Vietnam’s non-cash payment surges 17.8pc in Q1

23 May, 2019 12:00 AM printer

HANOI: Vietnam's interbank e-payment system handled over 37.3 million transactions worth nearly 20.7 quadrillion Vietnamese dong (some 900 billion U.S. dollars) in the first quarter of this year, posting year-on-year increases of 23 percent and 17.8 percent, respectively, according to the State Bank of Vietnam, the country's central bank.

Between January and March, domestic payment via bank cards reached 65 million transactions totaling 171 trillion Vietnamese dong (7.4 billion U.S. dollar), local daily newspaper Vietnam News quoted Nghiem Thanh Son, deputy head of the central bank's Payment Department, as reporting on Wednesday, reports Xinhua.