Non-cash payment helps promote financial inclusion in Vietnam

• by MSC
• Dec 7, 2020
• 1 min

Only 31% of all adults in Vietnam own a bank account, compared to 69% of adults in East Asia and the Pacific. This video reflects how mobile phones, internet users, and digital financial services (DFS) can increase access to basic banking services in Vietnam.

By 2020, the number of mobile phone connections in Vietnam is projected to reach 145.8 million, which presents a favorable platform to promote mobile payments, DFS, and e-commerce. With support from the MetLife Foundation, MSC has been implementing the “Innovate, Implement, Impact” or i3 Program. Through the expansion of mobile financial services, the program seeks to improve the livelihoods of the poor by providing access to affordable and convenient financial services.

Watch the video to follow the i3 Program in Vietnam.