Vietnam to build ‘integrated payment ecosystem’ to promote cashless payments

A visitor at HDBank booth at the Cashless Town Festival organised as part of Cashless Day 2023 last weekend in HCM City. - VNS

HCM CITY (Vietnam News/Asia News Network): With emerging technologies such as AI and blockchain, Vietnam has the ability to leverage data connectivity to create ‘an integrated payment ecosystem’ to promote cashless payments, experts said at a meeting last Friday (June 16) in HCM City.

Speaking at a seminar held as part of Cashless Day 2023, Pham Tien Dung, deputy governor of the State Bank of Vietnam (SBV), said: “Data connectivity is the key to unlocking the full potential of cashless payments.”