This marked the first collaboration of its kind between a domestic switching network and an international card scheme in the Vietnamese market.

Building a smart city with a smart payment system playing a key role has helped Hanoi gradually transform and make breakthroughs in the process of development, said Ha Minh Hai, Vice Chairman of the municipal People's Committee.

Vietnam's digital payment ecosystem is undergoing a remarkable transformation, driven by a tech-savvy population, government initiatives, and innovative financial solutions, according to finextra.com, a leading UK newswire and information source for worldwide financial technology.

Starting August 7, Napas cardholders will be able to utilise their Mobile Banking application to perform interbank cash withdrawals from ATMs by scanning the VietQR code, eliminating the need for a physical card.

The number of non-cash payment transactions through the National Payment Corporation of Vietnam (NAPAS) nearly doubled in 2022 compared to the previous year.

Thanks to efforts of the Government and the State Bank of Vietnam (SBV), cashless payment services have been promoted in rural and remote areas.

The second Vietnam Card Day is set to take place at Hanoi’s Bach Khoa Stadium between April 16 and 17 with the theme of Tu tin mo loi (Leading the way).

The National Payment Corporation of Vietnam (Napas) last week said it will work with seven banks to introduce domestic credit chip cards with unified standards to limit cash payments and tackle black credit.

The Vietnam Bank for Agriculture and Rural Development (Agribank) has announced it will continue to cut fees on all interbank transfers to support customers amid the COVID-19 pandemic.

The fees for fast interbank fund transfers will be cut for the second time this year to promote cashless payments amid the rapid spread of the COVID-19 outbreak, the National Payment Corporation of Vietnam (NAPAS) announced on March 16.

The National Payment Corporation of Vietnam (NAPAS) recently completed the building of a standard set for domestic cards, according to State Bank of Vietnam (SBV).

Domestic ATM card holders of 41 National Payment Corporation of Vietnam (NAPAS) member banks can pay by card at the Vietnam National Petroleum Group (Petrolimex)’s petrol stations nationwide from August 1.

Total transaction value paid via the system of the National Payment Corporation of Vietnam (NAPAS) reached 320 trillion VND (14.1 billion USD) in 2016, nearly doubling from 2015.