Cashless payments in e-commerce to account for 50 per cent by 2025

Cashless payments in e-commerce to account for 50 per cent by 2025

The Ministry of Industry and Trade (MoIT) has set a target to increase the cashless payment ratio in e-commerce, especially e-payments through payment intermediaries or applications, to 50 per cent by 2025.
Vietnamese firms partner to develop telecom services, e-payment in Cambodia

Vietnamese firms partner to develop telecom services, e-payment in Cambodia

Metfone, the Cambodia-based affiliate of the military-run telecom group Viettel, and Angkok Dairy Products Co.Ltd (Angkormilk), two Vietnamese-invested firms, on July 14 signed a strategic cooperation agreement to develop telecommunications services and e- payments in Cambodia.
E-wallet services to facilitate online payment convenience

E-wallet services to facilitate online payment convenience

While there have been issues relating to peer-to-peer and other digital lending and e-payments solutions in Vietnam as of late, one of the most advanced areas of fintech in the country currently is the increasing use of e-wallets.
E-payments account for 95 percent of tax revenue

E-payments account for 95 percent of tax revenue

Total import-export tax revenue collected through e-payments reached VND191.15 trillion (US$9.2 billion), accounting for 95 per cent of the total tax revenue to the State budget, from January 1, 2018 to September 5, 2018.
E-payments head for a boom

E-payments head for a boom

E-commerce and e-payments in Vietnam have been growing quickly alongside each other in recent years, with the rapid development of the former said to be the booster for the latter’s  continuous expansion in the future.