BUSINESS NEWS HEADLINES MAY 26 – The Best Articles

Banks urged to promote digitalisation Customers use a banking app. To promote digital economy, banks should find way to quickly bring ordinary users to become digital customers. — Photo vneconomy.vn With many people looking for new options to deal with their financial affairs, digitalisation of services and e-payments are becoming crucial. Vu Tien Loc, chairman of Viet Nam Chamber of Commerce and Industry (VCCI) told an online forum held in Ha Noi yesterday there can be positives to take from the pandemic. “COVID-19 has been a catalyst that helps Viet Nam accelerate digitalisation of the economy, businesses, banks as well as e-commerce,” Loc said. Statistics showed the country now has 70 credit institutions and intermediaries unit such as E-wallets providing payment services online and through cell phone apps. The total value of digital financial transactions topped VND7.3 quadrillion and 300,000 transactions via mobilephone so far. Although there has been progress building a legal corridor for digital payment services, there were still obstacles in place. These have deterred digital payments from expanding quickly and easily to customers who prefer convenience, he said. The Decision No 645/QD-TTg on the overall plan of the national e-commerce development in 2021-25 period targets to have… Read full this story

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