Illustrative image (Source: VNA) Hanoi (VNA) - The Hanoi People’s Committee recently issued a plan to developnon-cash payments, urging all supermarkets and restaurants to put in placecashless payment devices or systems by 2020.
Under Plan No. 51/KH-UBND, 85 percent of thecity’s suppliers of electricity, telecommunications and communication willaccept bill payment via cashless payment channels, while 60 percent ofindividuals and households will pay by card or mobile channels for theirshopping and consumption needs.
The city will also focus on developing new andmodern payment methods suitable to rural areas, so that it can encourage localpeople to use the modern payment services.
The plan also targets to increase the number ofpeople having access to modern payment services. Accordingly, at least 70percent of the city’s population above the age of 15 will have bank accounts bythe end of 2020.
Besides this, the city will take measures todevelop e-payment and retail payment services, as well as strengthen e-paymentin public administrative services and provide guidance on non-cash payments tothe citizens.
Under the scheme, the committee requested theState Bank of Vietnam (SBV)’s Hanoi branch and related institutions to providemore payment services via bank accounts. It includes the goal of ensuringutility payments such as electricity, tuition, telecommunications andtelevision charges are made electronically.
In the future, the city will also invest indeveloping digital infrastructure and e-payment services such asinternet-banking, near-field communication (NFC) payment, e-wallet andnon-touch payment.
According to the SBV’s Payment Department,non-cash payment is gradually becoming a trend in Vietnam as the use of cash isreducing remarkably. Cash payment has reduced from 14 percent in 2010 to 12percent now, it reported.
The department reported that 96.2 million cardshave been issued nationwide, up 210 percent from the early 2011.
There are some 60 organisations providing internetbanking payment services and 30 organisations providing mobile banking paymentservices.
The payment infrastructure has also been improved,as evidenced by the rapid increase of ATMs and points-of-sale (POS), by 47percent and 300 percent, respectively.-VNA
Under Plan No. 51/KH-UBND, 85 percent of thecity’s suppliers of electricity, telecommunications and communication willaccept bill payment via cashless payment channels, while 60 percent ofindividuals and households will pay by card or mobile channels for theirshopping and consumption needs.
The city will also focus on developing new andmodern payment methods suitable to rural areas, so that it can encourage localpeople to use the modern payment services.
The plan also targets to increase the number ofpeople having access to modern payment services. Accordingly, at least 70percent of the city’s population above the age of 15 will have bank accounts bythe end of 2020.
Besides this, the city will take measures todevelop e-payment and retail payment services, as well as strengthen e-paymentin public administrative services and provide guidance on non-cash payments tothe citizens.
Under the scheme, the committee requested theState Bank of Vietnam (SBV)’s Hanoi branch and related institutions to providemore payment services via bank accounts. It includes the goal of ensuringutility payments such as electricity, tuition, telecommunications andtelevision charges are made electronically.
In the future, the city will also invest indeveloping digital infrastructure and e-payment services such asinternet-banking, near-field communication (NFC) payment, e-wallet andnon-touch payment.
According to the SBV’s Payment Department,non-cash payment is gradually becoming a trend in Vietnam as the use of cash isreducing remarkably. Cash payment has reduced from 14 percent in 2010 to 12percent now, it reported.
The department reported that 96.2 million cardshave been issued nationwide, up 210 percent from the early 2011.
There are some 60 organisations providing internetbanking payment services and 30 organisations providing mobile banking paymentservices.
The payment infrastructure has also been improved,as evidenced by the rapid increase of ATMs and points-of-sale (POS), by 47percent and 300 percent, respectively.-VNA
VNA
