Circular 47/2026/TT-NHNN amend Circular 41/2024/TT-NHNN on supervision of important payment systems and payment intermediary services

CIRCULAR

Amending and supplementing a number of articles of Circular No. 41/2024/TT-NHNN, prescribing the supervision and implementation of supervision of important payment systems and payment intermediary service provision

Pursuant to the Law on the State Bank of Vietnam No. 46/2010/QH12;

Pursuant to the Law on Credit institutions. No. 32/2024/QH15, amended and supplemented under Law No. 43/2024/QH15 and Law No. 96/2025/QH15;

Pursuant to the Government's Decree No. 52/2024/ND-CP on cashless payment;

Pursuant to the Government’s Decree No. 26/2025/ND-CP defining the functions, tasks, powers and organizational structure of the State Bank of Vietnam, amended and supplemented under Decree No. 198/2026/ND-CP;

At the proposal of the Director of the Payment Department;

The Governor of the State Bank of Vietnam hereby promulgates the Circular amending and supplementing a number of articles of Circular No. 41/2024/TT-NHNN, prescribing the supervision and implementation of supervision of important payment systems and payment intermediary service provision.

Article 1. To add Article 4a after Article 4

“Article 4a. Preservation and archiving of documents, information and data

1. Documents, information and data, after being collected, aggregated, processed and used for the supervision of important payment systems and the provision of payment intermediary services, shall be preserved and archived in accordance with the law on archives.

2. The confidentiality of supervision documents, information and data shall comply with banking laws on the protection of confidential information and other relevant laws.”.

Article 2. To amend and supplement Article 7

“Article 7. On-site inspection of important payment systems

1. The supervisory unit shall conduct inspections at the head office or workplace of the operating organization in accordance with the State Bank’s inspection plan; and conduct ad hoc inspections at the request or direction of the Governor of the State Bank or where the supervisory unit detects that documents, information or data provided by the operating organization are incomplete, erroneous, inaccurate or inappropriate but have not yet been rectified, or detects risk-related issues requiring the collection of additional documents, information or data.

2. The order and procedures for inspection and the organization of implementation of inspection-related handling decisions shall comply with the regulations of the Governor of the State Bank and relevant laws on specialized inspection activities.

3. The operating organization shall arrange personnel and equipment to facilitate the inspection of information and data in its information technology system within the scope of the inspection.”

Article 3. To amend and supplement Clause 2, Article 12

“2. The order and procedures for inspection and the organization of implementation of inspection-related handling decisions shall comply with the regulations of the Governor of the State Bank and relevant laws on specialized inspection activities.”

Article 4. To amend and supplement Clause 4, Article 19

“4. Provide information for the Banking Supervision Agency, regional SBV branches and competent authorities upon detecting indications of violations of law concerning important payment systems or the provision of payment intermediary services.”

Article 5. To amend, supplement, and repeal a number of clauses of Article 21

1. To amend the title of Article as follows:

“Article 21. Responsibility of the State Bank Inspectorate”.

2. To repeal Clause 1.

3. To amend and supplement Clause 3 as follows:

“3. Provide the supervisory unit with inspection conclusions regarding payment intermediary service providers inspected by the State Bank Inspectorate.”

Article 6. To add Article 21a and Article 21b after Article 21

“Article 21a. Responsibility of the Credit Institutions Supervision Department

Provide the supervisory unit with a list of credit institutions and foreign bank branches that are participants in important payment systems and are subject to early intervention or special control.

Article 21b. Responsibility of the Anti-Money Laundering Department

Notify the supervisory unit of inspection results when inspecting compliance with policies and implementation of legal documents under its function of advising and assisting the Governor of the State Bank in performing the state management of anti-money laundering with respect to payment intermediary service providers.”

Article 7. To amend and supplement Article 22

1. To amend the title of Article as follows:

“Article 22. Responsibility of regional SBV branches

2. To amend and supplement Clause 2 as follows:

“2. Provide the supervisory unit with inspection conclusions regarding payment intermediary service providers inspected by regional SBV branches.”

Article 8. To replace a number of Appendices to Circular No. 41/2024/TT-NHNN

To replace Appendix II, Appendix III, Appendix IV, Appendix V and Appendix VI to Circular No. 41/2024/TT-NHNN with Appendix II, Appendix III, Appendix IV, Appendix V, and Appendix VI to this Circular.

Article 9. Effect

1. This Circular takes effect from July 01, 2027, except for the cases specified in Clause 2 of this Article.

2. Section 3 of Appendix III and Section 3.3 of Appendix IV to this Circular take effect from October 01, 2027.

Article 10. Responsibility for implementation organization

Heads of relevant units under the State Bank, operators of important payment systems, payment intermediary service providers, credit institutions and foreign bank branches shall organize the implementation of this Circular./.