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BANKING SERVICES
Developing & Implementing Surveys
18/02
Create survey forms
Online survey
25/03
Interviewed in 12
cities randomly
Direct survey
21/04
Data collections
Analysis
26/05
at VRBF 2023
conference
Report
30/04
Data review prelim
Quantitative survey
collect facts &
numbers from the
data
05/05
Qualitative research
batch of analysis
Additional interviews
16/05
Design charts & tables
Complete the survey
10/02
Developing
questionnaires
Cashless habits everyday lives
Q UALITY
I D G C O M MU N I C A T I O N S , I N C .
MA TT E R S
CONSUMER PAYMENT ATTITUDES
VIETNAM – 2023
22,000 Samples delivered to interviewers; 7,000 Successful Samples
<18 18 - 25 26 - 35 36 - 50 50 - 60
20% 31% 32% 14% 3%
INTERVIEWERS BY AGE
>60
1%
<3
5
8
12
13
4
<1
85%
55%
72%
75%
84%
15%
52%
MOBILE /eWALLET & CONTACTLESS
CARDS DRIVING CASHLESS
PAYMENTS
Q UALITY
I D G C O M MU N I C A T I O N S , I N C .
MA TT E R S
INTERVIEWERS BY JOB
19%
37%
19%
37%
Officials
Delivery/
Shippers
Financial Students
Micro
Business
20% 19% 8% 24%
29%
Q UALITY
I D G C O M MU N I C A T I O N S , I N C .
MA TT E R S
PERCENTAGE OF EACH OCCUPATION
WHO USES CASHLESS PAYMENTS
19%
37%
19%
37%
Officials
Delivery/
Shippers
Financial
Students
Micro
Business
33%
59% 28% 14%
62%
19%
37%
5%
Payments channels
Which channels use for transaction ?
66%
8%
12%
14%
POS (1 Touch Payments , NFC )
Laptop/PC
( Internet )
Smartphone / Tablet
(APP, QR code)
Successful Samples/Survey Responses
Payment Terminals regularly
66% 82% 52% 88% 23% 21% 19%
Cash Card Online Mobile Wallet Card Swipe /
Insert
Contactless
Card QR Payment Mobile
Contactless
Consumers preferred digital payment methods by
include contactless card (23%), mobile wallets (52%)
and online payments via cards (82%).
DIGITAL TRANSFORMATION IN
BANKING TO PUSH DIGITAL
LIFESTYLES
Services ready for fully
cashless
55%
Bill
Payment
s
48%
Supermarket
67%
Overseas
Travel
66%
Taxi & Ride-
sharing
72%
Convenience Stores
CONSUMERS EXPERIENCES PREFERED MORE TO CASHLESS
Why consumers move to
cashless
62% 33% 61%
Convenience Safety Easy
Q UALITY
I D G C O M MU N I C A T I O N S , I N C .
MA TT E R S
RESULTS OF SURVEY
2023 VS 2020
The Ratio Btw --Cash & Cashless--
2023 IDG
1
6
40%
37%
5%
59.0%
72.0%
41.0%
28.0%
2023 2020
Cashless
Cash
Survey result 2023, the cashless rate changed to 41% from 28% year on year
Customer’s transaction regularly
Everyday
29%
>4 times / Week
27%
4 times/ Month
18%
2 times/ Month
17%
Sometimes Using
9%
RATIO
Everyday
43%
>4 times / Week
39%
4 times/ Month
11%
2 times/ Month
6%
Sometimes Using
1%
RATIO
2023 2020
Customers transaction extremely moved to cashless by include
Everyday (43%), 4 times a week (39%) and 11% 4 thimes a month...
