By the end of 2012, Da Nang’s credit organisations had issued over 1 million ATM cards.  1,510 point of sale (POS) machines had been installed, of which 1,371 had been connected to interbank networks.  In addition, 38,960 local businesses had accepted payments via POS machines, and the total of POS payments had reached over 1,456.4 billion VND. 

These figures were released at a meeting, entitled “POS Payments and the Role of Units Accepting POS Machines for Payment”, which took place in the city on Monday.

Currently, card holders often use ATM cards to withdraw money, but they have not yet fully tapped into their cards’ other services.  Payments via POS machines help them ensure security and convenience, as well as reducing the risks of carrying cash.