Experts: Non-cash payments need support

Experts: Non-cash payments need support

The Government should create an ecosystem and suitable environment for new products and services as well as pioneer their use to promote the development of contactless payment methods
To promote non-cash collection and spending through the State Treasury system

To promote non-cash collection and spending through the State Treasury system

VCN- In 2017, the Ministry of Finance issued Circular No. 13/2017 / TT-BTC dated February 15, 1977, regulating the management of revenue and expenditure in cash through the State Treasury (State Treasury) to limit transactions in cash in the public sector
By the time of non-cash payment

By the time of non-cash payment

VCN- According to the State Bank of Vietnam (SBV), the ratio of cash in the total means of payment has tended to decrease, from 14.02% in 2010 to 11.45% in August of the year 2017. This number will be more positive as mobile payments with many gadgets ap
Cash payment accounted for only 12% of total payments

Cash payment accounted for only 12% of total payments

VCN- The proportion of cash payment in total means of payments has tended to decrease, from 14.02% (in 2010) to around 12% today.
Electronic payment of public administrative services promoted

Electronic payment of public administrative services promoted

VCN- To the end of 2020, the proportion of cash in the total means of payment will be lower than 10%.
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