Accordingly, commercial banks and telecoms businesses agreed upon the solution of a packaged monthly fee of VND11,000 (US$0.48), including VAT, for unlimited SMS for cashless payment service use. Not a long time ago, the fee was changed with the calculation in rates of message quantity, ranging from VND11,000-77,000 ($0.48-3.37) a month.
Deputy Director of Vietnam Telecoms Authority (under MIC) Tran Duy Hai shared that this solution is wholeheartedly welcomed by all commercial banks since it satisfies the demand of bank customers, who gradually favor cashless payment.
This new fee is basically the same as the old one used by most commercial banks, but under a new calculation method to offer unlimited data capacity for bank customers the cashless payment method.
General Secretary of Vietnam Banks Association Nguyen Quoc Hung affirmed that the packaged fee of VND11,000 a month is rational for customers. This will obviously promote the use of cashless payment and boost the growth of e-commerce in Vietnam.
Moreover, banks encourage their clients to use the OTT service, which is free of charge, besides this SMS Banking service with a new packaged fee in order to avoid any additional charge.
