Promote electronic payments

The trend of "touch and go"

Many applications, e-wallets have been highly appreciated by customers, initially received the love and trust of customers and goods service delivery points, thereby creating the "tap & go" trend. "(touch and go) is able to complete the payment of fees for different types of services easily and conveniently.

Mr. Dinh Ton (living in Trang Dai Ward, Bien Hoa City) shared: “In my family with 6 members, there are 5 people using smartphones with electronic banking services such as internet banking and wallets. e-payments linked to bank accounts are Momo, Airpay, VNPay to pay for e-commerce, dining, entertainment, and travel transactions ... Electronic payment helps members  control spending. , receiving many preferential codes, promotions as well as minimizing direct contact, limiting the risk of infection during the Covid-19 epidemic with many complicated developments like today ".

Many companies, supermarkets, trade centers, retail stores ... in the province have expanded more forms of payment such as: support for card payments of most banks, application of Consumer payment application through applications integrated in smartphones ...

In addition, commercial banks in the province have coordinated with many units and companies in the province to deploy many activities, online payment channels such as: collection of electricity bills, water bills, and high fees. medical services, transportation, electronic invoices ... through forms such as internet banking, mobile banking, automatic debit.

According to the State Bank of Vietnam, Dong Nai branch, over 3 years of implementing the project to promote via-bank payment for public services such as taxes, electricity, water, tuition fees, hospital fees and payment of chapters. Government social security, payment for public services in the province has many positive changes. Specifically, 97% of electricity bill collection transactions are made via banks, 98% of budget collection transactions are done via banks, 100% of water service companies accept bank payments and E-wallets ...

Mr. Pham Quoc Bao, Deputy Director of the State Bank of Vietnam Dong Nai branch, said that under the impact of the Covid-19 epidemic in the past year, people's consumption habits have changed a lot. People are more and more interested in online shopping and payment. This has contributed to promoting the development of online payment channels and transactions, increasing the proportion of people using non-cash payments.

Mobile Money: Motivating the digital economy

According to the Decision approving the pilot implementation of using a telecom account to pay for goods and services of small value (Mobile Money) has just been issued by the Prime Minister, the pilot of Mobile Money is a business operator. Enterprises have a license to provide e-wallet payment intermediary services and a license to establish a mobile terrestrial public telecommunications network using radio bands or a subsidiary licensed by the parent company establishing a public ground mobile telecommunications network using radio frequency bands allowing the use of telecommunications infrastructure, networks and data (piloting enterprise).

This decision stipulates that each customer can only open 1 Mobile Money account at each pilot enterprise. Transaction limit does not exceed 10 million VND / month for each Mobile Money account for total transactions such as: withdrawal, money transfer and payment ...

According to many experts, Mobile Money is expected to create a lot of businesses doing business in the digital economy, technology startups. These businesses are increasingly appearing in the world with new development trends, leading the future. Cashless payments are suitable for innovative startups, associated with digital transformation and integration today.

In addition, the Government's agreement to pilot Mobile Money will promptly meet the needs of people when they spend and purchase small value products, contributing to bringing practical benefits, contributing to convincing. with more users, increasing spreading power with people in forming non-cash payment habits. 

Phan Anh