Electronic wallets allowing the purchase of goods and money transfer using both smartphones and features phones will be trialed with authorities expecting this to also increase access to financial services, especially in rural areas.

A person makes purchases using a smartphone and a credit card.

A person can only register for one account, and the transaction limit is VND10 million ($433) per month.

Users can deposit cash in their accounts at telecom offices or through bank accounts and e-wallets.

Pham Tien Dung, head of the State Bank of Vietnam’s payment services department, said the biggest roadblock to cashless transactions is the long-established cash habit among Vietnamese.

Mobile money would help educate them on cashless transactions and make them potential customers for banks, he added.

Around 69 percent of the Vietnamese population was unbanked in 2018, according to the World Bank.

Weather forecast for nighttime 11th March and full day of 12th March, 2021

Bac Giang’s 2021 lychee production: ensuring quality, managing code-granted growing areas

(BGO) - Bac Giang province now has more than 27,000 hectares of lychee, mainly in Luc Ngan, Luc Nam, Tan Yen, Son Dong and Yen The district. At this time, the flowering rate is high, signaling a bumper harvest.

Source: VnExpress