Expanding local currency usage will offer businesses greater flexibility in payment options, lowering transaction costs and easing foreign currency demand pressures.

As the number of visitors to Singapore continues rising post-pandemic, the Monetary Authority of Singapore (MAS) is expecting more and higher-value cross-border payment transactions.

Vietnam has received a 51.5-million-USD payment for verified emissions reductions (carbon credits) for reducing deforestation and forest degradation (commonly known as REDD+) and for enhancing carbon stored in forests through reforestation and afforestation.

Prime Minister Pham Minh Chinh on December 29 asked the Governor of the State Bank of Vietnam (SBV), the Minister of Finance and the General Director of Vietnam State Treasury to deploy measures to meet payment and cash demands of individuals and firms at year-end, during the coming New Year and Lunar New Year holidays.

Mobile banking apps, e-wallets, QR code-based payments, e-commerce payment platforms and mobile wallet debit or credit cards are the preferred payment methods among Vietnamese consumers, the United Overseas Bank (UOB) said in its report “ASEAN Consumer Sentiment Study" (ACSS) which was released on November 1.

Ho Chi Minh City's Department of Construction in collaboration with the Department of Information and Communications on October 4 announced administrative procedures to provide online public services with a view to encouraging local people, organisations and businesses to go online for the settlement of administrative procedures.

With the collection of road and sidewalk usage fees scheduled to begin on January 1, 2024, Ho Chi Minh City estimates that it can collect close to 800 billion VND (32.89 million USD) annually, serving the upkeep of these facilities.

The central beach city of Da Nang has promoted non-cash payment, particularly in tourism areas and market system, making things more convenient for the locals and visitors.

From now to 2025, the locality will continue to attach importance to e-commerce development and international economic integration.

The National Bank of Cambodia (NBC) will soon sign agreements with the Bank of Lao (BOL), the State Bank of Vietnam (SBV) and other countries in the region to boost the usage of the local currency in the economy through technological advancement that makes it easier for the people, NBC’s Deputy Governor Chea Serey has said.

Some 77% of Vietnamese consumers believe they could go cashless for three days, according to a new survey by Visa entitled “Consumer Payment Attitudes Study 2022”.

Bank Negara Malaysia (BNM) and Bank Indonesia (BI) on May 8 announced the commercial launch of the Indonesia-Malaysia cross-border quick response (QR) code payment linkage.

The Viet – Smart Travel Card was officially launched by Tourism Information Technology Centre (TITC) under the Vietnam National Administration of Tourism on May 5.

The Authority of Broadcasting, Television, and Electronic Information under the Ministry of Information and Communications (MIC) on March 23 organised a workshop seeking measures to curb payment for illegal games.

Thai Director General of the Revenue Department Lavaron Sangsnit hass aid the department is using artificial intelligence (AI) to examine tax payments, enabling deeper scrutiny and preventing tax evasion.

Indonesia is drafting a regulation enabling media outlets to receive payments from digital platforms or aggregators that carry their content, the country’s Press Council has said.

Vietnam’s four biggest State-owned banks have an urgent need for capital increase in 2023 as their charter capital is too low, with some unable to ensure the regulated minimum capital adequacy ratio (CAR), according to industry insiders.

The National Service Portal has more than 3.2 million registered accounts since the time of launch (December 9, 2019) to mid-October 2022.

Techcombank has received eight awards from the global payments company Visa for its achievements in 2021. These prestigious awards were presented last month.

Facebook ads in Vietnam will be subject to a 5 percent value added tax (VAT) beginning from June 1.