Vietnam to require biometric authentication for some online money transfers to cut fraud

The State Bank of Vietnam (SBV) plans to introduce biometric authentication for major online money transfer operations as a way of putting the rising wave of online financial fraud in the country in check.

According to Vietnam Plus, the deputy head of the SBV’s payment department, Le Anh Dung, said during a recent seminar that as part of the plan, authentication using fingerprint, iris or face biometrics would soon be needed for all online money transfers possibly exceeding 10 …

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