Biggest international and domestic payment card schemes in Vietnam 2016-2022
Vietnam's declining share of cash in POS, as consumers used credit cards and wallets. The source does not explain the figures for 2019, as these look somewhat different from both 2018 and 2020.
Domestic scheme NAPAS leads the market for card payments in Vietnam, ahead of both Visa and Mastercard. NAPAS refers to Vietnam's ATM cards, issued by the National Payment Corporation of Vietnam. Whilst the brand does not have the same dominance as UnionPay within China, it is relatively unusual for an in-market local card scheme to be ahead of either Visa and Mastercard. This may stem from