A series of new payment technologies are introduced to Hanoi's youth.

The event had the participation of 25 commercial banks, financial institutions, international card organizations and more than 100 booths providing products and services in many industries including cuisine,education , shopping...

The Wave Festival will take place over 3 days (from October 6 to 8, 2023), including main activities such as: Experiencing cashless payment technology at 100% of booths, demonstrating the most modern and advanced bank card payment technology.

At the “Waves Festival”, attendees have access to and experience a variety of payment methods and digital technologies from the bank, including:

Experience VietQR technology through shopping activities; Access and experience digital technology through contactless payment, QR code, NFC technology, Digital bank, eKYC technology (online identification technology). Experience the practical application of payment methods and digital technology in the fields of education, transportation, buying and selling.

Visitors will also have the opportunity to experience the features of domestic credit cards - the first step in a new technology trend in the payment field, bringing completely new and different experiences to domestic cardholders, providing more payment utilities at low costs and outstanding incentives.

In addition, banks and financial institutions will also provide information and warnings about risky situations in payment activities, helping customers update new crime methods and tricks and measures to prevent risks in payment activities.

At the event, the Organizing Committee gave away 10,000 gifts worth 50,000 VND to accounts by scanning the QR code. To receive the gift, customers only need to register their information via the website https://thevietnam.vn or register directly at Song Festival.

“Song Festival” promises to bring an exciting experience to help young people realize the practical benefits, familiarity and convenience of card payments, thereby converting their cash spending habits to card payments.

ttkdtm song festival.jpg — *Hanoi youth are excited about cashless payment methods introduced at Song Festival.*

All booths are designed with bright colors, youthful language, rich and outstanding products that are especially loved by young people such as books, milk tea, coffee, cosmetics, shoes... and many products of participating units with attractive prices.

Attending the opening ceremony, Mr. Pham Anh Tuan - Director of the Payment Department of the State Bank of Vietnam shared: “Cashless payment has been and is an inevitable and irreversible trend, especially when young Vietnamese people - the future owners of the country - are becoming more and more sensitive, quickly catching up with modern trends and technology, creating opportunities for the banking industry to provide new and modern banking and payment services, contributing to promoting cashless payment.

With the policies, orientations and solutions in the Decisions/Plans of the Government and the State Bank in the coming time, the Banking industry will continue to reap and achieve many remarkable results in non-cash payments, promote digital transformation, and move towards a cashless society."

Mr. Nguyen Quang Minh - General Director of Napas emphasized: "After 2 successful events, this year's Song Festival will be the largest digital payment festival ever, where young people will directly experience the most modern, creative and newest payment methods today; at the same time, they will receive many attractive gifts and incentives from the Organizing Committee, NAPAS and accompanying units.

In particular, with its youthful and impressive presentation in all its content, the program promises to leave many emotions and impressions on a large number of young people, thereby strongly spreading a positive message about the habit of cashless payment, towards building a cashless society in Vietnam in the near future."

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