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Banking digitalisation sees rapid growth: SBV

Banking digitalisation sees rapid growth: SBV

The average annual growth in the number of transactions via QR code has reached 471.13% since the payment method's introduction in 2018, 77.41% of the Vietnamese adult population possess payment accounts with commercial banks reporting over 90% of all transactions conducted through digital channels, with some banks achieving a rate of up to 98%, according to the State Bank of Vietnam (SBV).
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