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POS
POS related news updates
Nghe An completes issuing electronic invoices at gas stations
(Baonghean.vn) - As of March 28, 100% of gas stations in Nghe An have completed issuing electronic invoices as required by the Prime Minister.
Economy
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.
Reducing ATM withdrawals from 11pm to 5am: Banks also complain about difficulties
The request to reduce the withdrawal limit from 11pm to 5am is also causing headaches for banks because of the expected increase in costs due to the adjustment of ATM system management and time. However, the biggest headache for banks is how much should the withdrawal limit be reduced to retain customers?
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.
Fearing insecurity, banks will convert 70 million ATM cards to chip cards
According to recent information from the State Bank of Vietnam (SBV), the pilot implementation of the domestic chip card (ATM) standards is going very well and it is expected that the standards will soon be issued for widespread application nationwide. Thus, by 2020, more than 70 million ATM cards will be converted from magnetic cards to chip cards.
Banks reduce ATM withdrawal fees
Napas will reduce up to 150 VND per transaction for the bank, equivalent to 10% of the fee this unit enjoys.
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
DNUM_BEZBBZCABH 21:23
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
DNUM_DBZBAZCABH 16:17
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
DNUM_CHZAJZCABH 21:02
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
DNUM_BDZAJZCABH 15:40
For the first time, Vietnamese users can touch their phones to POS machines to pay instead of swiping with bank cards.
Nghe An deploys online public service payment solution
DNUM_BBZAFZCABH 09:25
(Baonghean.vn) - Nghe An will pilot the implementation of solutions to develop cashless payments, including online collection of fees and charges for public administrative services.
How many credit cards should Vietnamese people have?
DNUM_DAZBCZCABG 20:02
Trying to open multiple cards will make you easily become a "king of cards", but if you know how to use them, two cards from different issuers will help you maximize your costs.
Payment via POS in Nghe An: Sales are still low
DNUM_CHZBCZCABG 09:41
(Baonghean) - Cashless payment is an inevitable trend as technology develops, but people's cash spending habits have not changed much. In Nghe An, ATM cards have developed quite strongly, but POS card payment acceptance machines are very few.
Ensuring ATM safety at the end of the year
DNUM_CBZBCZCABG 10:39
The State Bank of Vietnam has just issued a document on ensuring service quality and ATM safety, especially at the end of the year and during the 2017 Lunar New Year.
Nghe An: POS payment turnover reaches 325 billion VND
DNUM_BGZBBZCABF 07:57
(Baonghean.vn) - Recently, commercial banks in the area have increased investment in installing additional infrastructure to cover the ATM network and improve service quality to better serve people's cashless payment needs.
Mistakes that cause loss of money when using ATM and POS
DNUM_CJZAIZCABF 21:00
The bank is not responsible if the error is the customer's, so you need to avoid the following mistakes when withdrawing money and swiping credit cards.
Card payment via POS: People are not interested
DNUM_CIZACZCABC 10:04
(Baonghean)- According to the direction of the State Bank, the goal is that by the end of 2011, the interconnection of card payment networks through card acceptance points (POS) must be implemented in all provinces and cities across the country, in order to limit cash circulation, ensure safety and reduce costs.
Nghe An connects card payment network via POS
DNUM_CIZBCZCABB 15:18
(Baonghean.vn) - Implementing the direction of the State Bank of Vietnam on deploying interconnection of payment networks...
Why is POS card payment not yet developed?
DNUM_BCZAHZCABB 09:21
There are no official statistics on individual customer transactions via ATM and POS, but according to commercial banks, the majority are cash withdrawals, while card payments are... very rare.
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