Hanoi, Aug. 8 -- Vietnam's digital payment ecosystem is gaining momentum as banks are ramping up efforts to accelerate digital transformation and develop modern products and services while controlling risks in the digitalised environment. Non-cash payments on the rise The State Bank of Vietnam (SBV) reported that cashless payment transactions in the first half topped 12 billion transactions, surpassing the total for all of 2023 and approaching the record 17.7 billion seen in 2024. This demonstrates how cashless payments are deeply penetrating into the socio-economic life. Director of the SBV's Payment Department Pham Anh Tuan said cashless payments are growing at an impressive rate, averaging 30-40% annually. Vietnam's per capita cashless...