August 6, 2024
HANOI – More than 34 million e-wallets were active as of June 30, accounting for 59 per cent of the total 58 million activated e-wallets.
According to data from the Payment Department under the State Bank of Việt Nam, Việt Nam has reached 9.13 million mobile-money accounts as of June and carried out 128 million transactions worth VNĐ4.78 trillion (US$197.2 million).
Payment growth via a QR Code increased by 104.23 per cent in quantity and 99.57 per cent in value in the first six months of this year compared to the same period last year.
Currently, the country has 50 payment intermediary organisations, of which 48 organisations provide e-wallet services.
According to the National Payment Corporation of Việt Nam (Napas), the payment market in Việt Nam had 3.5 billion non-cash payment transactions last year, with a total value of more than VNĐ66 quadrillion.
The number of transactions via QR Code reached about 183 million transactions, a strong growth of 170 per cent compared to 2022.
The total transaction value via QR Code gained about VNĐ116 trillion, an increase of 74 per cent compared to 2022.
Online payment transactions (Ecom) will reach about 210 million transactions, a growth of 15 per cent compared to 2022.
The total transaction value reached about VNĐ150 trillion.
More than 145 million cards are in circulation with total card payment turnover reaching more than VNĐ1.8 quadrillion last year, a year-on-year growth of about 18 per cent.