Cashless payments continue to grow in popularity

HÀ NỘI — Using QR codes to process payments has been increasing in popularity over the past 12 months, and the trend shows no signs of slowing down. Cashless payment and transaction channels are increasingly popular, with commercial banks, e-wallets and fintech companies promoting the application of technology for online payments. Many customers now choose cashless payments, the most popular being a payment card, followed by scanning a QR code and transferring money. Ngô Trung Lĩnh, General Director of Viet Union Online Services Corporation, said its Payoo payment platform recorded increased cashless payment transactions in the post-COVID recovery phase last year. Non-cash payment methods will continue to grow on last year, including QR codes.