Tag "State Bank of Vietnam (SBV)"
Vietnam and Cambodia Unveil Cross-Border QR Payment Connectivity
The central banks of Vietnam and Cambodia officially launched a cross-border QR payment linkage between the two neighbours on December 3, 2023, at a launching ceremony in Cambodia’s Siem Reap province. The Governor of the State Bank of Vietnam (SBV),
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Vietnam Officially Joins ASEAN’s Regional Payment Connectivity
The central bank of Vietnam has officially joined the Regional Payment Connectivity (RPC) initiative to make cross-border payments faster, cheaper as well as more transparent and inclusive. The RPC initiative, encompassing several modalities including QR-code and fast-payment based cross-border payments,
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Open Banking Makes Inroads in Vietnam
In Vietnam, banks are becoming increasingly aware of open banking and recognizing the need to embrace open APIs to keep up with the rapidly evolving financial landscape. So far, at least two local banks have launched developer portals and are
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Vietnam Central Bank Has Only Granted 4 Payment Licenses Over the Past 16 Months
The State Bank of Vietnam (SBV), the country’s central bank and main financial regulatory agency, has only granted payment licenses to four companies since April 2018. According to SBV’s website, Smart Net, Endenred, Paytech and EPay are the latest four
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Challenges or Opportunities for Fintech in Vietnam
In 1995, the first Visa transaction was accepted in Vietnam—the same year that relations between the United States and Vietnam were normalized. In 2006—the year before Vietnam joined the World Trade Organization (WTO)—Visa had 150,000 branded cards in Vietnam. Today,
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