Over 50% of the Vietnamese population does not have a payment account at banks, therefore, mobile money would offer a non-cash payment method for a large base of customers.

The banking authority has worked with relevant ministries and branches in launching direct carrier billing service.

Many local shoppers have preferred online payment services to cash payment in the ongoing social distancing period.

More efforts are being made to speed up the economic recovery process while many countries are struggling with the Covid-19 pandemic.

The regulation on mobile payment will not allow users to recharge from scratch cards but they must conduct deposits and withdrawals from the registered bank account.