Saturday, September 6, 2025

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card payment

News updates related to card payments

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Prevent the abuse of credit card swiping for cash

Payment service organizations must clearly stipulate that credit cards cannot be used for money transfers, which is one of the measures the State Bank has put in place to control risks in card operations.

Nghe An promotes payment via banks for public services

(Baonghean) - Following the Government's direction, Nghe An province is implementing many solutions to promote cashless payments, including public services. The goal is to reduce the proportion of cash to total means of payment to less than 10% by the end of 2020.
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.

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