On November 22, 2019, the State Bank of Vietnam (SBV) issued Circular No. 23\/2019 \/ TT-NHNN, amending and supplementing a number of articles of the Governor’s Circular No. 39\/2014\/TT-NHNN. The State Bank of Vietnam guides payment intermediary services.
\nAccordingly, stipulating the total limit of transactions via individual e-wallets of 1 customer at 01 e-wallet service provider (including payment transactions for legal goods and services and delivery). Maximum transfer of money from e-wallets to other e-wallets opened by the same e-wallet service provider is VND 100 million \/ month. Earlier, in the draft of this Circular, the State Bank proposed an electronic wallet transaction limit for individuals of VND 20 million \/ day and VND 100 million \/ month; of the organization is VND 100 million \/ day and VND 500 million \/ month. This proposal received mixed opinions, saying that this limit would curb electronic payments.
\nThe above regulations do not apply to individual e-wallets of persons having contracts\/agreements acting as payment acceptance units with e-wallet service providers.
\nAt the same time, the Circular also supplements the regulations on authenticating information about customers opening e-wallets as follows:
\nThe e-wallet owner must provide, update fully and accurately the information in the e-wallet opening document to the e-wallet service provider and take responsibility for the truthfulness of the information. provided.
\nThe e-wallet service provider is responsible for checking, comparing and ensuring that the e-wallet application is complete and valid according to Clauses 1, 2 and 3, Article 9 of the Circular. 39\/2014 (amended and supplemented in Clause 3 Article 1 of Circular 23\/2019).
\nCircular 23\/2019 \/ TT-NHNN takes effect from January 7, 2020 and repeals Clause 3 Article 25 of Circular 37\/2016 \/ TT-NHNN; amending and supplementing Point d Clause 1 Article 5 of Circular 04\/2016 \/ TT-NHNN. The regulation of transaction limits for e-wallets aims to minimize the risk of taking advantage of money laundering and committing illegal acts.<\/p>\n","protected":false},"excerpt":{"rendered":"
On November 22, 2019, the State Bank of Vietnam (SBV) i […]<\/p>\n","protected":false},"author":3,"featured_media":10951,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-10955","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-16"],"_links":{"self":[{"href":"https:\/\/bizlawyer.vn\/zh-hans\/wp-json\/wp\/v2\/posts\/10955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bizlawyer.vn\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bizlawyer.vn\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bizlawyer.vn\/zh-hans\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/bizlawyer.vn\/zh-hans\/wp-json\/wp\/v2\/comments?post=10955"}],"version-history":[{"count":0,"href":"https:\/\/bizlawyer.vn\/zh-hans\/wp-json\/wp\/v2\/posts\/10955\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bizlawyer.vn\/zh-hans\/wp-json\/wp\/v2\/media\/10951"}],"wp:attachment":[{"href":"https:\/\/bizlawyer.vn\/zh-hans\/wp-json\/wp\/v2\/media?parent=10955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bizlawyer.vn\/zh-hans\/wp-json\/wp\/v2\/categories?post=10955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bizlawyer.vn\/zh-hans\/wp-json\/wp\/v2\/tags?post=10955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}