Mobile payments boom, but not in Vietnam

While mobile payments are becoming more widely used in many countries, the service remains unpopular in Vietnam, despite the high number of mobile phone subscribers. Can Van Luc, a banking expert from BIDV, said current conditions are all favorable for mobile payments to develop: the retail market and e-commerce are thriving, while bank cards and smartphones are more popular. But the habit of making payments in cash and the appearance of so many mobile payment solutions are hindrances to market development.