Many banks have recently announced they are stopping transactions of domestic automated teller machine (ATM) cards with magnetic strips, to ensure security for customers in the context of increasing cybercrimes.
Singaporean police are investing 528 persons for their suspected involvement in over 2,200 cases of scam and unlicensed money lending activities, following an enforcement operation from July 1 to 10.
The Lao Ministry of Information, Culture and Tourism’s Office recently issue a notice warning foreign tourists against unlawful foreign currency trade at unauthorised establishments.
Laos and Thailand launched cross-border QR payment linkage on April 3, aiming to promote innovation and access to financial services for the benefit of their people.
The average annual growth in the number of transactions via QR code has reached 471.13% since the payment method's introduction in 2018, 77.41% of the Vietnamese adult population possess payment accounts with commercial banks reporting over 90% of all transactions conducted through digital channels, with some banks achieving a rate of up to 98%, according to the State Bank of Vietnam (SBV).
According to the State Bank of Vietnam (SBV), the banking sector has invested over 15 trillion VND (617.6 million USD) in digital transformation by the end of 2022.
All transactions worth in excess of 400 million VND (16,520 USD) must be reported to the State Bank of Vietnam (SBV) from December 1, 2023, under Decision No 11/2023/QD-TTg issued by the Prime Minister on April 27, 2023.
Transactions with a value of 400 million VND ($16,520)or more must be reported to the State Bank of Vietnam (SBV) from December 1, 2023, according to a new regulation.
The ASEAN Online Sale Day 2023, the largest online shopping event in Southeast Asia, is scheduled to take place from August 8 - 22, according to the Vietnam E-commerce and Digital Economy Agency under the Ministry of Industry and Trade.
Vietnam's banking sector has invested over VND15,000 trillion in digital transformation by the end of 2022, according to the State Bank of Vietnam (SBV).
With nearly 200,000 KRW in each per-capita card transaction, Vietnamese tourists spent the most among international visitors to the Republic of Korea in 2022, according to the RoK’s credit card and financial service company BC Card.
Vietnam takes the lead and set to post a 31% growth in gross merchandise value (GMV) from 23 billion USD in 2022 to 49 billion USD in 2025, according to the latest "e-economy SEA 2022" report released by Google, Temasek and Bain & Company.
The local banking sector, currently undergoing drastic restructuring, will have more opportunities to improve its financial capacity as well as learn modern business models and management from UK partners after the UK-Vietnam Free Trade Agreement (UKEVFTA) takes effect, according to banking insiders.
The cashless payment system is prevalent worldwide. Going cashless has a lot of benefits for Vietnam, improving transaction safety and making it easier for the State to track transactions and facilitate tax collection.
The Association of Southeast Asian Nations (ASEAN) Online Sale Day 2022 is scheduled to be held from August 8 -10 to mark ASEAN’s 55th founding anniversary, according to the Vietnam E-commerce and Digital Economy Agency under the Ministry of Industry and Trade.
Foreign investors net bought 1.642 trillion VND (70.33 million USD) worth of shares on the Unlisted Public Company Market (UPCoM) in the first six months of this year.
The Asian Development Bank (ADB) has launched a project to make cross-border securities transactions in the Asia-Pacific region more efficient and secure through the use of blockchain technology.
Vehicle licence plates have to be considered public assets eligible for transactions, experts said about the Government’s plan to sell highly sought-after lucky numbers via auctions.
