In 2020, 50% of households in the city did not use cash

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Bluechain technology allows people to conduct safe cashless payment transactions in the store, online payment, bill payment or mobile payment on par. This will be a way to address the government's set goals of reducing cash transactions.

On February 26, Bluechain Payment Company Limited (Australia) signed a cooperation agreement with MITEC Joint Stock Company (Vietnam) to jointly implement electronic payment solutions according to the policy of the Vietnamese Government, towards a cashless economy reaching a rate of 90% by 2020.

Accordingly, all supermarkets, shopping malls and 70% of electricity, water and telecommunications service providers will accept non-cash payments from individuals and households. According to the plan, 50% of households in the city will use electronic payment methods for daily transactions by 2020.

Bluechain has demonstrated its uniqueness in addressing the Governments strategic goals for financial and non-cash payment services. That shows that Bluechain is fully capable of providing important technology for strategic projects for customers in the banking and banking sector in Vietnam" - Mr. Nguyen Ngoc Lan, Chairman of the Board of Directors of MITEC Company, said.

It is known that Bluechain technology is a solution for the global payment sector, from Request-To-Pay (RtP) payment solutions for commercial banks, low-cost domestic payment gateways for the central banking system and the national switching system.

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