More than 34 million e-wallets were active in Vietnam as of June 30, accounting for 59% of the total 58 million activated e-wallets.

More than 34 million e-wallets were active in Vietnam as of June 30, accounting for 59% of the total 58 million activated e-wallets.

Vietnam's digital payment ecosystem is undergoing a remarkable transformation, driven by a tech-savvy population, government initiatives, and innovative financial solutions, according to finextra.com, a leading UK newswire and information source for worldwide financial technology.

Non-cash payment transactions increased by 63.3% in volume and 41.45% in value in January, compared to the same period last year, the State Bank of Vietnam (SBV) has announced.

Mobile banking apps, e-wallets, QR code-based payments, e-commerce payment platforms and mobile wallet debit or credit cards are the preferred payment methods among Vietnamese consumers, the United Overseas Bank (UOB) said in its report “ASEAN Consumer Sentiment Study" (ACSS) which was released on November 1.

Vietnam is a top market in adopting new technologies, in which 58% of digital consumers have used online banking solutions, e-wallets, money transfer applications, and digital banking.

Vietnam is a top market in adopting new technologies, in which 58% of digital consumers have used online banking solutions, e-wallets, money transfer applications, and digital banking.

The impact of COVID-19 in Vietnam has spurred more than ever the growth of cashless payment, including electronic purses.

The COVID-19 pandemic not only creates challenges for banks, but also pushes them to foster digital transformation to survive, experts have said.

The National Bank of Cambodia (NBC) has urged customers and retailers to use e-wallets and apps to help prevent the spread of COVID-19.

Taking advantage of the upcoming Tet (Lunar New Year) holiday, when demand for online transactions, payments, gifts and to send lucky money increases, many hacker groups are stepping up their fraudulent activities aimed at users of banking services and e-wallets.

Taking advantage of the upcoming Tet (Lunar New Year) holiday, when demand for online transactions, payments, gifts and to send lucky money increases, many hacker groups are stepping up their fraudulent activities aimed at users of banking services and e-wallets.

E-wallets are gearing up to offer online lucky money services as the Tet (Lunar New Year) holiday approaches amid the third coronavirus outbreak in Vietnam.

Global e-payment provider Visa recently announced an accelerator programme for start-ups in Asia-Pacific, including Vietnam.

More than 200 entries have been sent to Viet Solutions 2020 - a competition seeking digital transformation solutions for Vietnam - with 72 percent coming from overseas, the organising board said on August 26.

The shift towards electronic payment is now an established trend with half of Ho Chi Minh City’s public hospitals embracing it, health authorities have said.

Non-cash payment activities have developed strongly in recent years with many payment services such as digital banks and e-wallets.

The popularity of contactless payments has rocketed in Vietnam over the last few years, with banks launching more options for customers to enjoy going cashless.

The COVID-19 pandemic has caused a serious effect to the economy, but it has helped accelerate the race for banks to go digital.

Vietnamese e-wallets have lured hefty sums from diverse partners over the past time, turning the segment into one of the investment hotspots.