GROUP 7

K194141717 / Đoàn Thị Ngọc Diệu

K194141727 / Nguyễn Trúc Linh
K194141737 / Bùi Nguyễn Thùy Như
K194141747 / Nguyễn Thụy Hồng Thanh

Payment solutions are

being applied in Vietnam
Agenda
NEWS BRIEF
DOMESTIC AND INTERNATIONAL

PAYMENT SOLUTIONS
PRINCIPLES THAT ARE BEING APPLIED
IN VIETNAM
 News brief
Payment solutions are now changing the world
1.1 DOMESTIC

79 Non - Bank 44 Mobile Payment

Payment Service Organizations
Providers

271.000 POS 19.000 ATM

 Contents

Thẻ nội địa: 98 triệu thẻ

Thẻ quốc tế: 20 triệu thẻ

 1.2 INTERNATIONAL
All business globally has been dramatically affected
by the pandemic

Transaction volumes bounced back after initial steep

declines

13% vs 25%
DIVERSIFYING

TECHNOLOGY IS COLLIDING

The 2021 Jury

 Payment
Solutions
Now we’ll talk about which payment solutions
are being applied in our country
 CASH
PAYMENT
Use cash to pay directly in transactions

Anyways, the Vietnamese is prefering using

smart payment solutions to cash for small
expenses

2.1
 11.53 %

11.05 %

< 10 %
 Vietnam Singapore

26% 4%
of payments are of payments are
conducted using cash conducted using cash

70 %
> 2%
 Pros
No transcation fees

More suitable for daily payments

with small value

Quick and Easy-to-use

 Cons
Less safe Difficult to determine the
authenticity of transactions

Have shipping costs and

Counterfeiting Money difficulty to make
international payments

Waste of time and material Reducing capital turnover and

on producting and using cash slowing down production
 CARDS
PAYMENT
2.2
 DEBIT CARD
is a card that allows the cardholder to
make card transactions within the
amount on the cardholder's current
deposit account

Card CREDIT CARD

is a card that allows the cardholder to

Classification make card transactions within the

granted credit limit as agreed

PREPAID CARD
is a card that allows the cardholder to
make card transactions within the
amount of money loaded into the card
corresponding to the amount that the
cardholder has prepaid to the card issuer
132.348.095

BANKS
- Fixed annual fee collection
from cardholders
- Create conditions for banks
to mobilize capital
- Contributing to the
expansion of the bank's
operating area
Pros
OTHERS PROVIDE
CUSTOMER
CARDS PAYMENR
- High security and convenience payment - Consumption of goods and
service services of card-accepting
- Customers have been helped by the establishments has increased
bank to expand their payment ability - Reduce management costs
- Enjoy interest without term
- Ability to trade outside office hours
- Withdraw money at any ATM of any
bank because the banks are connected
with each other.
 Cons
Cardholder has to pay extra fee

Investment capital for this technology is high

ATMs are not equipped with good protection

It is not safe when the computer network system is

compromised, data is lost, PIN number is lost...
PAPER-BASED
PAYMENT

2.3
Negotiable Instrument

A transferable, signed document that promises

to pay the bearer a sum of money at a future
date or on-demand
 Cheques

Payment/ Collection Order

Bill of Exchange
779.407.062
X 6

QII
2021
 Pros Selection is
recommended

Avoid bringing too Extra fees

much cash

Take a waiting time

Safer with specific for about 3-4 days
laws and regulations

Cons
 DIGITAL
PAYMENT
2.4
What is Digital Banking?
Digital Banking is the automation of traditional
banking services 2.4.1. Digital Banking
How does it work?
Digital banking enables a bank’s customers to access banking
products and services via an electronic/online platform.
 Situation in Vietnam

Cooperation with
Self - innovation
Fintech company
Benefits
Increase business efficiency
and security

High precision

Cost optimization
 Limitations
Not popular in all cities in Vietnam

Internet access is a must

Privacy and security concerns

What is Digital Wallet?
A digital wallet is an electronic device or software program that
allows one party to make electronic transactions with another
party bartering digital currency units for goods and services. 2.4.2. E- wallet
How does it work?
E-wallet needs to be linked with the individual’s bank account to
make payments. With the help of an E-wallet, one can make
payments for groceries, online purchases, and flight tickets and so on.
E-wallet usage in Vietnam
Together with the growth of the Vietnamese e-commerce market, the usage of
digital payment services, especially e-wallets, has become more common in the
country. Additionally, the COVID-19 pandemic has accelerated the expansion of
the e-wallet segment.
 Pros
Convenience,
easy and quick Easily accessible

Wide range of uses Lower fees

Security Discounts and offers

 Cons
Limited Retailers

Limited free withdrawals

Your account might lose due to accessing

an untrusted website.
Thank
You