Technology Visa sees contactless payments grow 500% in first half in Vietnam By Le Hoang Thursday, Aug 6, 2020,11:34 (GMT+7) Visa sees contactless payments grow 500% in first half in VietnamBy Le Hoang A customer uses an electronic device to make a contactless payment. Visa, the world’s leader in digital payments, on August 3 announced that its contactless transactions in Vietnam grew more than 500% on year in the first six months of 2020 – PHOTO: VISA HCMC – Visa, the world’s leader in digital payments, on August 3 announced that its contactless transactions in Vietnam grew more than 500% year on year in the first six months of 2020, with the total value of transactions increasing more than 600%. Contactless payments, where consumers simply tap their card or phone against the POS terminal to pay, have become more popular as consumers and merchants look for a fast, convenient and safe way to pay. These benefits are more apparent than ever as the Covid-19 pandemic has created unprecedented challenges and merchants are looking for ways to serve their customers safely. Findings from the recent Visa Consumer Payment Attitudes study showed that 37% of Vietnamese consumers are now using contactless card payments, while 42% are… Read full this story
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