Country report · 03. July 2020

THE COVID-19 EPIDEMIC HAS CAUSED VIETNAMESE PEOPLE TO CHANGE THEIR CASH USE HABITS. BESIDES, DISCOUNT POLICIES OF ONLINE PAYMENT CHANNELS HAVE ALSO CONTRIBUTED TO THE STRONG GROWTH IN CASHLESS PAYMENT ACTIVITIES. As of May 2020, there had been 34 companies licensed to provide intermediary payment services in Vietnam, of which more than 20 are e-wallets associated with an active bank account. The frequency of use and average daily spending value via e-wallets are recorded to be really high....