The project will work with relevant industry stakeholders to improve the enabling environment and sector capacity to accelate the adoption of payments and other financial services. Specific support will include enhancing the legal framework, strengthening the financial infrastructure, and promoting innovative payment products and services.
Under one of its component, the Project will support The National Payment Corporation of Vietnam (NAPAS) in the development of central payments infrastructure & related services that can help expand access to appropriate digital payments and financial services. NAPAS plans to establish the first Automatic Clearing House (ACH) in Vietnam and provide access to financial infrastructure for payments by financial institutions and/or payment services providers
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