Vietnam transitions to a cashless society

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(VOVWORLD) - Visa’s Consumer Payment Attitudes Study 2023 indicates a significant rise in cashless payments, especially mobile wallet transactions, among Vietnam’s merchants. 
Vietnam transitions to a cashless society - ảnh 1Consumers learn about payment services at the 2024 Cashless Day celebration (Photo: Quyen)

A remarkable 79% of food and dining establishments and 74% of retailers and convenience stores now accept cashless payments.

Meanwhile, Visa’s Asia Pacific Small and Medium-sized Business (SMB) Research 2023 further indicates that over 40% of SMBs in Vietnam now accept card payments, acknowledging their critical role in business operations.