Transitioning to a Digital Financial Ecosystem
The State Bank of Vietnam, in collaboration with regulatory partners, officially announced the transition of the “Cashless Payment Day” program (active since 2019) to “Digital Finance Day 2026” on 26 May 2026. This rebranding reflects a strategic shift from modifying consumer payment behavior to constructing a comprehensive digital financial ecosystem.
The press conference was organized by Tuoi Tre Newspaper in coordination with the State Bank of Vietnam’s Payment Department, the Ho Chi Minh City Department of Industry and Trade, and the National Payment Corporation of Vietnam (Napas).
Seven Years of Impact
Launched on 16 June 2019, the “Cashless Payment Day” program recorded significant, measurable outcomes by the end of 2025:
- 25.2 billion cashless transactions processed.
- 362 quadrillion VND in total transaction value.
- National QR code and e-wallet adoption normalised across both urban and rural markets.
Pham Anh Tuan, Director of the State Bank’s Payment Department, described the transition as “an inevitable step, aligned with the digital era and the banking sector’s strategic direction.”
Four Strategic Pillars for 2026
Themed “Smart Payments Drive Digital Finance“, Digital Finance Day 2026 will operate across four priority areas:
- Inclusive digital finance: Expanding access to financial services for individuals, small traders, and SMEs.
- Digital ecosystem development: Connecting regulators, banks, technology firms, and local communities.
- Digital literacy and security: Strengthening awareness of safe financial practices and fraud prevention.
- Cross-border payment reform: Facilitating bilateral and regional digital payment infrastructure dialogues.
Key Events: May to September 2026
26 May: Launch press conference and QR campaign kickoff at Hotel Rex & Ben Thanh Market, Ho Chi Minh City.
2 June: QR Pay workshop for merchants and SMEs at the Tuoi Tre newsroom.
6 June (AM): “Smart Payments in the Digital Era” conference at Hotel Rex, Ho Chi Minh City.
6-7 June: Digital Finance Festival at Nguyen Hue Pedestrian Street, Ho Chi Minh City.
The festival is expected to draw between 100,000 and 120,000 attendees across five interactive zones: Payment Zone, Finance Square, Safe Wall (Ministry of Public Security), Fintech Zone, and E-Concert.
Strategic Relevance to EzyRemit
Vietnam’s accelerating digital financial infrastructure directly underpins EzyRemit’s key remittance corridors. The standardization of digital payment rails, mandatory e-invoicing, and improved KYC data frameworks significantly reduce friction for cross-border transfers into the country.
As an AUSTRAC-registered remittance provider supporting transfers to Vietnam, the Philippines, India, and over 150 countries, EzyRemit actively monitors Vietnam’s evolving regulatory environment to enhance compliance and advance its corridor development strategy.
About EzyRemit
EzyRemit is an AUSTRAC-registered digital remittance company headquartered in Sydney, Australia. The platform supports transfers to over 150 countries, with specialised corridors to Vietnam, India, the Philippines, and other key markets.
Explore more at www.ezyremit.com
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