Headlines 06/11/2021 14:13 CH

Solutions for developing modern payment services are now available

Bảo Trân

On October 28, 2021, the Prime Minister issues the Decision No. 1813/QD-TTg on approval of the Program for development of non-cash payment facilities in Vietnam for the 2016-2020 period.

According to this Decision, in order to develop non-cash payment facilities, several solutions for developing modern payment services below are adopted:

- Developing new payment products and services by means of core technologies such as artificial intelligence and big data analytics (also known as AI, Big Data, Data Analytics), cloud computing...;

- Boosting the application of payment products and services on mobile devices, such as: payment via QR Code, mobile payment, e-wallet,...;

- Encouraging investment in developing, logically arranging and improving functions, features and services of card payment acceptance devices (e.g. ATM, POS) in appropriate and effective fashions;

- Formulating policies to promote, develop and encourage people, businesses and related organizations to use non-cash payment services in their e-commercial activities;

- Building online systems for handling of claims or complaints involved in e-commerce activities, protecting legitimate rights and interests of parties involved in transactions.

Decision No. 1813/QD-TTg is entering into force as of the signature date.



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