Vietnam is enhancing its regulatory framework and policies to promote cashless payments as part of its strategy to develop a more digital economy.

This marked the first collaboration of its kind between a domestic switching network and an international card scheme in the Vietnamese market.

Online transactions are on the rise in Philippines after the central bank urged Filipinos to refrain from cash payment in the context of complicated development of COVID-19.

All of the transactions in the transport sector will be cashless by 2030, as part of a programme on digital transformation recently approved by the Ministry of Transport.

The city of Da Nang, the central region’s major economic driver, is making headway in raising awareness on the benefits of cashless transactions as well as in building financial and technical infrastructure for the future development of a cashless society.

Vietnam's interbank e-payment system handled 37 million transactions worth nearly 21 quadrillion VND (898.4 billion USD) in the first quarter of the year, up 23 percent and 17.8 percent respectively compared to 2018, according to the State Bank of Vietnam (SBV).