Cashless payment trends are being boosted by both government and issuer initiatives in Vietnam, along with support from retailers in various industries and channels across the country. This, in turn, is helping to boost the performance of financial cards, with debit cards seeing robust growth in 2023. Efforts made across the review period have contributed to this, and such efforts continue to herald positive effects. In June 2023, we saw the Cashless Town Festival, organised in Ho Chi Minh City,...
Euromonitor International's Debit Card Transactions in Vietnam report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.
Product coverage: Commercial Debit Card Transactions, Personal Debit Card Transactions.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report? * Get a detailed picture of the Debit Card Transactions market; * Pinpoint growth sectors and identify factors driving change; * Understand the competitive environment, the market’s major players and leading brands; * Use five-year forecasts to assess how the market is predicted to develop.
Debit Cards in Vietnam
Euromonitor International
November 2023
List Of Contents And Tables
DEBIT CARDS IN VIETNAM
KEY DATA FINDINGS
2023 DEVELOPMENTS
Both the government and issuers play significant roles in boosting the cashless payment trend
Virtual debit cards receiving more attention from both issuers and consumers
Debit card registration processes simplify with omnichannel banking
PROSPECTS AND OPPORTUNITIES
Cashless payment trends will continue to boost the growth of debit cards in Vietnam
Debit card issuers are increasingly focusing on younger consumers, leading to a transition towards a cashless society
The rise of e-wallets and internet banking may negatively affect the growth rate of debit cards
CATEGORY DATA
Table 1 Debit Cards: Number of Cards in Circulation 2018-2023
Table 2 Debit Cards Transactions 2018-2023
Table 3 Debit Cards in Circulation: % Growth 2018-2023