HCM CITY — Vietnamese banks are among the earliest in the world to make the digital transformation, experts have said. Digital payments have been growing at 40 per cent for the last four years, one of the world’s fastest digital transformation rates. Non-cash payments have also seen significant growth, with 82 credit institutions offering internet-based payment services and 51 offering mobile payment services as of the end of last year. The lack of human resources with up-to-date skills is another major challenge to digital transformation, they warn. Organised along with the forum was a fair introducing the advancements needed for the financial industry’s digital transformation.

Source: Viet Nam News May 29, 2023 05:31 UTC