Along with the increasing number of smartphone users, several banks have developed services to support financial transactions via mobile phones.
Online transactions may replace traditional methods A survey on internet usage in Southeast Asia by Nielsen in 2011 showed that two out of every five Vietnamese use smartphones to access internet. At the time of the report online banking service for mobile phones were still new and simple. But with the increased access to broadband networks, WiFi services and a huge smartphone and tablet market, consumers are getting online more often. As a result, banking services for mobile phones have increased dramatically.
Such services facilitate consumer banking by taking away the necessity to travel to a bank branch, ATM machine or even a computer. They have also made it easier for smartphone users to pay bills and transfer money.
Since 2011, many banks have started to develop their own smartphone apps to promote their mobile banking services.
Talking with Nhandan Newspaper, Hoang Son, Director of Viettel Telecom Company, said they are providing a service called Bankplus to many major banks including LienVietPostBank, BIDV, Vietinbank, Vietcombank and Military Bank.
Le Thanh Tam, CEO of IDG – ASEAN, an international data group said, “Banks won’t have to establish as many branches and at some point, the number of branches may even decrease.”
This is also part of a broader programme to eventually foster more cashless payment systems in Vietnam, which has been approved by the Prime Minister.
Đăng ký: VietNam News
