Is cashless payment common in Vietnam?

11 months ago 119 views

While cash is still king in Vietnam, card payments are gaining popularity, especially in tourist areas. You can pay by card in many locations frequented by tourists, but carrying some cash is still recommended for smaller establishments or local markets.

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Is Vietnam cashless? Payment methods in Vietnam?

Okay, so, is Vietnam cashless? Hmm, not really. I mean, most folks I saw used good ol' cash. VND flew everywhere.

But here's the thing: cards are creeping in. Visa, Mastercard, you know the drill. It's gettin' there!

I went to Hanoi back in January 2023. Loved it. Paid mostly in cash, but could use my card some.

Like, in the Old Quarter? Forget about it - cash is KING. Delicious pho cost me maybe 30,000 VND (around $1.50 USD), cash only.

Fancy restaurant in District 1, Ho Chi Minh City though? No prob, card accepted. Cost me 500,000 VND which equal $25 USD.

So, yeah, touristy spots embrace the plastic, but for local vibes, you need that dong, uh, VND smiles.

Think of it like...a transitional phase. Cash is still dominant, but card is the cool kid on the block gettin' popular.

Don't be caught without a little of both, if you know what I mean! Have a good trip.

Does Vietnam have contactless payments?

Contactless payments... yeah, they're everywhere now in Vietnam. Seems unreal, almost.

Visa says over 75% of their face-to-face transactions are contactless as of late November 2024. Didn't expect it to explode like this. It's like a different world.

Remember struggling with cash, like forever ago? Now it's just...tap, tap, tap.
My grandmother still insists on cash, though. Old habits die hard.

Is it good? I don’t know. Just different, I guess. Makes you think about things.

Sometimes I feel like money isn't real anymore. Is that weird?
It makes spending easier, that's for sure. Too easy, maybe.

Visa says Vietnam is leading the contactless payment surge in Asia-Pacific. Who knew?

It’s funny. You always think of other countries being ahead.
Maybe we're finally catching up. Or leaving something behind.

Is card payment common in Vietnam?

Cash reigns. Still. Visa accepted widely. Fine dining, hotels. Tourist traps.

Cards: Convenient nuisance.

Don't expect street vendors to swipe. Ever.

Cash: King for daily life. Marketplaces, taxis, pho.
Cards: Acceptable for major purchases.
ATMs: Accessible. Fees apply. Always.

ATM fees. The hidden cost of convenience. My bank charges 3% abroad. Plus conversion. Plus the ATM fee. Feels like a scam. Oh well.

NFC payments exist. Limited adoption. Yet.

What percent of people use tap to pay?

Ugh, this tap-to-pay thing. It's everywhere now, right? I was at Trader Joe's last Tuesday, around 5 PM. The line was insane, like, out the door, a total nightmare. I swear, at least half the people ahead of me tapped their cards. Crazy. I felt so old-fashioned fumbling for my wallet. It's 2024, and I'm still digging in my purse!

Seriously, it felt like at least 75% of people used tap to pay that day. Maybe even more. The cashier practically sighed when she saw my card. I know, I know, I should get with the times. But I'm just not there yet. It's weird.

This whole contactless thing... I'm still a little paranoid about security. But hey, most people clearly aren’t. They're all tapping away, like it's nothing. My friend Sarah uses Apple Pay for everything. She says it's super convenient. I see her do it all the time.

That Trader Joe's experience solidified my feelings on the matter, anyway. So many people used it.

Location: Trader Joe's, [Specific City, State - I'm not giving out my exact location, though]
Time: Tuesday, October 23, 2024, approximately 5:00 PM
Observation: High percentage of contactless payments observed (at least 75%, I’m guessing more. Definitely felt like way more than half!)

I'm thinking of switching though. Maybe next year. I’m really behind.

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