Digital transformation enhance
payment cashless everywhere
40%
5%
Usage Rate Of Mobile Payment According
To User Feedback
2023
19%
37%
6%
6%
21%
9%
14%
9%
18%
17%
Airpay Khác MoMo Payoo Viettel Pay Zalo Pay VNPay Moca
Others
19%
37%
11%
17%
18%
11%
12%
12%
14%
5%
Airpay Khác MoMo Payoo
Viettel Pay Zalo Pay VNPay Moca
Others
2020
40%
19%
37%
5%
Customers Use Cashless Payments
2020 IDGResearch
15%
20%
17%
20%
22%
20%
44%
40%
62%
70%
0% 20% 40% 60% 80%
Home Rental
Shops / 24/7 stores
banking loan/Cards monthly fees
Entertainment/Sport points
Transportation/Logistics Fees
Hospital/Healthercare fees
Online/eCommerce
Commodity bills
Cash transfer
TopUp Data fee
The rate between services
29%
35%
27%
43%
56%
34%
87%
28%
77%
66%
0% 20% 40% 60% 80% 100%
Home Rental
Shops / 24/7 stores
banking loan/Cards monthly fees
Entertainment/Sport points
Transportation/Logistics Fees
Hospital/Healthercare fees
Online/eCommerce
Commodity bills
Cash transfer
TopUp Data fee
The rate between services
2023
2020
THANK YOU
8

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BANKING SERVICES - Survey on Cashless Payment 2023

  • 2. Developing & Implementing Surveys 18/02 Create survey forms Online survey 25/03 Interviewed in 12 cities randomly Direct survey 21/04 Data collections Analysis 26/05 at VRBF 2023 conference Report 30/04 Data review prelim Quantitative survey collect facts & numbers from the data 05/05 Qualitative research batch of analysis Additional interviews 16/05 Design charts & tables Complete the survey 10/02 Developing questionnaires
  • 4. Q UALITY I D G C O M MU N I C A T I O N S , I N C . MA TT E R S CONSUMER PAYMENT ATTITUDES VIETNAM – 2023 22,000 Samples delivered to interviewers; 7,000 Successful Samples
  • 5. <18 18 - 25 26 - 35 36 - 50 50 - 60 20% 31% 32% 14% 3% INTERVIEWERS BY AGE >60 1%
  • 7. MOBILE /eWALLET & CONTACTLESS CARDS DRIVING CASHLESS PAYMENTS
  • 8. Q UALITY I D G C O M MU N I C A T I O N S , I N C . MA TT E R S INTERVIEWERS BY JOB 19% 37% 19% 37% Officials Delivery/ Shippers Financial Students Micro Business 20% 19% 8% 24% 29%
  • 9. Q UALITY I D G C O M MU N I C A T I O N S , I N C . MA TT E R S PERCENTAGE OF EACH OCCUPATION WHO USES CASHLESS PAYMENTS 19% 37% 19% 37% Officials Delivery/ Shippers Financial Students Micro Business 33% 59% 28% 14% 62%
  • 10. 19% 37% 5% Payments channels Which channels use for transaction ? 66% 8% 12% 14% POS (1 Touch Payments , NFC ) Laptop/PC ( Internet ) Smartphone / Tablet (APP, QR code) Successful Samples/Survey Responses
  • 11. Payment Terminals regularly 66% 82% 52% 88% 23% 21% 19% Cash Card Online Mobile Wallet Card Swipe / Insert Contactless Card QR Payment Mobile Contactless Consumers preferred digital payment methods by include contactless card (23%), mobile wallets (52%) and online payments via cards (82%).
  • 12. DIGITAL TRANSFORMATION IN BANKING TO PUSH DIGITAL LIFESTYLES
  • 13. Services ready for fully cashless 55% Bill Payment s 48% Supermarket 67% Overseas Travel 66% Taxi & Ride- sharing 72% Convenience Stores CONSUMERS EXPERIENCES PREFERED MORE TO CASHLESS
  • 14. Why consumers move to cashless 62% 33% 61% Convenience Safety Easy
  • 15. Q UALITY I D G C O M MU N I C A T I O N S , I N C . MA TT E R S RESULTS OF SURVEY 2023 VS 2020
  • 16. The Ratio Btw --Cash & Cashless-- 2023 IDG 1 6 40% 37% 5% 59.0% 72.0% 41.0% 28.0% 2023 2020 Cashless Cash Survey result 2023, the cashless rate changed to 41% from 28% year on year
  • 17. Customer’s transaction regularly Everyday 29% >4 times / Week 27% 4 times/ Month 18% 2 times/ Month 17% Sometimes Using 9% RATIO Everyday 43% >4 times / Week 39% 4 times/ Month 11% 2 times/ Month 6% Sometimes Using 1% RATIO 2023 2020 Customers transaction extremely moved to cashless by include Everyday (43%), 4 times a week (39%) and 11% 4 thimes a month...
  • 19. 40% 5% Usage Rate Of Mobile Payment According To User Feedback 2023 19% 37% 6% 6% 21% 9% 14% 9% 18% 17% Airpay Khác MoMo Payoo Viettel Pay Zalo Pay VNPay Moca Others 19% 37% 11% 17% 18% 11% 12% 12% 14% 5% Airpay Khác MoMo Payoo Viettel Pay Zalo Pay VNPay Moca Others 2020
  • 20. 40% 19% 37% 5% Customers Use Cashless Payments 2020 IDGResearch 15% 20% 17% 20% 22% 20% 44% 40% 62% 70% 0% 20% 40% 60% 80% Home Rental Shops / 24/7 stores banking loan/Cards monthly fees Entertainment/Sport points Transportation/Logistics Fees Hospital/Healthercare fees Online/eCommerce Commodity bills Cash transfer TopUp Data fee The rate between services 29% 35% 27% 43% 56% 34% 87% 28% 77% 66% 0% 20% 40% 60% 80% 100% Home Rental Shops / 24/7 stores banking loan/Cards monthly fees Entertainment/Sport points Transportation/Logistics Fees Hospital/Healthercare fees Online/eCommerce Commodity bills Cash transfer TopUp Data fee The rate between services 2023 2020