TO CONDUCT AUTOMATED CLEARINGHOUSE FOR RETAIL PAYMENT TRANSACTIONS BEFORE DECEMBER 15
On May 26, 2020, the Prime Minister issues the Directive No. 22/CT-TTg on the promotion of non-cash payment development solutions in Vietnam.
Accordingly, the Prime Minister request the State Bank of Vietnam to direct the construction and development of the automated clearinghouse for retail payment transactions (ACH), officially put into operation and deploying the service before December 15, 2020. Besides, the State Bank also needs to continue to study and apply know-your-customer (KYC) solutions using electronic devices; concurrently, to strengthen the inspection, supervision, monitoring, prevention and combating of money laundering, etc.
In addition, the Prime Minister also requests relevant agencies and organizations to complete the following tasks before July 01, 2020: promulgating mechanism and policies to promote electronic payments; providing guidelines for health facilities to collect service fees by non-cash payment methods; providing guidelines for schools to collect education service fees by non-cash payment methods; guiding the payment of social security regimes, pension and allowances through banks, etc.
