Central Banking

Vietnam cbank launches electronic payment system

The State Bank of Vietnam (SBV) has completed the technical side of its US$13.2 million inter-bank payment project funded by the World Bank-funded, SBV Governor Le Duc Thuy announced.

Thuy said the project was the largest in the IT sector, and would play a vital role in developing the financial system's infrastructure as it grappled with the growing demand for e-commerce. He said he expected the project would make banking services more quick, convenient and secure.

The electrified payment syste

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