At the Cashless Day 2025 event taking place in Ho Chi Minh City, sharing the benefits of cashless payments, BIDV said that digital payments bring significant environmental benefits compared to cash transactions, thanks to reducing resources and limiting polluting activities.
3 Key Reasons Cashless Payments Are an Eco-Friendly Solution
According to BIDV, there are 3 main reasons for paying 'rescue' loans for the environment.
First, it saves resources. Producing cash, especially banknotes, requires the use of resources such as paper, metal, water, and energy. In addition, this process also emits CO₂ and other emissions from the production, printing, and transportation of cash. By reducing the need for cash, cashless transactions save natural resources and reduce emissions from these processes. Meanwhile, cashless transactions are mainly conducted electronically, saving energy and reducing fuel use.
Second, reduce waste. Cash has a certain lifespan and must be destroyed when it cannot be used, creating waste and requiring complex processing procedures. Meanwhile, cashless transactions through phone applications or bank cards help limit the creation of waste from destroying cash, contributing to environmental protection.
Third, promote sustainable solutions in the banking sector. With the development of digital banking services and electronic payment ecosystems, banks can actively support environmentally friendly activities such as supporting customers to pay electronic bills, reducing the printing of transaction documents, and encouraging the use of electronic bills.
Efforts to contribute to national digital transformation
Currently, over 80% of BIDV's corporate customers have used services via digital channels, demonstrating the effectiveness and trust from the business community.
In addition, with thorough investment in infrastructure, technology and human resources, BIDV is realizing its commitment to contribute to the implementation of digital transformation goals in the banking industry.
Over 80% of BIDV's corporate customers have used services via digital channels, demonstrating the effectiveness and trust from the business community - Photo: QUANG DINH
BIDV's active development of internal technology, deployment of specific digital platforms for each customer segment, and comprehensive digitalization of operations demonstrate a long-term orientation and clear strategic vision in the digital transformation journey.
With a solid technology foundation, high autonomy and a spirit of continuous innovation, BIDV is ready to continue to accompany customers, the banking industry and the country on the journey to build a digital Vietnam in the future.
Exciting series of activities for Cashless Day 2025Cashless Day 2025 with the theme "Cashless payment promotes digital economy " is held in the final year of implementing the project to develop cashless payment for the period 2021-2025 according to the Prime Minister's decision. The program is organized by Tuoi Tre newspaper, Payment Department, Banking Times in coordination with Ho Chi Minh City Department of Industry and Trade, National Payment Joint Stock Company (Napas) with the support of VPBank, HDBank, Mastercard, Visa, Sacombank, Vietcombank, ACB, BIDV, Vikki, JCB, MoMo, Saigon Co.op, Vingroup Corporation - Joint Stock Company, Eximbank, Agribank, SHB , TPBank, KienlongBank, MB Bank, Vietinbank, TikTok Shop, Can Gio Island Bird's Nest, Phamarcity Pharmacy, UEL University of Economics and Law, Satra, Ho Chi Minh City Electricity Corporation, Loreal, KAFI, VIB, BVBank, UOB, LC Foods, Tefal, Phat Tai Investment and Culinary Joint Stock Company, Onelife Company Limited. The program aims to raise social awareness, encourage people to access and use modern payment methods such as e-wallets, QR codes, contactless cards, etc., and contribute to building a sustainable cashless ecosystem in Vietnam. One of the highlights of this year's event series is the "Ting Ting Day" festival, taking place from 7:30 a.m. on June 14 to 9 p.m. on June 15 at Nguyen Hue walking street, offering a series of experiences on payment technology, mini games, workshops on spending management, modern lifestyle... In particular, a highly anticipated activity is the E-concert with a star-studded lineup and two large promotional programs including a nationwide promotion program and a Shopping Season promotion program in Ho Chi Minh City. Within the framework of the program, there was also a workshop on "Cashless Payment: Driving Force for Digital Economic Growth" with the participation of nearly 300 delegates. |
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Source: https://tuoitre.vn/bidv-thanh-toan-khong-dung-tien-mat-cuu-nguy-cho-moi-truong-20250615142753132.htm
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