earns top international security certification for 11th consecutive year
Sacombank has achieved the Payment Card Industry Data Security Standard (PCI DSS) certification at the highest level with version 4.0, marking the 11th consecutive year it has been recognised for its safety and security in the card sector.
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2024 sees $1.41 billion in fintech funding so far
ASEAN fintech funding totalled $1.41 billion in the first three quarters of this year, constituting four per cent of global fintech funding.
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Vietnam's digital economy estimated to reach $36 billion in 2024
Vietnam's digital economy is continuing to show solid double-digit growth, and is forecast to reach $36 billion in gross merchandise value (GMV) in 2024, propelled by e-commerce and travel.
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Vietnam Banks Association talks with Digital Signature Club
On October 31, 2024, Vietnam Banks Association (VNBA) had a working session with the Vietnam Digital Signature and Electronic Transaction Club (Digital Signature Club) to discuss some contents in implementing digital signatures in practice and coordinate the construction of the V-Hub digital signature switching system.
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Accelerating digital transformation while ensuring security and fraud prevention
On October 30, 2024, the Vietnam Banks Association (VNBA) in collaboration with the Economic and Trade Office - Embassy of Israel in Vietnam organized an online workshop "Accelerating digital transformation while ensuring security and fraud prevention".
