Vietnam banks to ban passport-based transactions


FILE PHOTO: A woman rides a motorbike past the State Bank of Vietnam in Hanoi on February 25, 2025. From 2026, customers must present chip-based ID cards or e-IDs for all banking services, including payments, withdrawals and card operations.- AFP

HANOI: Vietnamese citizens will no longer be able to use passports for domestic transactions from Jan. 1, 2026, the Vietnam News Agency reported Monday (Nov 24).

The new regulations, outlined in circulars issued by the State Bank of Vietnam, mandate that customers present chip-based ID cards or e-IDs for all banking services, including payments, withdrawals and card operations.

The central bank noted that this process aims to ensure accuracy, strengthen fraud and forgery prevention, and standardise data across the entire banking system. - Xinhua

 

 

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Vietnam , banks , passport-based transactions , ban

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