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Banks strengthen digital shields against online fraud
The State Bank of Vietnam (SBV) said that by April 12, more than 3.7 million customer alerts had been issued through the information system for management, supervision and prevention of fraud risks in payment operations (SIMO).
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Mastercard, Shopee Vietnam announce strategic collaboration with the launch of VPBank S Rewards Mastercard Card
Mastercard and Shopee Vietnam, on February 4, announced a five-year strategic collaboration, marked by the launch of the VPBank S Rewards Mastercard card, Mastercard’s first card linked to Shopee in Việt Nam.
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Value of cashless payments equal to nearly 28 times of GDP
The number and value of cashless payment transactions surged by an average of 58.86 per cent and 24.36 per cent annually in the past five years.
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Visa highlights Vietnamese payment trends for 2026
As more young professionals and families explore new destinations and digital lifestyles, expectations for seamless, secure payments continue to rise.
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Việt Nam launches cross-border QR code payment connectivity with China
Việt Nam and China have launched a bilateral QR payment link, enabling seamless cross-border transactions for travellers and businesses.
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Banks adjust account management fees from December 1
Many banks are applying fees based on minimum balances and account activity, while tightening SMS Banking charges to encourage customers to receive balance-change notifications via mobile apps – a free method that also helps reduce operational costs.
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Nearly 18 billion cashless transactions recorded in nine months
Nearly 18 billion cashless transactions were recorded in the first nine months of this year, with total value surpassing VNĐ260 quadrillion (nearly US$10 billion).
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VNBA holds meeting to gather feedback for finalising cross-border QR code payment handbook
On the morning of November 17 2025, the Vietnam Banks Association (VNBA) convened a drafting committee meeting for the “Unified Handbook for Providing Cross-Border QR Payment Services in Vietnam” (the Handbook) in order to solicit and incorporate feedback from more than 25 entities, including banks, finance companies, and payment intermediaries.
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Visa partners with banks to launch Visa Accept
Visa, the world’s leader in digital payments, has partnered with Sacombank, Vietcombank and VPBank to launch Visa Accept in Việt Nam, allowing micro and small businesses to accept contactless Visa payments directly on NFC-enabled smartphones, without requiring any additional hardware.
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Shinhan Bank Collaborates with Visa to Launch Global Trade Payment Platform (GTPP)
Ho Chi Minh City, on 17 November 2025 – Shinhan Bank Vietnam Limited (“Shinhan Bank”) collaborated with Visa to launch Global Trade Payment Platform (“GTPP”) that assists enterprises to make cross-border payment by Shinhan cards quickly, safely and effectively. This is the first time that GTPP is launched by Visa in Vietnam’s market and Shinhan Bank is the first foreign bank in Vietnam supporting this GTPP.
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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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Wave of digital payments surges at Sóng Festival 2025
The two-day festival, part of the fifth Vietnam Card Day campaign, is designed for young people to experience digital payments and technology, with all transactions fully cashless.
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NAPAS, MASTERCARD, PAYOO sponsor free cancer screenings, HPV tests to vulnerable women
Through the free screening activities, they can acknowledge their health situation and take additional tests if needed.
