More than 113 million personal bank accounts have been biometrically authenticated

(Dan Tri) - More than 113 million individual customers and more than 711,000 institutional customers have been biometrically authenticated, accounting for more than 66% of the total number of institutional payment accounts with digital transactions.

On the afternoon of May 29, the State Bank organized the Banking Industry Digital Transformation Day 2025 with the theme "Smart Digital Ecosystem in the New Era".

Within the framework of the event, the State Bank announced many outstanding results on the digitalization journey, especially the fact that more than 113 million individual customer records and more than 711,000 organizational customer records have been compared with biometric information.

The biometric authentication rate has now reached over 66% of the total number of payment accounts of organizations generating transactions on digital channels, showing the strong efforts of the banking system in standardizing data, minimizing risks and creating a solid foundation for the development of digital banking services.

Governor of the State Bank at the event (Photo: SBV).

Along with biometric authentication, the State Bank is promoting the synchronization of many important digital transformation pillars. The interbank payment infrastructure currently processes an average of VND820,000 billion per day, while the financial switching and electronic clearing system reaches 26 million transactions per day.

The national credit information infrastructure has also been strongly upgraded, automating data collection, with the successful update rate from credit institutions reaching over 98%.

In addition, nearly 87% of adults in Vietnam have bank accounts; the value of non-cash transactions is currently equivalent to 25 times GDP.

Many banking operations have been completely digitized such as opening accounts, opening cards, e-wallets, transferring money, saving, lending... with the digital transaction rate at some banks reaching 95%.

In particular, Vietnam is one of the leading countries in connecting cross-border retail payments via QR codes with Thailand, Cambodia and Laos, and expanding to other Asian countries.

The State Bank said it will continue to direct the implementation of a VND500 trillion credit program for infrastructure and digital technology investment loans with preferential interest rates at least 1% lower per year than the current average. To date, 21 commercial banks have prepared resources to participate in the program.

Source: https://dantri.com.vn/kinh-doanh/hon-113-trieu-tai-khoan-ngan-hang-ca-nhan-da-xac-thuc-sinh-trac-hoc-20250529190209560.htm