The State Bank of Vietnam said internet banking transactions surged by 57.8% in volume and 32.4% in value. Mobile banking transactions increased by 68% in volume and 41% in value. Notably, QR code payments skyrocketed by over 890% in volume and more than 1,060% in value. The figures for transactions via automated teller machines went down by 15% and 18%, respectively. These results illustrate a clear trend towards transitioning from cash to cashless payments.

Source: Viet Nam News March 08, 2024 21:44 UTC