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Biometric verification for each transaction is an effective measure to prevent fraud and protect customers. In the digital economy, the State Bank of Vietnam (NHNN) aims to develop digital banking and financial services while ensuring security. Requiring biometric authentication for online transactions for each transaction helps prevent fraud and protect assets. However, splitting payments valued at 500 million VND or more into multiple payments with a single biometric check does not meet current regulations and could be exploited for wrongdoing. Banks can offer fast online payment solutions but must ensure biometric verification for each transaction above the threshold, and customers can choose to split large transactions under 500 million to be processed instantly, 24/7. The banking sector will continue to support customers through digital channels, ensuring safety and seamless payments, and promoting cashless payments and a transparent financial environment.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
