At the October 14 workshop in Hanoi, organized by Tiền Phong newspaper and NAPAS under the State Bank of Vietnam's guidance, Phạm Anh Tuấn, Head of the Payments Department, said digital payments now link activities across the digital economy. The SBV is pursuing three pillars: infrastructure connectivity under common standards, such as open APIs and cross-border QR links; service connectivity that keeps the user journey simple and prioritizes frequent needs; and digital trust, built through transparent fees, complaint channels and financial education. Effectiveness should be measured by completion rates, processing time, reduced manual steps, costs and customer satisfaction. People also need guidance on checking recipients, protecting OTP codes and recognizing scams. He stressed that the next stage must be “smarter, safer and creating more value”.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Vụ trưởng Vụ Thanh toán NHNN: "Người dân không cần quan tâm phía sau có bao nhiêu hệ thống xử lý, họ chỉ cần một hành trình đơn giản"
Related news
- The 2027 Social Security COLA Is Official . Here How Much the Average Retiree Check Will Rise
The Social Security Administration has set the 2027 cost-of-living adjustment (COLA) at 3.6%, up from 2.8% earlier this year. For the average retirement benefit of $2,088, that means about $75 more per month, or $900 a year. But rising Medicare Part B costs, which are deducted from benefits, would reduce that gain; a $10 increase would cut the typical COLA to $65. The article notes that the CPI-W used to set COLAs does not fully reflect seniors' costs, with benefits estimated to have lost 13.7% of buying power since 2016. It advises retirees to take steps beyond the COLA, such as cutting expenses or finding manageable part-time work.
- Jamie Dimon Warns AI Agents That Make Payments on Your Behalf May Not Act Properly : AI Revolution Like a Tsunami That Must Be Managed
JPMorgan CEO Jamie Dimon warned that if AI agents can make payments, customers must hand over their bank codes, putting the agents inside the bank with no assurance they will act in customers' interests. He said such agents could behave in "treacherous" ways for banks, citing Meta's consumer agent Muse, launched in September. Dimon likened AI to a tsunami moving far faster than the Industrial Revolution and said AI tools are surfacing hundreds of significant vulnerabilities in open-source code that leave industries "completely unprotected" against criminals. The Federal Reserve, OCC and FDIC are questioning lenders about advanced AI systems and safeguards, while the Bank of England and ECB are pressing banks to improve recovery plans for AI-related disruptions. Dimon also predicted AI could help treat diseases such as cancer, cut road deaths by as much as 80%, and let people work as little as 3.5 days a week within 30 years.
- Jamie Dimon Warns AI Agents That Make Payments on Your Behalf 'May Not' Act Properly: AI Revolution Like a 'Tsunami' That Must Be Managed
Speaking at the Economic Club of Chicago, JPMorgan Chase CEO Jamie Dimon warned that if AI agents are allowed to make payments, customers would have to hand over their bank codes, putting the agents 'in your bank' without assurance they will act properly. He said this could be 'treacherous' for the bank and, on the earnings call, warned of possibly thousands of rogue agents, pointing to consumer agents such as Muse from Meta Platforms. Dimon described AI as a 'tsunami' moving far faster than the Industrial Revolution that must be managed, while JPMorgan has used AI since 2012 and is piloting its Smart Cash tool. He said AI tools are surfacing hundreds of significant open-source code vulnerabilities, leaving industries 'completely unprotected,' and that US regulators are questioning lenders about AI safeguards. Still, Dimon predicted AI could help treat cancer and cut road deaths by as much as 80%.
- Rwanda eKash Instant Payment System Sees Explosive Growth
From the start of August to the end of September, the National Bank of Rwanda reported that monthly transactions on its eKash instant payment system rose from 140,000 to 1 million, and their value jumped from about $7 million to around $1.5 billion. The central bank achieved this by requiring all person-to-person transfers to run through eKash and capping fees at 20 francs (under $0.02), while allowing banks and mobile money providers to use aggregated transaction data for alternative credit scoring. Access to credit remains limited, with 92% of people holding bank or mobile money accounts but only 20% having access to credit or microcredit. The country is also piloting eKash integration with Tanzania's TIPS, routes intra-EAC payments through the regional EAC system, and sends transactions outside the EAC through PAPSS.
- Alphabet’s Rapid Cloud Expansion AI Wins Matter But I Keep Buying For Something Else
The author keeps adding to Alphabet because of its $514 billion backlog of signed cloud commitments, not just cloud growth rate. Google Cloud revenue rose 82% to $24.77 billion in Q2, and backlog grew from $155 billion in Q3 2025 to $514 billion. Total Q2 revenue rose 24.2% to $119.80 billion, and the author notes Alphabet's P/E of about 16 is lower than Microsoft's 30 and Amazon's 36. The main risk is debt-funded buildout: long-term debt rose from $46.5 billion to $98.2 billion, Q2 free cash flow was -$5.86 billion, and buybacks were suspended. The author argues this borrowing is less risky because it is backed by signed customer demand.
