Payment via QR code increased by 150%, cash withdrawal transactions decreased sharply

In the first 9 months of 2025, ATM transactions decreased by 16.77% in quantity and 5.74% in value, showing that the demand for payments and cash withdrawals continued to decrease sharply as people strongly switched to cashless payment habits.

According to the State Bank of Vietnam (SBV), compared to the same period last year, in the first 9 months of 2025, non-cash payment transactions increased by 43.32% in quantity and 24.23% in value; via the Internet channel increased by 51.20% in quantity and 37.17% in value; via mobile phone channel increased by 37.37% in quantity and 21.79% in value; transactions via QR Code increased by 61.63% in quantity and 150.67% in value ; via the Interbank Electronic Payment System increased by 4.56% in quantity and 46.87% in value; via the Financial Switching and Electronic Clearing System increased by 19.14% in quantity and 5.87% in value.

In the first 9 months of 2025 compared to the same period in 2024, ATM transactions continued to decrease by 16.77% in quantity and 5.74% in value, showing that people's demand for payment and cash withdrawal is decreasing and being replaced by non-cash payment methods and habits.

By the end of September 2025, the total number of accounts registered and using Mobile-Money services is more than 10.89 million accounts, of which the number of accounts of customers registered and using the service in rural, mountainous, remote, border and island areas is about 7.5 million accounts (accounting for about 70% of the total number of accounts registered and using the service). The total number of transactions via customers' Mobile-Money accounts is more than 290.43 million transactions with a total transaction value of about VND 8,511 billion.

By the end of September 2025, there were 53 payment intermediary service providers licensed by the State Bank of Vietnam to provide payment intermediary services operating in the market, of which 49 were providing e-Wallet services.

Up to now, most basic banking services have been performed on digital channels, many banks have achieved a rate of about 95% of transactions performed on digital channels. The digital ecosystem and digital payments have been established to connect banking services with many other services in the economy to provide a seamless experience for customers. Services on the National Public Service Portal, public services such as payment for electricity, water, telecommunications, healthcare, education, goods on e-commerce platforms, ride-hailing services, restaurant booking, tours on digital platforms, etc. have all been uploaded or connected to mobile applications of banks and payment intermediaries. This allows people and businesses to make safe, convenient, time-saving and cost-saving transactions and payments right on familiar daily digital applications and platforms.

Regarding the implementation of Project 06, the State Bank said that by the end of October 10, 2025, more than 132.4 million individual customer records (CIF) and more than 1.4 million organizational customer records had been biometrically verified via chip-embedded ID cards or the VneID application.

Source: https://baodautu.vn/thanh-toan-qua-qr-code-tang-150-giao-dich-rut-tien-mat-giam-manh-d425298.html