Hanoi, May 1 -- Hanoi (VNS/VNA) - Vietnam Maritime Commercial Joint Stock Bank (MSB) said it stops processing instant 24/7 transfers for transactions above 500 million VND (20,000 USD) from May 1, shifting such payments to standard processing that take at least four hours or until the next working day. Specifically, all transfers exceeding the threshold will be automatically routed through regular clearing, the bank said in a statement. Transactions initiated after 3.55pm will be processed on the next working day. MSB said the move aligns with regulations from the State Bank of Vietnam on payment services and is aimed at strengthening system safety. Previously, banks could split large-value instant transfers into smaller transactions belo...
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