Mobile money aims to promote non-cash payment and the development of diverse economic sectors in Vietnam According to Minister of Information and Communications Nguyen Manh Hung, despite being somewhat late, the new service would get the green light for deployment from next month (June) and telecom service providers who get the go-ahead need to carefully prepare both their plans and associated material bases to ensure fast implementation. Hung noted that the prime minister has approved the deployment of the new service on a national scale, instead of only “in some specific areas” as proposed earlier. Hung lifted the veil on the fresh mobile money deployment plan in Vietnam at a recent Ministry of Information and Communications meeting. The telecom sector’s leading players – VNPT, Viettel, and MobiFone – submitted dossiers for mobile money trial implementation last year, of whom state-owned telecom group VNPT and military-run Viettel are expected to be the first ones to be greenlit. Right after learning that authorised management agencies might grant licenses for the implementation of mobile money services from next month, Nguyen Son Hai, deputy general director of VNPT told VIR, “It only takes one month for us to roll out the service in the market after getting the… Read full this story
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