Customers use e-payment services at TPBank’s Livebank (Source: VNA) Hanoi (VNS/VNA) – The Government should create an ecosystem and suitable environment for new products and services as well as pioneer their use to promote the development of contactless payment methods. This could be a foundation for building e-government in Vietnam. Vu Viet Ngoan, Chief of the Advisory Committee to the Prime Minister, made the statement at a conference on how contactless payments support the establishment of a modern and effective e-government by leveraging the development of a digital economy held in Hanoi last week. Ngoan said the technological gap had been reduced from 20 to 10 years. This was the reason that firms without new business ideas would lag behind. “In the conditions of a sharing economy, businesses should make links that combine fintech with banks and credit institutions for development,” he added. According to the master plan to develop non-cash payment in Vietnam by 2020, all supermarkets, commercial centres and modern distribution units should accept card payments. In this case the rate of cash payments would be just 10 percent. The market would have over 300,000 devices accepting POS. Additionally, the plan would also focus on non-cash payment in… Read full this story
- Tanzania: Switzerland Promises Training Support to PCCB
- Nigeria: Non-Oil Exporters Await Promissory Notes As EEG Backlog Hits N350 Billion
- 5 Ways Successful Small Businesses Save Money
- Automation is Egypt’s ultimate solution to facing corruption: APA spokesperson
- Banking on the small business ecosystem?
- Lifestyle News, Breaking Lifestyle News and More: The Record
- Nigeria: Malabu Scandal
- Tanzania: Eye Cancer in Children 'Worrying'
- Basel Committee chief Stefan Ingves warns banks on Bitcoin
- Sudan's Many Nouras
Experts: Non-cash payments need support have 285 words, post on en.vietnamplus.vn at July 8, 2018. This is cached page on Talk Vietnam. If you want remove this page, please contact us.