Mobile Money in need tai bet88 boost

Many solutions to promote the development tai bet88 Mobile Money in Vietnam were proposed at the “Promoting the Development tai bet88 Mobile Money in Vietnam” conference held by the State Bank tai bet88 Vietnam (SBV) and the Ministry tai bet88 Information and Communications (MoIC) on May 11.

After more than four months tai bet88 pilot implementation, new Mobile Money services had more than 1.1 million customers as tai bet88 the end tai bet88 March; quite a low number given that there are 123 million mobile phone subscriptions in the country.

After being permitted to conduct a pilot, VNPT (Vinaphone), MobiFone, and Viettel have been working to provide Mobile Money services to customers, especially those in rural areas, since the end tai bet88 November.

Although positive results have been seen, challenges remain. Ms. Pham Minh Tu, Deputy Director tai bet88 MobiFone Digital Service, said that although it is the first company to receive a pilot license for Mobile Money in Vietnam, it has been behind the world for 20 years. The perfect time to introduce and promote Mobile Money has long passed.

Similarly, Mr. Nguyen Van Tan, Deputy General Director tai bet88 Vinaphone, believes that late implementation has resulted in slow development. “Mobile Money’s security standards are still unclear,” he said. “If there is a system tai bet88 national security standards, that would be the basis for network operators to use to deploy and invest in the system.”

To resolve such problems, Mr. Tan proposed a number tai bet88 measures, such as not needing mobile phone subscribers to identify themselves again, not needing them to meet the requirement tai bet88 having continuously used the service for at least three months, allowing piloting enterprises to expand cooperation with other enterprises outside tai bet88 authorized telecommunications service providers, and allowing customers to use Mobile Money services to transfer and receive money.