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Cashless payment: Digital transformation drives strong growth
According to the Payment Department of the State Bank of Vietnam (SBV), cashless payment (CLP) transactions have maintained impressive growth momentum, particularly those conducted via QR codes. Meanwhile, cash withdrawals through ATMs have declined significantly, reflecting a clear shift in consumer behavior toward digital payment methods.
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15 Years of the Risk Management Subcommittee – Card Working Committee: Safeguarding a Safer and More Sustainable Payment Ecosystem
Hue, September 26–27, 2025 — The Card Working Committee under the Vietnam Banks’ Association (VNBA) held a ceremony in Hue to mark the 15th anniversary of the Risk Management Subcommittee (2010–2025), in conjunction with its 2025 Annual Conference themed “Bank Card Security – Risk Management in the Digital Era: Towards a Safe and Sustainable Payment Ecosystem.”
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Vietnamese banks block 300,000 suspicious transactions worth $57mn in fraud crackdown
Vietnamese banks have blocked nearly 300,000 money transfers flagged as potentially fraudulent, worth about VND1.5 trillion (US$57 million), said the State Bank of Vietnam (SBV).
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Completing the cross-border QR code payment Handbook
On July 23, 2025 in Hanoi, Vietnam Banks Association (VNBA) held an important meeting to complete the draft Handbook on providing, operating and using cross-border QR Code payment services. The meeting was chaired by Dr. Nguyen Quoc Hung, Vice Chairman cum General Secretary of VNBA, with the participation of representatives of many credit institutions. This is an important step in building a clear and practical legal and technical framework to promote international electronic payment in Vietnam.
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More than 86 million bank accounts to be terminated from September 1
The SBV stated that the deletion of over 86 million bank accounts was considered a system cleanup measure.
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Shinhan Bank: Modified Terms & Conditions for consumer credit card and debit card
Shinhan Bank Vietnam Ltd. (“Shinhan Bank”) would like to express our sincere thanks for your having trusted and used our Card products during the last time.
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TCB, Mobifone and One Mount Group establish digital payment company
Mobifone, Techcombank and One Mount Group recently contributed capital to establish a digital payment company with a capital of 300 billion VND.
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Banks end magnetic cards, require biometrics for firms from July 1
From July 1, banks across Việt Nam stopped using magnetic stripe cards and now require biometrics for company accounts to prevent fraud and improve security.
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VNBA and Visa hold quarterly meeting
On June 25, 2025, the Vietnam Banks Association (VNBA) held a regular meeting for the second quarter of 2025 with Visa International Card Organization. At the meeting, Visa updated new solutions being deployed in the global market, including strategic solutions in the Vietnamese market.
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VIB introduces PayFlex in first implementation of Visa VFC technology
Vietnam International Bank (VIB) is introducing VIB PayFlex, an innovative financial feature developed on the Visa Flexible Credential (VFC) technology, allowing VIB Visa cardholders to make flexible payments from two funding sources – credit and debit accounts – using a single credential, enabling smarter financial control and maximizing rewards.
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Shinhan Bank and Visa collaborate to promote payment solutions for SME
Shinhan Bank Vietnam Limited (“Shinhan Bank”) and Visa International (“Visa”) participate in the “Cashless Day 2025” program with the theme “Cashless payment promotes digital economy”.
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Vietnam enhances regulatory framework to promote cashless payments
Vietnam is enhancing its regulatory framework and policies to promote cashless payments as part of its strategy to develop a more digital economy.
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Visa Asia Pacific announces new era of AI-driven commerce
The future of commerce in Asia-Pacific was on display at the Visa Asia Pacific Media Showcase, where the company announced a suite of product innovations and strategic partnerships to enable a new era of commerce for the region.
