{"id":6411,"date":"2019-05-28T07:44:00","date_gmt":"2019-05-27T22:44:00","guid":{"rendered":"https:\/\/asia-prop.com\/?p=6411"},"modified":"2022-06-11T17:26:19","modified_gmt":"2022-06-11T08:26:19","slug":"mobile-electronic-money-promotion-cashless-payment","status":"publish","type":"post","link":"https:\/\/asia-prop.com\/en\/column\/mobile-electronic-money-promotion-cashless-payment\/","title":{"rendered":"Promotion of mobile electronic money | Vietnam"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_36_1 counter-hierarchy ez-toc-counter ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">table of contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" style=\"display: none;\"><label for=\"item\" aria-label=\"Table of contents\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;\"><svg style=\"fill: #999999;color:#999999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999999;color:#999999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input type=\"checkbox\" id=\"item\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/asia-prop.com\/en\/column\/mobile-electronic-money-promotion-cashless-payment\/#%E3%83%A2%E3%83%90%E3%82%A4%E3%83%AB%E9%9B%BB%E5%AD%90%E3%83%9E%E3%83%8D%E3%83%BC%E3%81%AE%E4%BF%83%E9%80%B2_%E3%83%99%E3%83%88%E3%83%8A%E3%83%A0\" title=\"Promotion of mobile electronic money | Vietnam\">Promotion of mobile electronic money | Vietnam<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/asia-prop.com\/en\/column\/mobile-electronic-money-promotion-cashless-payment\/#%E3%83%A2%E3%83%90%E3%82%A4%E3%83%AB%E9%9B%BB%E5%AD%90%E3%83%9E%E3%83%8D%E3%83%BC_%E3%82%A2%E3%82%B8%E3%82%A2%E3%81%A7%E9%AB%98%E3%81%84%E6%88%90%E9%95%B7_%E3%83%99%E3%83%88%E3%83%8A%E3%83%A0\" title=\"Mobile e-money High growth in Asia | Vietnam  \">Mobile e-money High growth in Asia | Vietnam  <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/asia-prop.com\/en\/column\/mobile-electronic-money-promotion-cashless-payment\/#%E3%83%A2%E3%83%90%E3%82%A4%E3%83%AB%E9%9B%BB%E5%AD%90%E3%83%9E%E3%83%8D%E3%83%BC%E3%81%AF%E9%87%91%E8%9E%8D%E3%82%92%E4%BF%83%E9%80%B2_%E3%83%99%E3%83%88%E3%83%8A%E3%83%A0\" title=\"Mobile E-money Promotes Finance | Vietnam  \">Mobile E-money Promotes Finance | Vietnam  <\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"%E3%83%A2%E3%83%90%E3%82%A4%E3%83%AB%E9%9B%BB%E5%AD%90%E3%83%9E%E3%83%8D%E3%83%BC%E3%81%AE%E4%BF%83%E9%80%B2_%E3%83%99%E3%83%88%E3%83%8A%E3%83%A0\"><\/span>Promotion of mobile electronic money | Vietnam<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Mobile e-money payments are expected to be useful for people living in remote areas due to the ease of use, requiring only an internet connection. Mobile <br>The subject of electronic payments is also currently attracting a lot of attention because it can be used for a wide range of purposes such as health, education, finance, employment and social welfare.<\/p>\n\n\n\n<p>In addition, mobile e-money is gaining popularity not only because of the ability to make payments through mobile e-money accounts, but also because of the ease with which users can transfer money to and from each other without having to tell the other party their bank account.<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"%E3%83%A2%E3%83%90%E3%82%A4%E3%83%AB%E9%9B%BB%E5%AD%90%E3%83%9E%E3%83%8D%E3%83%BC_%E3%82%A2%E3%82%B8%E3%82%A2%E3%81%A7%E9%AB%98%E3%81%84%E6%88%90%E9%95%B7_%E3%83%99%E3%83%88%E3%83%8A%E3%83%A0\"><\/span>Mobile e-money High growth in Asia | Vietnam  <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>By the end of 2018, 900 million users will be using mobile payments in more than 90 countries. Transaction value reached US$1.3 billion per day with an annual growth rate of 20%. In Asia, the growth rate is as high as 31%. The legal framework of China, where mobile payments are already widespread, can be used as a reference, and it is also easy to receive technology related to mobile money.<\/p>\n\n\n\n<p>In Vietnam, the proportion of people using credit cards is low and 99% of transactions below VN\u0110100,000 are carried out in cash, so poor people in rural and remote areas may not have bank accounts.<\/p>\n\n\n\n<p>As the mobile phone\/mobile ownership rate in Vietnam is 100%, mobile payments will support such rural residents in rural areas to make payments and receive financial services easily.<\/p>\n\n\n\n<h2 id=\"mce_13\"><span class=\"ez-toc-section\" id=\"%E3%83%A2%E3%83%90%E3%82%A4%E3%83%AB%E9%9B%BB%E5%AD%90%E3%83%9E%E3%83%8D%E3%83%BC%E3%81%AF%E9%87%91%E8%9E%8D%E3%82%92%E4%BF%83%E9%80%B2_%E3%83%99%E3%83%88%E3%83%8A%E3%83%A0\"><\/span>Mobile E-money Promotes Finance | Vietnam  <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><a href=\"http:\/\/asia-prop.com\/wp-content\/uploads\/2019\/05\/fintech-ai-2.png\"><img decoding=\"async\" loading=\"lazy\" src=\"http:\/\/asia-prop.com\/wp-content\/uploads\/2019\/05\/fintech-ai-2.png\" alt=\"fintech ai (2)\" class=\"wp-image-92545\" width=\"487\" height=\"278\" srcset=\"https:\/\/asia-prop.com\/wp-content\/uploads\/2019\/05\/fintech-ai-2.png 700w, https:\/\/asia-prop.com\/wp-content\/uploads\/2019\/05\/fintech-ai-2-16x9.png 16w, https:\/\/asia-prop.com\/wp-content\/uploads\/2019\/05\/fintech-ai-2-150x86.png 150w\" sizes=\"(max-width: 487px) 100vw, 487px\" \/><\/a><\/figure>\n\n\n\n<p>According to Minister Nguyen M\u1ea1nh Hung of the Ministry of Information and Communications, there are many legal barriers to the widespread adoption of mobile payments, but if they can be resolved, they will be of tremendous public benefit.