ePayments February 28, 2001
E-payments
E-payments
Conditions
Conditions
- Modern banking systems
- Modern banking systems
- Businesses are connected to internet, to banks
- Businesses are connected to internet, to banks
- Legal framework (laws, decree, e-UCP...)
- Legal framework (laws, decree, e-UCP...)
- Security infrastructure for online payments
- Security infrastructure for online payments
- Purchase habits, business culture
- Purchase habits, business culture
E-payment
E-payment
Current status of banking system
Current status of banking system
- 1998, World Bank project “Modernizing the banking
- 1998, World Bank project “Modernizing the banking
ans payment system in Vietnam”
ans payment system in Vietnam”
- Six major commercial banks completed in 2003
- Six major commercial banks completed in 2003
+ Vietcombank, Techcombank, AgriBank, IDB, Exim Bank,
+ Vietcombank, Techcombank, AgriBank, IDB, Exim Bank,
Marine Bank
Marine Bank
- Implemented SWIFT (Society of Worldwide
- Implemented SWIFT (Society of Worldwide
Interbank Financial Transactions www.swift.com)
Interbank Financial Transactions www.swift.com)
- ATM systems
- ATM systems
- Internet Banking
- Internet Banking
E-payment
E-payment
Some barriers to e-payment
Some barriers to e-payment
- Legal values of electronic-documents in finanace, banking
- Legal values of electronic-documents in finanace, banking
- Sucurity infrastruture, especially “comsumer’s
- Sucurity infrastruture, especially “comsumer’s
protection”
protection”
- Promote e-payment services to each businesses
- Promote e-payment services to each businesses
- 2006: trial process
- 2006: trial process
Details: Report VN’s Ecommerce status
Details: Report VN’s Ecommerce status
www.mot.gov.vn
www.mot.gov.vn;
; www.ftu.edu.vn
www.ftu.edu.vn
E-payments
E-payments
Tools: Payment card
Tools: Payment card
- Credit card: since 1996, 10 major banks, 2004:
- Credit card: since 1996, 10 major banks, 2004:
125.000 cards, increase rate 49%/year
125.000 cards, increase rate 49%/year
- Debit card: since 2002, 15 major banks, 760.000
- Debit card: since 2002, 15 major banks, 760.000
cards, debit, small payments, money transfer...
cards, debit, small payments, money transfer...
10.000 card acceptance points, 800 ATMs
10.000 card acceptance points, 800 ATMs
- Purchase card: Viet Travel, Saigon Tourist,
- Purchase card: Viet Travel, Saigon Tourist,
Citymart,
Citymart, www.golmart.com.vn
www.golmart.com.vn...
...