HCM CITY — The latest developments in mobile payments in the increasingly affluent markets of Thailand, Laos, Cambodia, Myanmar, and Viet Nam are being showcased at the two-day Greater Mekong Mobile Payments and Banking Summit, which ends today in HCM City.

"Non-cash commerce in Viet Nam is facing challenges currently, but it will have great opportunity in the future," Than Trong Phuc, managing director of DFJ VinaCapital, predicted confidently.

He listed the disadvantages faced by the market: the benefits are still unclear and/or not compelling, customers do not feel secure, infrastructure is still evolving, directions are fragmented, networks are still in their early stages, and the regulatory system is primitive.

In a recent survey of people buying online in HCM City, Ha Noi, Hai Phong, and Da Nang, 64 per cent said they would not buy anything online in the future and the rest said "maybe."