<\/p>\n\n\n\n<p>Currently, the Vietnamese government is facing a decision on a driving test for mobile payments. Some fear that if formal permission is granted and telecom operators offer electronic payment services, they will become competitors to banks.<\/p>\n\n\n\n<p>Minister Hung does not envisage transactions with large sums of money as the market for mobile payments progresses, but rather believes that people are more likely to become potential customers of banks in the future. Kenya has seen a 19 percent increase in bank usage in the three years since the introduction of mobile payments, arguing that mobile money will facilitate access to financial services.<\/p>\n\n\n\n<p>The Vietnamese government is likely to set a monthly payment limit of VN10 million ($430) for the introduction of mobile payments. Although there is criticism that this payment limit will slow down the spread of mobile payments, Vietnam as a whole wants to promote it.<\/p>\n\n\n\n<p class=\"has-text-color has-medium-font-size has-very-dark-gray-color\">Vietnam goes cashless with tax breaks<\/p>\n\n\n\n<p>Vietcombank, a major player in Vietnam with 89 branches, has taken a proactive stance on cashless, and according to Deputy CEO Dao Minh Tuan, the bank should promote cashless through tax incentives.<\/p>\n\n\n\n<figure class=\"wp-block-embed-wordpress wp-block-embed is-type-wp-embed is-provider-\u30db\u30fc\u30c1\u30df\u30f3\u306e\u4e0d\u52d5\u7523\u306e\u8cfc\u5165\u30fb\u6295\u8cc7\u30fb\u58f2\u5374\u30fb\u8cc3\u8cb8\uff5c\u9234\u6728\u4e0d\u52d5\u7523\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"8XftJMJKqu\"><a href=\"https:\/\/asia-prop.com\/en\/column\/vietnam-tax-incentives-for-cashless\/\">Vietnam goes cashless with tax breaks<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"\u201cGoing cashless with tax incentives in Vietnam\u201d \u2014 Ho Chi Minh real estate purchase\/investment\/sale\/rental\uff5cSuzuki Real Estate\" src=\"https:\/\/asia-prop.com\/column\/vietnam-tax-incentives-for-cashless\/embed\/#?secret=Tvk3hU1uhp#?secret=8XftJMJKqu\" data-secret=\"8XftJMJKqu\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<div class=\"call-to-action\">\n<p><span style=\"color: #000000;\"><span class=\"cta1\">About Suzuki Property Vietnam Co., Ltd in Ho Chi Minh City<\/span><\/span><\/p>\n<\/div>\n<p>We support clients to buy and rent real estate (condominiums, serviced apartments, offices, business land) in Ho Chi Minh. We also provide you with the latest information about Ho Chi Minh City and Vietnam through the internet.<\/p>\n<p>If you have any questions or requests, including condominium and property information, as well as local information about Ho Chi Minh City, please feel free to contact us.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:5px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"is-content-justification-center is-layout-flex wp-container-1 wp-block-buttons\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/asia-prop.com\/en\/contact\/\" style=\"border-radius:10px;background-color:#ffa41c\">Inquiries about Condominiums for rent (free)<\/a><\/div>\n<\/div>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:0px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Promoting Mobile Electronic Money | Vietnam Mobile electronic money payments are expected to be useful to people living in remote areas because they can be used simply by connecting to the Internet. Mobile electronic payments cover health, education, finance...<\/p>","protected":false},"author":1,"featured_media":6416,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0},"categories":[68,143],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/asia-prop.com\/en\/wp-json\/wp\/v2\/posts\/6411"}],"collection":[{"href":"https:\/\/asia-prop.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/asia-prop.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/asia-prop.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/asia-prop.com\/en\/wp-json\/wp\/v2\/comments?post=6411"}],"version-history":[{"count":21,"href":"https:\/\/asia-prop.com\/en\/wp-json\/wp\/v2\/posts\/6411\/revisions"}],"predecessor-version":[{"id":92555,"href":"https:\/\/asia-prop.com\/en\/wp-json\/wp\/v2\/posts\/6411\/revisions\/92555"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/asia-prop.com\/en\/wp-json\/wp\/v2\/media\/6416"}],"wp:attachment":[{"href":"https:\/\/asia-prop.com\/en\/wp-json\/wp\/v2\/media?parent=6411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/asia-prop.com\/en\/wp-json\/wp\/v2\/categories?post=6411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/asia-prop.com\/en\/wp-json\/wp\/v2\/tags?post=6411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}