Three airlines, Vietnam Airlines, Vietjetair and Bamboo Airways, as well as Vietnam Railways are eligible for a 35 per cent reduction in fees at Vietcombank from now until December 31.

NAPAS and Vietcombank work together to reduce payment fees for local airlines and railway firms during the Covid-19 pandemic.- Photo cafef.vn

According to the National Payment Corporation of Việt Nam (NAPAS), the airlines will receive reduced payment fees for both e-payment gateway services and payment collection as part of a support programme for transport enterprises to overcome the impact of the Covid-19 pandemic.

NAPAS will allow the transport firms free transaction processing and is also coordinating with Vietcombank to reduce payment fees via the bank by up to 35 per cent.

According to a NAPAS representative, this is its third service fee reduction programme in 2020 aiming to share difficulties with firms during the pandemic.

According to the General Statistics Office, the Covid-19 pandemic has had a direct impact on transport activities, of which passenger transport was heavily affected.

Previously, NAPAS and commercial banks have implemented two consecutive fee reduction and exemption programmes in 2020, including a public service fee waiver and a reduction of up to 72 per cent in interbank transfer rates until year-end.

All banks participating in the NAPAS network have implemented the programmes which are to encourage customers to use non-cash payments, limiting their exposure to adapt to the requirements of social distancing and minimise the impact of Covid-19 on people's health while maintaining economic development.

Source: VNS