97-98% digital transactions at Vietnamese commercial banks surge due to chip-enabled ID card adoption.

Digital transactions at Vietnamese commercial banks have surged to 97-98%, driven by the introduction of chip-enabled ID cards for account openings since October 1. The banking sector's digital transformation is fueled by technologies like big data and AI, with over 87% of adults holding payment accounts. However, increased technology use raises security risks, necessitating a balance between innovation and operational safety as the sector evolves.

October 30, 2024
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