The Ministry of Justice has just publicly disclosed the Appraisal Dossier for the draft Decree amending and supplementing a number of articles of Decree No. 52/2024/ND-CP of the Government regulating non-cash payments.
In which, the State Bank of Vietnam (SBV) has reported on the current situation of licensing and managing and supervising the operations of intermediary payment organizations (TGTT).
As of the end of December 2025, the SBV has licensed TGTT service provision activities for 52 organizations.
In which units are licensed to perform one or more services in the following services: e-wallet service, payment gateway service, collection and payment support service, financial switching service, international financial switching service and electronic clearance service.
The licensing is considered based on the organization's dossier complying with regulations in documents such as: Decree No. 52; Circular No. 40/2024/TT-NHNN dated December 11, 2024 guiding the provision of TGTT services.
The licensing ensures that businesses with sufficient legal and technical conditions, technological solutions, security capabilities, system operation staff, technical nghiệp vụ procedures, mechanisms to ensure payment capacity, rights and obligations of parties,... are allowed to participate in providing TGTT services that are applying for licensing.
The provision of TGTT services of the above-mentioned licensed organizations is managed by the SBV in the form of periodic reports (quarterly, annually) and unscheduled reports; inspection and examination; directing documents... ensuring that organizations operate within the licensed scope, safely, healthily and effectively.
Specifically for the e-wallet service, the SBV has conducted monitoring through a system access tool provided by licensed organizations to monitor the changes in the total balance of the e-wallet, the total amount of money on the secure payment account at the bank.
Monitoring results in the past time show that most TGTT service providers have complied with regulations on opening payment secured accounts at commercial banks, focusing on ensuring security and safety for the service provision activities of the unit" - the SBV's report said.
