The meaningful switch in transaction habits of the Vietnamese to cashless payment after the Covid-19 outbreak last year has greatly contributed to digital transformation in the banking sector.
To boost digital transformation in the community, various technological programs like 5G network development, Mobile Money, or supporting poor people with smartphones are highly welcomed. Yet, until now, experts in the technological field comment that these projects have not reached expectation.
Vietnam ICT Press Club yesterday released the list of top-10 outstanding ICT events in Vietnam in 2021, most of which are related to Governmental directions. The voting process has been done online due to the Complicated Covid-19 outbreak in the country lately.
The approval of the Prime Minister in Decision No.316/QD-TTG on March 9, 2021 to the pilot scheme for the use of telecoms accounts to pay for small-value goods and services (Mobile Money) has attracted much interest of both experts in the fields of banking, finance, telecoms as well as the general public.
Mobile Money refers to the use of a mobile account for payment in general. This method is gradually more feasible now that 90 percent of the population in Vietnam own a mobile phone.