New regulations on cashless payments

- Commercial banks and foreign bank branches that have participated in international payment systems before the effective date of Decree 52 may continue to participate in those international payment systems.

- Organizations providing payment intermediary services licensed to provide electronic money transfer support services stated in their payment intermediary service provision licenses before the effective date of Decree 52 shall continue to provide this service according to the agreement between the parties.

- Financial switching service providers licensed before the effective date of Decree 52 that have connected to international payment systems shall continue to connect to those international payment systems.

- Enterprises providing public postal services are allowed to continue providing payment services without payment accounts according to regulations.

- Payment intermediary service providers licensed to provide payment intermediary services before the effective date of Decree 52 shall continue to operate under the granted license until the license expires.

Thanh Huyen (translated)

Source: http://laocaitv.vn/chinh-tri-xa-hoi/quy-dinh-moi-ve-thanh-toan-khong-dung-tien-mat