JavaScript is off. Please enable to view full site.

Vietnam trials service allowing cash withdrawal at ATMs with chip-based ID cards

Vietnam trials service allowing cash withdrawal at ATMs with chip-based ID cards

Monday, May 09, 2022, 18:37 GMT+7
Vietnam trials service allowing cash withdrawal at ATMs with chip-based ID cards
People perform transactions with their chip-based ID cards at an ATM of BIDV in northern Vietnam. Photo: Tuoi Tre Contributor

Vietnam’s Ministry of Public Security is coordinating with several banks to pilot a service allowing residents to withdraw money at local ATMs with their chip-based ID cards.

People now have another means to withdraw cash at ATMs aside from their bank cards and QR codes, a representative from the Police Department for Administrative Management of Social Order (C06) under the Ministry of Public Security, told Tuoi Tre (Youth) newspaper on Monday.

Using chip-based ID cards can minimize the risk of card forgery and ensure safety in financial transactions, the representative continued.

After the customer inserts their ID card at the ATM, the system will immediately check the information and verify it via biometric face and fingerprint recognition.

The C06 has been coordinating with some major banks to develop this service and is piloting it at some locations in Hanoi and northern Quang Ninh Province.

BIDV and VietinBank are among the first banks to work with the C06 to deploy the service.

Following the pilot phase, the service will be applied in the entire ATM network of these lenders.

With the use of chip-based ID cards, it takes only six to eight seconds to verify customers’ information for each transaction, according to a representative of VietinBank.

“The verification process and transactions were done in a quick, simple, and convenient manner,” Do Manh Hung, a customer of BIDV, said after trying the new service.

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

Duy Khang - L.Thanh - D.Trong / Tuoi Tre News

More

Read more

;

Photos

VIDEOS

‘Taste of Australia’ gala dinner held in Ho Chi Minh City after 2-year hiatus

Taste of Australia Gala Reception has returned to the Park Hyatt Hotel in Ho Chi Minh City's District 1 after a two-year hiatus due to the COVID-19 pandemic

Vietnamese woman gives unconditional love to hundreds of adopted children

Despite her own immense hardship, she has taken in and cared for hundreds of orphans over the past three decades.

Vietnam’s Mekong Delta celebrates spring with ‘hat boi’ performances

The art form is so popular that it attracts people from all ages in the Mekong Delta

Vietnamese youngster travels back in time with clay miniatures

Each work is a scene caught by Dung and kept in his memories through his journeys across Vietnam

Latest news