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NEWS UPDATES Asean Affairs   7 February 2013  

MasterCard PayPass launched in Vietnam


 MasterCard Worldwide and Vietnam Export Import Commercial Joint Stock Bank (Eximbank) and jointly launched the MasterCard PayPass in Vietnam recently, introducing contactless payment to the market for the first time.
The service allows PayPass cardholders to pay for goods and services in various PayPass-enabled stores, including fast food restaurants, convenient stores, and supermarkets.

“By providing consumers in Vietnam with a simple, secure way to pay for small ticket items that consumers purchase most, we hope to play a role in helping the country achieving its goal of reducing cash payments over the next few years,” said Anton Corro, Country Manager & Chief Representative, Indochina at MasterCard Worldwide.

The new MasterCard PayPass has hundreds of merchant acceptance locations nationwide.

The government is reportedly keen on the move towards an increasingly 'cashless' society and aims to aims to reduce cash payment to below 11 percent of total transactions. MasterCard said the goal is to have some 250,000 card-accepting merchants and 200 million transactions per year by 2015.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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