February 23, 2024

We are creating some awesome events for you. Kindly bear with us.

Da Nang, Vietnam Wet Markets Go Cashless

Traders at wet markets in the central city of Da Nang can now go cashless using the e-wallet mobile application Viettel Money, under a 4.0 wet market model introduced earlier this month. The new model was launched by the municipal Department of Industry and Trade and the Da Nang branch of military-run telecom group Viettel. It aims to accelerate digital transformation, boost the non-cash payment methods at the city’s wet markets, and provide more opportunities for residents to experience modern payment services. Wet markets sell fresh meat, fish, and other consumption-oriented perishable goods.

Owners of over 1,000 stalls at Da Nang’s three major wet markets, namely Con, Han, and Dong Da, have been provided with a QR code that enables users to make online payments through access to 37 banks and Viettel Money. For every ten buyers, seven or eight will scan to pay, a stall owner at the market noted. The Deputy Director of the Department of Industry and Trade, Nguyen Huu Hanh, said that the model will be scaled up at other wet markets citywide as a way to promote cashless payments and prevent the spread of COVID-19.

According to a report, the vendors will also receive help to promote their products on e-commerce sites while Viettel will open a post office at wet markets to support goods’ shipments and delivery, he added.

In February, a month after Viettel and the Vietnam Posts and Telecommunications Group (VNPT) launched mobile money services, the Ministry of Information and Communications recorded 463,000 users. During the same month, MIC data showed that 77,200 establishments had accepted the payment method nationwide. To popularise the service to the public, Viettel set up 80,000 points to provide consultations and support customers in registering and using the service. The development of Mobile Money will expand the use of cashless payment services to citizens, especially those in remote, mountainous, and rural areas.

MIC stated it would build mechanisms to promote, manage, and supervise the deployment of Mobile Money services this year. It will also continue to encourage telecom service operators to transform telecommunications infrastructure into digital infrastructure, which will significantly contribute to developing e-government and the digital economy and society. The country’s telecom market currently has about 126.3 million subscribers, of which the three largest carriers and those licensed to pilot Mobile Money account for more than 97% of the market share.

A recent MIC press release outlined the four main objectives of the government’s project on cashless payments in Vietnam (2021-2025). Firstly, it aims to make non-cash payments a norm in urban areas and expand their coverage in rural areas. Secondly, it seeks to develop a safe and secure non-cash payment infrastructure with various conveniences and facilities to meet the rising demand of firms and individuals. Thirdly, it strives to enhance the security and transparency of cashless payments, allowing authorities to better monitor economic transactions in the country. Finally, the project aims to realise growth targets set for non-cash payments in the short term, including 50% of transactions on e-commerce platforms being conducted through cashless payments and economic transactions via smartphones growing at 50%-80% per year.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

Send this to a friend