Bank cards touch over 60 million

Illustration photo

The SBV Payment and Settlement Department has reported that 3.05 million new cards were issued in Q2 alone. 

Total trading volume via cards in Q2 reached VND27.89 trillion (US$1.297 billion) with 6.57 million transactions.

Of the total, there were 54.89 million domestic cards, accounting for 91.25% of the plastic used in the country.

They included 55.75 million debit cards, 2.09 million credit cards and nearly 2.31 million prepaid cards.

At the end of June, the country was home to 14,410 ATMs and over 111,000 points of sale.

However, millions of bank accounts are mainly used to withdraw cash rather than make payments via cards and banking facilities.

The central bank is also drafting a decree under which individuals will not be allowed to pay for securities, houses, land and vehicles including cars and motorcycles using cash.

Organizations will not be permitted to use cash for transactions in real estate, securities, aircraft, ships or cars, regardless of the value./.

By Khanh Phuong