Deputy Prime Minister Vuong Dinh Hue (R) and Grab CEO Anthony Tan (Source: vov) Hanoi (VNA) – The Vietnamese Government willcontinue to support and solidify legal regulations on cashless payment systems,Deputy Prime Minister Vuong Dinh Hue told Anthony Tan, CEO and co-founder ofGrab – a ride-hailing platform in Southeast Asia which has been popular inVietnam over the past five years.
During a reception in Hanoi on October 2, the Deputy PM saidthat cashless payment reform is another step towards e-government, and as suchthe Government will pay close attention to the issue, especially for onlinepublic services payments.
He said there are 78 credit organisations supplying cashlesspayment services and 28 others offering other mediums of payment such as e-walletand electronic payment portals in Vietnam.
Apart from facilitating payment, he said Vietnam’s legalregulations must ensure financial safety and prevent money laundering.
The host asked Grab to send applications to Vietnam’sagencies to launch cashless payment services and consider expanding intologistics in the country.
Tan, for his part, expressed his wishes that Vietnam wouldallow the opening of e-wallets without connecting to bank accounts. Hesuggested that e-wallets could be registered at convenience stores and thee-KYC (Know Your Customer) process would be enabled to reduce turnaround timeand paperwork.
He said Grab wants to assist Vietnam in building andlaunching online payments for public services under the e-government project.
At the World Economic Forum on ASEAN 2018 held inmid-September in Hanoi, Grab also offered other suggestions on developing cashlesspayment to the Vietnamese Government. –VNA
During a reception in Hanoi on October 2, the Deputy PM saidthat cashless payment reform is another step towards e-government, and as suchthe Government will pay close attention to the issue, especially for onlinepublic services payments.
He said there are 78 credit organisations supplying cashlesspayment services and 28 others offering other mediums of payment such as e-walletand electronic payment portals in Vietnam.
Apart from facilitating payment, he said Vietnam’s legalregulations must ensure financial safety and prevent money laundering.
The host asked Grab to send applications to Vietnam’sagencies to launch cashless payment services and consider expanding intologistics in the country.
Tan, for his part, expressed his wishes that Vietnam wouldallow the opening of e-wallets without connecting to bank accounts. Hesuggested that e-wallets could be registered at convenience stores and thee-KYC (Know Your Customer) process would be enabled to reduce turnaround timeand paperwork.
He said Grab wants to assist Vietnam in building andlaunching online payments for public services under the e-government project.
At the World Economic Forum on ASEAN 2018 held inmid-September in Hanoi, Grab also offered other suggestions on developing cashlesspayment to the Vietnamese Government. –VNA
VNA
