Central Banking

Vietnam extends electronic payment infrastructure

Vietnam's central bank officially granted credit card giant Visa International a licence to set up a representative office in the country on Wednesday 16 February.

The State Bank of Vietnam gave the licence to Rupert Keeley, president and chief executive of Visa-Asia Pacific, in Hanoi.

"Establishing a presence in the country will help us further accelerate our activities and cement our important relationship with local member banks and other partners," said Mr Keeley.

"Vietnam's fast-growing in

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