Decision No. 316/QD-TTg 2021 telecommunication accounts for payment low value services
Pilot application of Mobile Money accounts for payment of goods
The Decision No. 316/QD-TTg on approval of the pilot application of using telecommunications accounts to pay for small-value goods and services is issued by the Prime Minister on March 09, 2021.
Accordingly, subjects of the pilot application of using telecommunications accounts to pay for small-value goods and services (Mobile Money) are enterprises possessing licenses for providing e-wallet services and licenses for establishment of public terrestrial mobile telecommunications network using radio frequency bands or subsidiary companies permitted to use the parent companies’ infrastructure, network and telecommunications data by the parent companies that are licensed for establishing public terrestrial mobile telecommunications network using radio frequency bands.
Enterprises piloting to provide Mobile Money service to deposit money into the Mobile Money account at sale points; deposit money into the Mobile Money account from the customer's checking account; withdraw money into the Mobile Money account at sale points; transfer money between customers’ Mobile Money accounts within the same system of the piloting enterprises; etc.
Besides, such pilot application shall be carried out nationwide, in which the piloting enterprises must give priority to the pilot application of Mobile Money service in rural, mountainous, remote, border areas and islands of Vietnam. The piloting period is 02 years from the time on which the first piloting enterprise is approved to deploy the Mobile Money service.
This Decision takes effect on the signing date.
For further details of the Decision 316/QD-TTg, Click here
translation of the Official Gazette of the Vietnam News Agency
THE PRIME MINISTER
THE SOCIALIST REPUBLIC OF VIETNAM
Hanoi, March 09, 2021
On approval of the pilot application of using telecommunications accounts to pay for small-value goods and services
THE PRIME MINISTER
Pursuant to the Law on Organization of the Government dated June 19, 2015; the Law Amending and Supplementing a Number of Articles of the Law on Organization of the Government and the Law on Organization of Local Administration dated November 22, 2019;
Pursuant to the Law on Anti-Money Laundering dated June 18, 2012;
Pursuant to the Government's Decree No. 138/2016/ND-CP dated October 01, 2016, promulgating the Working Regulation of the Government regarding affair-handling methods of the Prime Minister;
Pursuant to the Political Bureau's Resolution No. 52-NQ/TW dated September 27, 2019, on a number of guidelines and policies to actively participate in the Fourth Industrial Revolution;
Pursuant to the Prime Minister’s Decision No. 149/QD-TTg dated January 22, 2020, approving the National Financial Inclusion Strategy through 2025, with orientations toward 2030;
Pursuant to the Government’s Resolution No. 02/NQ-CP dated January 01, 2020, on further performance of tasks and implementation of major solutions to improve the business environment and national competitiveness in 2020;
Pursuant to the Prime Minister’s Directive No. 11/CT-TTg dated March 04, 2020, on urgent tasks and solutions to remove difficulties for production and business, ensure social security in response to the Covid-19 epidemic;
At the proposal of the Governor of the State Bank of Vietnam in the Document No. 07/TTr-NHNN dated February 19, 2021,