The people’s habit of withdrawing cash from ATMs has changed

According to a report by Vietnam National Payment Joint Stock Company (Napas), many people are more accustomed to spending through cards, banking applications, instead of cash withdrawals.

If in 2018, 62% of people use bank cards to withdraw cash, this figure has decreased to 42% in 2019. Data from Napas shows that people tend to shift from cash withdrawal to spending. money, to non-cash payments via electronic banking channels.

In fact, on banking applications, many services are available such as paying for electricity, water, and telephone, then allowing to link with e-commerce sites to buy many other items. The total value of transactions in these forms increased by more than 170% last year.

Banks also continuously launch promotions, refunds for card spending to encourage people to pay without using cash, reduce the load for cash withdrawal needs that cause congestion at ATMs at the end of the year.

 

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Solutions in the banking sector

Along with the growth of global trade, banks and payment service providers are constantly looking for new payment solutions to meet the challenges faced by card payment acceptance points. They need to provide the best solutions in the most revolutionary sense, the easiest, safest and the best processing capacity. And even overcome these needs by

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No contact: Future banking trends

Vietnam has 41 banks with the current number of magnetic cards at about 75 million; nearly 280,000 POS machines – most of them have complied with the Chip Card Standard (EMV) and the upgrade to support the local chip card standard is not too complicated. Safety, security, multi utilities According to EMVCo data, as of

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Ngày thẻ Việt Nam 2020 truyền cảm hứng tiếp cận, trải nghiệm các dịch vụ ngân hàng, thanh toán hiện đại, tiện ích

“Ngày Thẻ Việt Nam 2020” gồm một chuỗi sự kiện, bắt đầu từ ngày 7/11/2020 tại Hà Nội, với chủ đề Khơi dậy nội lực từ khủng hoảng COVID-19, thúc đẩy phát triển thanh toán không dùng tiền mặt. Dưới sự chỉ đạo nội dung của Ngân hàng Nhà nước Việt Nam, ‘‘Ngày Thẻ Việt

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TPBank soon “finished” converting domestic chip cards

TPBank is the first bank to officially complete the system conversion, allowing the issuance and acceptance of local chip cards in Vietnam. According to TPBank, the entire ATM system and mPOS plus of this bank have completed the conversion to accept domestic chip cards and contactless chip cards for customers, two years earlier than the

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What is a chip card? Why use a chip card instead of a magnetic card?

Chip card (English: Chip card) is a plastic debit or credit card with the standard size and contains a chip located on the front of the card. Chip cards Concept Chip cards in English have many ways to call such as Chip card, smart cards, chip-and-pin cards, chip-and-signature cards, Europay – MasterCard – Visa (EMV)

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