Vietnam Card Day 2024 to be held early next month

The annual event is jointly organised by Tien Phong (Vanguard) newspaper and the National Payment Corporation of Vietnam (NAPAS) under the instruction of the State Bank of Vietnam (SBV).

At the Vietnam Card Day 2024 event, the concept of Open Banking will be highlighted amid the banking industry’s comprehensive digital revolution. This approach involves banks sharing data with third parties to enhance customer experiences significantly. Open Banking is emerging as a key trend and catalyst for transformation, promising to revolutionise the delivery of banking products and services.

The event specifically targets students and young people aged 15 to 40 who are looking to use digital payment methods and online banking services. This includes internet banking, mobile banking and integrated services offered through third-party platforms, such as online public services, e-commerce and travel bookings.

As of now, approximately 77.41% of Vietnamese adults have bank accounts, with over 35 million active payment accounts and around 14.9 million cards issued using the eKYC electronic method.

The future of banking is firmly rooted in digital technology, featuring innovative payment methods such as Tap to Pay, Tap to Phone, QR code payments, e-wallets and mobile payments. Advancements like eKYC are also paving the way for a more streamlined banking experience.

Vietnam Card Day 2024 will highlight the commitment of young people to embrace new technologies and foster a spirit of development and adaptability.

At a press conference in Hanoi held last week, Pham Anh Tuan, SBV’s Director of the Payment Department, said, "Credit institutions are increasingly transitioning from traditional banking models to open banking frameworks. This shift enhances connectivity and technology integration across various sectors, positioning banks as vital conduits for information exchange between financial institutions and businesses. As a result, we are making significant strides in promoting non-cash payments among consumers and enterprises alike."

To foster the digitalisation of banking and promote non-cash payment methods, including card payments, financial education and communication play a crucial role. Recently, the banking sector has continually innovated its communication strategies, producing engaging content and utilising diverse formats. By leveraging modern technology, these efforts aim to enhance outreach and ensure that the information is easily understood, memorable, and actionable for the public.

Nguyen Quang Hung, Chairman of the Board of Directors of NAPAS said that Vietnam Card Day 2024 will provide a platform for the banking industry to showcase the latest trends in digital banking, along with modern banking products and services. This event offers young people an opportunity to explore and learn about these innovations while also enhancing their skills in using banking services safely and effectively.

Vietnam Card Day 2024 will feature six key activities: a press conference announcing the series of events; a Megasale Online Campaign from September 30 to October 26; a seminar on October 2; a career orientation seminar at the National Economics University on October 4; and the Vietnam Card Day 2024 Song Festival at Bach Khoa Stadium from October 5 to 6.

The event will also feature the participation of 26 commercial banks and merchants.