Untapped potential in domestic credit card market

The central bank considers it a key objective of the banking sector to make it easier to get and use cards and reduce black-market lending. — VNA/VNS

HANOI: There is a lot of untapped potential in the market for credit cards in the domestic market, say industry insiders and policymakers during a seminar to promote using cards and being part of a cashless society.

The event in Hanoi last week was co-organised by the State Bank of Vietnam’s (SBV) Payment Department, the National Payment Corp of Vietnam (Napas) and the Lao Dong newspaper.