29 March 2015

MasterCard brings mPOS payments to Vietnam's Ben Thanh market

23 June 2014  |  4736 views  |  0 Mastercard logo

MasterCard has teamed up with Vietnam's Sacombank to bring card payments to Ho Chi Minh City's iconic Ben Thanh market for the first time.

The partners have handed out around 300 mPOS terminals to merchants at the wet market over the last month, enabling sellers to accept card payments through their smartphones.

MasterCard says that the programme helps to embed merchants more firmly into the formal financial system and gives consumers greater incentive to use cards and become banked.

Arn Vogels, country manager, Indochina, MasterCard, says: "In Vietnam, limited acceptance is one of the key factors that hinders the development of electronic payments. Our collaboration with Sacombank extends the benefits of electronic payments to both merchants and consumers."
KeywordsEFTPOS

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

19 May, 2014
14 May, 2014
08 April, 2014
11 December, 2013
03 January, 2013

Related company news

 

Who is commenting?

Top topics

Most viewed Most shared
Banking has reached a digital tipping poin...
9786 views comments | 53 tweets | 30 linkedin
Europe sets the pace as fintech investment...
5268 views comments | 29 tweets | 19 linkedin
Google preps Gmail bill payment feature
4604 views comments | 13 tweets | 12 linkedin
Barclays and PayPal join Government ID acc...
4403 views comments | 10 tweets | 11 linkedin
Credit Suisse paper offers qualified bitco...
4145 views comments | 5 tweets | 9 linkedin

Featured job

to £100k base, commission, benefits
London, UK

Find your next job