22-Mar-18, Nikkei Asian Review 

Electronic payment is taking off in Vietnam as people solve the problem of spotty bank coverage with payment apps and other online services.

E payment soars in Vietnam as a solution to skimpy bank coverage (c) Reuters

Image: Reuters

Fewer than half the population have bank accounts, with the ratio especially low in rural areas. And as mobile devices spread, e-payment is set to become even more popular.

E-payments in Vietnam grew 22% in 2017 to USD6 bn, and are projected to double by 2022. 

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