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POS machine
Latest news related to POS machines
90% of Vietnamese spending is still in cash.
(Baonghean) - According to data from the World Bank, about 50% of the Vietnamese population has a bank account, but up to 90% of daily spending is still in cash, 99% use cash when paying for items under 100,000 VND and up to 80% of transactions at ATMs are cash withdrawals.
Economy
Big risks when Vietnamese stores pay with Chinese e-wallets
According to the State Bank, some stores that allow Chinese customers to make "underground" payments can evade taxes and fees, but there are also risks because payments must be made through accounts opened in China.
Are ATM card holders restricted from withdrawing 5 million VND/day?
The draft Circular amending and supplementing Circular No. 19/2016 regulating bank card activities stipulates a maximum withdrawal limit of VND 5 million/day at POS machines for credit cards, but what about ATM cards?
Vietcombank ATM cardholder lost money at midnight
While still keeping his Vietcombank ATM card in his bag, a customer kept receiving text messages notifying him of a cash withdrawal transaction.
Ways Vietnamese tycoons buy luxury cars
From carrying a large bag of money to using a phone to pay, the way Vietnamese tycoons buy cars has changed a lot.
'Wave card, swipe phone' payment has arrived in Vietnam
Contactless electronic payments such as waving cards or swiping phones are gaining traction in Vietnam.
You can now 'swipe' your phone to pay instead of an ATM card in Vietnam
For the first time, Vietnamese users can touch their phones to POS machines to pay instead of swiping with bank cards.
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