As COVID-wary shoppers seek safety from germs in cashless transactions, digital payments have boomed. And where consumers go, businesses must follow. Bucking the trend, Vietnam’s SMEs are stubbornly clinging to the old way of doing things. But according to Winnie Wong, Country Manager of Vietnam, Cambodia & Laos for Mastercard, there are early signs that contactless payments are going mainstream as digital transformation is becoming more widespread.

Winnie explains why it’s time to retire cash, how digitizing payments opens up ways for Vietnamese businesses to improve payment tracking, make cash flow more manageable, and provide higher financial security.

You can find more information for this episode at https://vietcetera.com/en/paying-in-cash-it-will-cost-you-mastercard-vietnams-winnie-wong-argues-in-favor-of-quitting-cash-and-plastic

This week’s podcast is brought to you by our partners Jio Health.