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Learn moreNov 2020
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Although the number of debit cards in circulation declined over the course of 2020, debit card transactions recorded double-digit value growth in current terms. The use of debit cards continues to increase, a reflection of the dramatic increase seen in the banked population over the course of the review period.
In response to the COVID-19 pandemic and the pressure that it has placed on the finances of many consumers in 2020, many of Vietnam’s leading retail banks launched various promotional programmes to attract the attention of the general public and encourage them to take out an account with them. The most common types of these promotions involved the offer of free gifts to all new account holders, while others promised to waive fees for opening an account.
During the second quarter of 2019, the government of Vietnam signposted to the country’s leading retail banks that they should started transferring all of their debit card accounts to smartcards with chip EMV. The main motivation for this shift towards chip and pin cards is the greater security that such cards offer.
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Discover the latest market trends and uncover sources of future market growth for the Debit Transactions industry in Vietnam with research from Euromonitor's team of in-country analysts.
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If you're in the Debit Transactions industry in Vietnam, our research will save you time and money while empowering you to make informed, profitable decisions.
The Debit Transactions in Vietnam market research report includes:
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Euromonitor’s industry reports, including Debit Transactions in Vietnam, originate from our database within our Consumer Finance market share and market size database.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.