Related markets
Latest news
- FinFET Technology - Global Strategic Business Report Just Released: AI and Data Centers Push FinFET Chip Market Toward $97 Billion
According to Research and Markets, the global FinFET technology market was valued at $38.5 billion in 2024 and is projected to reach $97.1 billion by 2030, growing at a compound annual growth rate of 16.7%. Demand for high-performance, energy-efficient chips across consumer electronics, data centers, automotive, AI and IoT is driving growth. The CPU segment is forecast to reach $36.6 billion by 2030, while China is the fastest-growing market, with an 18% CAGR and $20.8 billion by 2030. The report also assesses the impact of tariffs on semiconductor supply chains and profiles companies including TSMC, Samsung, Intel and NVIDIA.
- The sorrow of Europe's “big brother” economy: Bonds keep selling off heavily after a “turbulent weekend”
French 10-year government bond yields rose 0.14 percentage points to 4.93% after a turbulent weekend, while the spread over German bonds returned to 1.47 percentage points. Nationwide protests over rising living costs and student education conditions turned into widespread rioting and looting; the government said at least 3,000 shops and businesses were looted, and the French retail federation estimated damages could reach “several hundred million euros.” More than 2,500 people are under formal investigation, 67 of them detained, and several cities have imposed curfews. President Macron rejected Interior Minister Laurent Nuñez’s resignation offer, even though Nuñez admitted police were deployed too thinly for protests of over 550,000 people, against an expected 200,000. Opposition politicians and the mayors of Paris and Marseille criticized the government for letting police lose control of the situation.
- President Donald Trump Claims, "We Don't Have Inflation, and Tariffs Don't Cause Inflation," but a New Report Strongly Disagrees
Although the stock market has posted strong returns under President Trump, the article argues his inflation-driving policies may be the biggest threat to the AI-driven bull market. A New York Federal Reserve report by three economists finds that by February 2026, tariffs had added 2.9 percentage points to goods price inflation, and each percentage point increase in average tariffs lifted consumer prices by about a quarter of a point after one year. Beyond tariffs, the Iran war and the ongoing closure of the Strait of Hormuz have pushed fuel prices sharply higher, with fuel oil up 74.0% and gasoline up 34.2% over the past year, while overall CPI rose 3.7%. The article warns that persistent inflation could prompt the Fed to raise rates more aggressively, slowing AI infrastructure investment and sending stocks lower.
- Bitcoin ETFs just saw their biggest day in a month thanks entirely to BlackRock
U.S. spot bitcoin ETFs took in $526.6 million on Monday, the largest daily net inflow in nearly a month, driven entirely by BlackRock's iShares Bitcoin Trust (IBIT), which pulled in $665.2 million, its biggest daily inflow since Oct. 7 last year, according to SoSoValue data. Fidelity's FBTC lost $83.6 million and Grayscale's GBTC shed $54.9 million, while the remaining funds recorded no net flows. The inflow more than erased last week's $228.5 million of withdrawals, but funds remain about $90.5 million in net outflows for October, according to CoinDesk calculations. Ether funds moved the opposite way, losing $103.3 million in their fourth consecutive session of outflows, with BlackRock's ETHA accounting for $95.4 million of that.
- A Big4 bank cut deposit rates in the morning, then raised them again in the afternoon
VietinBank cut its deposit rates for terms of 6 months and longer on the morning of Oct. 20, then restored them to pre-adjustment levels by the afternoon. Its afternoon rate board showed 3.5% per year for 6 to under 12 months, 5.9% for 12 to under 24 months and 6% for 24 months and longer, versus 3%, 5.4% and 5.5% in the morning. Rates for terms under 6 months stayed unchanged, including 2.1% for 1 to under 3 months and 2.4% for 3 to under 6 months. The move came as banks followed the State Bank of Vietnam's guidance to cut deposit rates by at least 0.5 percentage points for terms of 6 months and longer, and Vietcombank and Agribank were among those reducing rates.
- IVV vs. SPY: Which S&P 500 ETF Is the Better Buy for Long-Term Investors?
The article compares two ETFs that track the S&P 500, iShares Core S&P 500 ETF (IVV) and State Street SPDR S&P 500 ETF (SPY), which have nearly identical holdings. The main difference is the expense ratio: IVV charges 0.03% a year, one-third of SPY's 0.09%, and its distribution yield is about 1.1% versus 1% for SPY. SPY's high liquidity remains valuable for active traders. The article concludes that IVV is the better choice for long-term investors, since lower costs can compound over time.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.