Pathway to revamp legal corridor to promote digital banking With Vietnam currently being home to 70 credit institutions along with payment intermediaries such as e-wallets which provide financial services through the Internet and mobile phones, experts in the field have underlined the need to complete the legal corridor to promote the development of digital banking in the future. Statistics indicate that the value of financial transactions has reached over VND7 million billion via the Internet and approximately VND300,000 billion through mobile phones. These figures show that the transaction volume remains small in comparison to the overall size of the economy. Among economies throughout Southeast Asia, Vietnam enjoys advantages in terms of developing a digital economy due to a relatively strong digital infrastructure when compared to other economies regionally. There also exists plenty of advantages in order to transform the digital economy into a digital space, therefore promoting digitalisation among businesses. Within the banking sector, in contrast to the traditional banking model, digital banks and e-wallets have several differences and competitive advantages due to all communication channels with customers being conducted online through mobile platforms with a rich, intuitive, and cohesive interface, serving to create greater customer engagement. Despite the nation… Read full this story
- Business Breakfast LIVE: TSB appoints new CEO following IT meltdown
- VIETNAM NEWS HEADLINES OCTOBER 8
- VIETNAM NEWS HEADLINES OCTOBER 9
- "Unlimited holiday" firm Visualsoft to more than double Newcastle office
- 12 incredible ways Liverpool has come together in the last year
- Powerhouse funding paves way for new jobs at Hull business
- The lost independent Hull businesses we miss the most
- 140 years of news: DeKalb's 'battle of refuse mountain'
- Brexit latest news: Legal advice reveals Britain will be trapped in backstop even if talks with EU break down
- Brexit latest news: Theresa May should go back to Brussels to renegotiate or be replaced, Tory MP says
- Brexit latest news: EU prepared to offer Theresa May Brexit deal lifeline by extending Article 50
- Brexit latest news: EU prepared to offer Theresa May lifeline by extending Article 50
- September Inflation Surprises Analysts
- The criminals locked up for shocking acts against their own families
- When Spanish flu wiped out 11,000 people in Wales
- The 20 criminals locked up in Hull in October
- Inside Stansted Airport
- The nine people who have been in court in Hull this week
- Hull's most dangerous criminals locked up this year
- What it's really like inside one of Hull's last greasy spoons
BUSINESS NEWS HEADLINES JUNE 12 have 385 words, post on vietnamnet.vn at June 12, 2020. This is cached page on The Best Articles. If you want remove this page, please contact us.