Ho Chi Minh City seeks faster switch to cashless payment

A customer makes payment with MoMo e-wallet at a Co.opmart supermarket in HCM City. — VN/ANN

HO CHI MINH CITY (Vietnam News/ANN): NguyEn Anh Duc, general director of Saigon Co.op, said the rate of cashless payment at its system, including Co.opmart, Co.opXtra, Co.op Food, and Co.op Smile, has increased sharply since last year from 3-5 per cent to nearly 21 per cent now.

It targets a 30 per cent ratio within four to five years.