26 April 2017
Find out more

MasterCard brings mPOS payments to Vietnam's Ben Thanh market

23 June 2014  |  6455 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)

Finextra news in your inbox

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

Related stories

MasterCard to buy India's ElectraCard Services

MasterCard to buy India's ElectraCard Services

19 May 2014  |  7196 views  |  0 comments | 5 tweets | 3 linkedin
MPOS set to make up almost half of all point-of-sale installations within five years

MPOS set to make up almost half of all point-of-sale installations within five years

14 May 2014  |  12492 views  |  4 comments | 22 tweets | 29 linkedin
Absa launches Payment Pebble mPOS device

Absa launches Payment Pebble mPOS device

08 April 2014  |  5680 views  |  1 comments | 4 tweets | 1 linkedin
Hong Kong mobile operator 1010 moves into mPOS market

Hong Kong mobile operator 1010 moves into mPOS market

11 December 2013  |  3612 views  |  0 comments | 1 tweets | 4 linkedin
Vietnam prepares for mobile banking push

Vietnam prepares for mobile banking push

03 January 2013  |  5127 views  |  0 comments | 5 tweets

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit capgemini.comvisit dh.comFind out more

Top topics

Most viewed Most shared
hands typing furiouslyDoes the Buck Stop with GameStop?
15535 views 0 | 3 tweets | 14 linkedin
BBVA runs live funds transfers over RippleBBVA runs live funds transfers over Ripple
11580 views comments | 31 tweets | 20 linkedin
hands typing furiouslyBitcoin ETF Bites the Dust, Needs More Sec...
10386 views 0 | 7 tweets | 7 linkedin
Alipay and WeChat near $3 trillion payments milestoneAlipay and WeChat near $3 trillion payment...
9787 views comments | 35 tweets | 38 linkedin
Coinbase plans Ethereum messaging appCoinbase plans Ethereum messaging app
8858 views comments | 14 tweets | 15 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job