The State Bank of Vietnam has discovered nearly 600,000 suspicious payment accounts.

(Dan Tri Newspaper) - 592,000 accounts/e-wallets have been identified as showing signs of fraud since the beginning of the year. 2.13 million customers have been warned, and more than 670,000 customers have temporarily suspended/canceled transactions after receiving the warnings.

According to data released by the Payment Department (State Bank of Vietnam) on December 12th, 122 out of 147 units have so far reported data to the Information System for Supporting the Management, Monitoring, and Prevention of Fraud in Payment Activities (SIMO). In total, the system has received approximately 592,000 records of payment accounts and e-wallets suspected of fraud, deception, or legal violations.

At the same time, the system provided alerts to 2.13 million customers, of which more than 670,000 transactions were temporarily paused or canceled after receiving the alerts, with a total transaction amount exceeding 2.57 trillion VND.

The SIMO system will be operational from 2025. The system allows credit institutions to make decisions to immediately block transactions or require authentication/identification before executing online transactions, thereby significantly reducing fraud and protecting customer account security.

Cash transaction at the bank (Photo: Manh Quan).

According to the Payment Department, the number of cashless payment transactions has increased by approximately 500 times and the value by more than 60 times compared to 2005 - the year the Payment Department was established.

Between 2015 and 2025, internet transactions are expected to increase approximately 59 times in volume and 21 times in value; mobile transactions are expected to increase approximately 280 times in volume and 600 times in value.

QR code payments only became popular in 2018, but since then they have increased by over 700 times in number and over 400 times in value.

"This shows that payment policies not only keep pace with international trends but also have a strong practical impact, creating an important impetus for the digital economy and inclusive finance," the Payment Department stated.

For the financial switching and electronic clearing system operated by Napas since 2015, the average annual transaction volume and value are projected to increase by over 170% and 180% respectively during the 2018-2025 period.

The period from 2017 to 2025 marks a strong breakthrough for digital payment and banking systems.

A series of leading mechanisms, policies, and technology application guidelines have been implemented, such as electronic identity verification (eKYC) allowing people to open accounts, e-wallets, and use services entirely online; 24/7 fast payment, QR codes, e-wallets, and mobile banking becoming the dominant methods in daily life; and connecting population, business, and anti-money laundering data within the framework of Project 06.

Simultaneously, the Payment Department stated that the digital payment ecosystem continues to expand, linking with the fields of education , healthcare, transportation, and public services, creating a foundation to promote level 4 online public services and contributing to the further dynamism of the digital economy.

Source: https://dantri.com.vn/kinh-doanh/ngan-hang-nha-nuoc-phat-hien-gan-600000-tai-khoan-thanh-toan-dang-ngo-20251212135730611.htm