Circular 06/2025/TT-NHNN amend Clause 7, Article 7 of Circular 07/2024/TT-NHNN on payment agency activities

CIRCULAR

Amending and supplementing Clause 7, Article 7 of Circular No. 07/2024/TT-NHNN dated June 21, 2024, of the Governor of the State Bank of Vietnam, on payment agency activities

Pursuant to the Law on the State Bank of Vietnam dated June 16, 2010;

Pursuant to the Law on Credit Institutions dated January 18, 2024;

Pursuant to the Government's Decree No. 52/2024/ND-CP dated May 15, 2024, on non-cash payment;

Pursuant to the Government’s Decree No. 26/2025/ND-CP dated February 24, 2025, defining the functions, tasks, powers and organizational structure of the State Bank of Vietnam;

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 Clause 7, Article 7 of Circular No. 07/2024/TT-NHNN dated June 21, 2024, of the Governor of the State Bank of Vietnam, on payment agency activities.

Article 1. Amending and supplementing Clause 7, Article 7 of Circular No. 07/2024/TT-NHNN dated June 21, 2024, of the Governor of the State Bank of Vietnam, on payment agency activities, as follows:

“7. The Principal is allowed to enter into a payment agency contract with another institution nationwide.  The number of payment agency points of other institutions in the commune-level areas (excluding wards) within provinces and centrally-run cities must account for more than 70% of the total number of payment agency points of the Principal.”.

Article 2. Implementation organization

The Chief of Office, Director of the Payment Department, Heads of relevant units under the State Bank of Vietnam, credit institutions, foreign bank branches, and concerned organizations shall implement this Circular.

Article 3. Effect

This Circular takes effect from July 1, 2025.

For the Governor

The Deputy Governor

PHAM TIEN DUNG