Vietnam: Pilot program regarding mobile money services
Progress
Current status
in force
01 Dec 2021 in force
09 Mar 2021 adopted
Scope
Implementers
Vietnam
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central bank
central government
Implementation Level
national
Timeline of events
State Bank issues mobile money licences
On 1 December 2021, the State Bank of Vietnam, the country's central bank, announced that it issued mobile money licences to three applicants, all major telecommunications providers in Vietnam. Users of the telecommunications services of these provi…
SourceEvent type
order
Action type
implementation
Government branch
executive
Government body
central bank
Prime Minister approves pilot mobile money program
On 9 March 2021, the Prime Minister of Vietnam issued Decision No. 316/QD-TTg approving a pilot Mobile Money program, including a licensing requirement for operators. Under the program, users will be able to use telecommunications accounts to deposi…
SourceEvent type
order
Action type
adoption
Government branch
executive
Government body
central government