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Since the beginning of the year, the State Bank of Vietnam has put into operation the Information System to support the management, supervision, and prevention of fraud risks in SIMO payment operations. Through SIMO, as of December 11, 2025, 592,000 payment account/e-wallet records showing signs of suspected fraud have been detected, thereby warning customers and preventing hundreds of thousands of transactions, protecting over VND 2.57 trillion from risks.
Reportedly, since the beginning of the year, the system has provided alerts to 2.13 million customers, of which more than 670,000 customers have temporarily paused/canceled transactions after receiving the alerts.
Cashless payments are experiencing explosive growth in our country. After 20 years, cashless payment transactions in Vietnam have increased approximately 500 times in volume and more than 60 times in value compared to 2005.
Between 2015 and 2025, internet transactions increased approximately 59 times in volume and 21 times in value; mobile transactions increased approximately 280 times in volume and 600 times in value; QR codes, which only became popular in 2018, have seen a significant increase, reaching over 700 times in volume and over 400 times in value to date.
However, along with the rapid development of digital payments, cybersecurity risks and financial fraud are also increasing. In this context, the State Bank of Vietnam has also issued a series of synchronized measures to strengthen the protection of the payment system and users.
Source: https://vtv.vn/gan-600000-tai-khoan-ngan-hang-co-dau-hieu-lua-dao-100251213190325398.htm
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