Over 463,000 users of Mobile Money service reported nationwide

More than 463,000 people have used Mobile Money as of February 11, over one month after the Viettel Military Industry and Telecoms Group (Viettel) and the Vietnam Posts and Telecommunications Group (VNPT) launched the cashless payment service, according to the Ministry of Information and Communications.
Over 463,000 users of Mobile Money service reported nationwide
Over 463,000 users of Mobile Money service were reported nationwide. (Photo: VNA)

So far, 77,200 establishments have accepted this payment method nationwide, the ministry said.

To popularize the service to the public, Viettel has set up 80,000 points to provide consultations and support customers in registering and using the service.

Mobile Money is expected to be a push towards cashless payment in Viet Nam, a country where only 50 percent of the population have a bank account, and most people pay for goods valued at less than 100,000 VND (4.41 USD) in cash.

The development of Mobile Money will help promote digital transformation, and expand the use of cashless payment services for most people, especially those in remote, mountainous and rural areas.

The ministry will build mechanisms to promote, manage and supervise the deployment of the Mobile Money service this year.

It will also continue to encourage telecom service operators to transform telecommunications infrastructure into digital infrastructure, which will significantly contribute to developing e-Government, the digital economy and society.

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(Source: VNA)