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BAOVIET Bank ends Visa credit cards services, shifts to domestic cards

BAOVIET Bank ends Visa credit cards services, shifts to domestic cards

BAOVIET Bank has announced that it will cease offering its international Visa credit cards from September 15.


Warning about 24 types of fraud in cyberspace

Warning about 24 types of fraud in cyberspace


Warning about some forms of fraud through card transactions and domestic payments

Warning about some forms of fraud through card transactions and domestic payments


Promote cross-border bilateral payments via QR Code

Promote cross-border bilateral payments via QR Code


  • Vietnam accelerating towards a cashless society

    Vietnam accelerating towards a cashless society

    For the first time, the Vietnamese legal framework formally defines electronic money. Under Decree No.52/2024/ND-CP, electronic money is “the value of Vietnamese currency co-stored on electronic means provided on a reciprocal basis with the amount prepaid by customers to banks, foreign bank branches, and intermediary payment service providers providing e-wallet services.” This definition establishes electronic money as a digital form of Vietnam’s legal currency.


  • VISA and VNBA update on development of payment frauds

    VISA and VNBA update on development of payment frauds

    On July 15, 2024, in Hanoi, the Vietnam Banks Association (VNBA) had a reception and working session with the delegation of the Visa International Card Organization to update, exchange and discuss on the development of payment frauds in the second quarter of 2024.


  • To form a coordinated process for handling accounts and cards to prevent fraud and scams

    To form a coordinated process for handling accounts and cards to prevent fraud and scams

    On July 3, in Hanoi, the Vietnam Banks Association (VNBA) coordinated with the Vietnam National Payment Corporation (NAPAS) to hold a meeting to discuss the coordination process for handling accounts and cards related to transactions suspected of fraud, forgery, and scams.


  • Untapped potential in domestic credit card market

    Untapped potential in domestic credit card market

    There is a lot of untapped potential in the number of credit card holders in the domestic market, said industry insiders and policymakers during a seminar in Hà Nội on Monday, promoting the use of domestic credit cards and a cashless society.


  • Cashless payment develops rapidly in VN amid security concerns

    Cashless payment develops rapidly in VN amid security concerns

    Non-cash payments continue to grow rapidly in Việt Nam, requiring a focus on ensuring payment security, a representative of the State Bank of Việt Nam said at a press conference on Cashless Day 2024 held on Tuesday in HCM City.


  • Card payment market: New trends of risks and frauds

    Card payment market: New trends of risks and frauds

    On the morning of April 8, 2024, at the headquarters of the Vietnam Banks Association (VNBA), Vice Chairman and General Secretary Nguyen Quoc Hung received a delegation of Visa International service Association led by Ms. Dang Tuyet Dung, Visa Country Manager for Vietnam &Laos.


  • 'Buy now, pay later' poses risk if left uncontrolled

    'Buy now, pay later' poses risk if left uncontrolled

    Although "Buy now, Pay later" (BNPL) - a type of financing that allows consumers to make purchases and pay for them over time - is growing in popularity in Vietnam, experts worry it could pose some financial risks if left uncontrolled.


  • ATMs being "sluggish" in terms of digital transformation

    ATMs being "sluggish" in terms of digital transformation

    At least 95 per cent of banks in Việt Nam are actively implementing digital transformation.


  • Mobile phone, QR code payments soar in popularity

    Mobile phone, QR code payments soar in popularity

    Electronic and cashless payments saw significant increases in Vietnam in the first half of this year, with internet transactions growing by 76% in volume and 1.79% in value.