According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.

According to the Bank of Thailand’s Payment Insight report, daily money transfers via the platform in 2023 amounted to 54.5 million on average with a total value of 130 billion THB (3.55 billion USD).

The central beach city of Da Nang has promoted non-cash payment, particularly in tourism areas and market system, making things more convenient for the locals and visitors.

The cashless revolution continued to gather steam with the Cashless Town Festival opening on June 16 in HCM City to promote digital payments.

Some 77% of Vietnamese consumers believe they could go cashless for three days, according to a new survey by Visa entitled “Consumer Payment Attitudes Study 2022”.

As many as 1.1 million people have so far used Mobile Money service, including nearly 660,000 in rural, mountainous, remote, border and island areas.

Cashless payments continued to grow fast in the first nine months of 2021 to top 1.6 billion USD, according to a recent report by the Government.

A recent survey by Standard Chartered has revealed that nearly 80 percent of respondents in Singapore expect the country to go fully cashless in the next decade.