Monday
July 15
2024

Vietnam Mandates Facial Recognition for Digital Payments Above $390

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As the digitization gale continues to blow across Southeast Asia, Vietnam is taking things up a notch by requiring facial recognition for digital transactions above $390.

The new policy change received validity from the State Bank of Vietnam at the start of July, with the banking regulator hinting at a strict enforcement of the rules.

Photo courtesy of Staffan Scherz.

Source: CoinGeek (link opens in a new window)

Categories
Technology
Tags
artificial intelligence, cybersecurity, digital payments, fintech, public policy, regulations