Mobile money service will help transform telecom networks by creating a foundation for data, computing, digital content, and internet of things (IoT). - Photo vietnamplus.vn The service allows users to transfer and receive money as well as make payments through mobile accounts for services such as health, education, finance, jobs and social welfare. The scheme permits telecommunications firms to pilot a mobile money service not linked to consumers’ bank accounts. If Viet Nam approves a trial run of the mobile money service this year, the country will be the 91st nation in the world operating the service, according to Hung. By the end of 2018, as many as 90 countries were accepting mobile money with up to 900 million users. The transaction value reached US$1.3 billion a day with an annual growth rate of 20 per cent. In Asia, the growth rate was 31 per cent. In many countries, half of the population uses mobile money. Although Viet Nam was implementing the service at a later … [Read more...] about Mobile money service to promote non-cash payments
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Nguyen Thi Thu Trang, Director of the VCCI’s Centre for WTO and Economic Integration, addresses the workshop in Hanoi on October 23 (Photo: VNA) Hanoi (VNA) – The European Union (EU) – Vietnam Free Trade Agreement (EVFTA) is set to have considerable impact on the future of the financial and telecom sectors of Vietnam, heard a workshop in Hanoi on October 23. At the event, Vice Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Hoang Quang Phong said the EVFTA, signed on June 30 this year and currently in the ratification process, includes many notable commitments regarding financial services like banking, insurance and securities, and telecom services. The openness of the Vietnamese market has already been higher than the commitment to the World Trade Organisation (WTO), and the country has also issued many minimum standards for the State’s management of these services. Meanwhile, the EU has strength in financial and telecom services. … [Read more...] about Workshop talks EVFTA’s impact on financial, telecom sectors
Dang Hoang Hai, Head of the Ministry of Industry and Trade’s Department of E-commerce and Digital Economy; Pham Trung Kien, Director General of Viettel Digital, Phung Anh Tuan, Vice President and General Secretary of the Viet Nam Association of Financial Investors According to the Central Institute for Economic Management, the use of cash for payments is a deep-rooted habit in Viet Nam with cash transactions accounting for 90%. Up to 99% of population use cash for payments of less than VND100,000 and nearly 85% use ATMs for cash withdrawal, reported the Institute. Dang Hoang Hai, Head of the Ministry of Industry and Trade’s Department of E-commerce and Digital Economy. Photo: VGP Recent developments of non-cash payments Dang Hoang Hai: Data shows that there have been fast-changing trends, including non-cash payment in our society. Accroding to the State Bank of Viet Nam, non-cash transactions grew by 30% in terms value of non-cash payments increased by 18% in … [Read more...] about Should telecom accounts give strong boost to cashless payment development?
At the launching ceremony of 5G technology The announcement was made at the event organized to mark its five years of operation in Peru. Bitel has successfully piloted 5G services in the country. Accordingly, the data connection speed on terminal devices reached up to 1,506Mbps, much higher than the designated speed of the 4G LTE network. In his remarks, Bitel Director General Phan Hoang Viet affirmed that the company targets to take up 18 percent of the host country’s market share by 2020 while investing in the latest technologies to serve its customers. The President of the Peruvian Supervisory Agency for Private Investment in Telecommunications (Osiptel) Rafael Muente Schwarz congratulated Bitel on its achievements over the past five years. The senior official highly appreciated Viettel’s sub-brand for providing services to millions of Peruvians, adding that Bitel’s arrival has boosted competiveness and development in the country’s … [Read more...] about Viettel to launch 5G services in Peru
Corporate Online healthcare services to be offered to ViettelPay users By Thuy Dung Tuesday, Oct 22, 2019,15:48 (GMT+7) Online healthcare services to be offered to ViettelPay usersBy Thuy Dung Representatives of ViettelPay and Doctor Anywhere pose for a photo after signing the agreement. As many as six million ViettelPay users will have the chance to experience online healthcare services – PHOTO: DOCTOR ANYWHERE HANOI – As many as six million ViettelPay users will have the chance to experience online healthcare services thanks to the cooperation between payment intermediary service provider ViettelPay and Singapore-based telehealth supplier Doctor Anywhere. Doctor Anywhere and ViettelPay, part of military-run telecom provider Viettel, signed a strategic partnership agreement on October 21 to offer online healthcare services to ViettelPay’s customers in Vietnam. Through the partnership with Doctor … [Read more...] about Online healthcare services to be offered to ViettelPay users