TO REDUCE 50% OF THE TRANSACTION FEES FOR THE INTERBANK PAYMENT SYSTEM UNTIL DECEMBER 31, 2020
On March 31, 2020, the State Bank of Vietnam promulgates the Circular No. 04/2020/TT-NHNN on amending and supplementing a number of Articles of the Circular No. 26/2013/TT-NHNN dated
December 05, 2013, of the State Bank of Vietnam on promulgating the State Bank of Vietnam’s Payment Services Fee Schedule.
Accordingly, the State Banks adds regulations on the reduction of 50% of the transaction fees for the interbank payment system. To be specific: To reduce 50% of the payment fees at Points 1.1 and 1.2, Section 1 “Transaction fees for the interbank payment system” in Part III “Fees for domestic payment services” of the State Bank of Vietnam’s Payment Services Fee Schedule attached to this Circular for the period of from April 01, 2020, to the end of December 31, 2020.
The Chief of Office, Director of the Payment Department, Director General of the Information Technology Department, Heads of Divisions/Department of the State Bank, the State Treasury and other organizations using the State Bank of Vietnam's payment services... are responsible for the implementation of this regulation.
This Circular takes effect on April 01, 2020.
