THE GOVERNMENT
Decree No. 80/2016/ND-CP dated July 01, 2016 of the Government on amending Government's Decree No. 101/2012/ND-CP dated November 22, 2012 on non-cash payments
Pursuant to Law on Organization of the Government dated June 19, 2015;
Pursuant to the Law on the State bank of Vietnam dated June 16, 2010;
Pursuant to the Law on Credit institutions dated June 16, 2010;
Pursuant to the Law on E-transactions dated November 26, 2005;
Pursuant to the Law on Negotiable Instrument dated November 29, 2005;
Pursuant to the Law on State budget dated June 25, 2015;
At the request of the Governor of the State bank of Vietnam;
The Government promulgates a Decree on amendments to Government's Decree No. 101/2012/ND-CP dated November 22, 2012 on non-cash payments.
Article 1. Amendments and repeal of a number of articles of Government's Decree No. 101/2012/ND-CP dated November 22, 2012 on non-cash payments
1. Clauses 4, 5, 6, 7 and 8 Article 4 shall be amended as follows:
“4. Providers of payment intermediary services are:
a) Organizations other than banks that are issued with the licenses to provide payment intermediary services by the State bank;
b) Commercial banks, branches of foreign banks that are permitted to provide digital wallets.
5. Payment account owner (hereinafter referred to as account owner) is the person that opens an individual's account or the organization that opens an organization’s account.
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