On April 15, the Government issued Resolution 87 on extending the pilot implementation period of using telecommunications accounts to pay for small-value goods and services - Mobile Money.
The Resolution clearly states that enterprises approved by the State Bank of Vietnam to pilot Mobile Money will continue to pilot from January 1, 2025 to December 31, 2025.
The State Bank of Vietnam continues to preside over and coordinate with the Ministry of Science and Technology, the Ministry of Public Security, the Ministry of Justice and relevant ministries and agencies to develop and advise the Government to issue a Decree regulating Mobile Money services in accordance with the Law on Promulgation of Legal Documents.
The pilot implementation of Mobile Money service was approved by the Prime Minister in Decision 316 dated March 9, 2021, with a duration of 2 years from the time the first enterprise is approved to provide the service.
The goal is to contribute to the development of non-cash payment activities, increase access to and use of financial services, especially in rural, mountainous, remote, border and island areas of Vietnam.
At the same time, take advantage of infrastructure, data, telecommunications networks, reduce social costs to develop and expand cashless payment channels on mobile devices, bringing convenience to users.
In fact, since the end of November 2021, telecommunications enterprises including Viettel, VNPT, and MobiFone have been approved by the State Bank to pilot Mobile Money services.
After 2 years of pilot implementation, on November 18, 2023, appreciating the benefits of Mobile Money service, the Government issued Resolution 192 assigning the State Bank of Vietnam to preside over the drafting of legal documents regulating Mobile Money to officially put this service into operation, and at the same time extend the pilot period until the end of 2024 while waiting for legal regulations.
According to data from the Ministry of Information and Communications (now the Ministry of Science and Technology), the total number of customers using Mobile Money services accumulated by the end of the third quarter of 2024 has reached more than 9.6 million customers, of which the number of customers in rural, mountainous, remote and isolated areas reached more than 6.9 million customers, accounting for 72%.
Also by the end of the third quarter of 2024, 11,885 business locations had been established, the total number of units accepting payment via Mobile Money service reached 275,960 units, providing essential payment services such as electricity, water, education, telecommunications, public administration. The total number of transactions (deposits, withdrawals, money transfers, payments) via Mobile Money was more than 148 million transactions with a total transaction value of more than VND 5,397 billion./.
Source: https://www.vietnamplus.vn/dich-vu-mobile-money-duoc-gia-han-thi-diem-den-het-nam-2025-post1032054.vnp
![[Photo] Prime Minister Pham Minh Chinh chairs conference on anti-smuggling, trade fraud, and counterfeit goods](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/5/14/6cd67667e99e4248b7d4f587fd21e37c)
Comment (0)