The State Bank of Vietnam (SBV) has issued Circular No. 41/2025/TT-NHNN, introducing tighter requirements for e-wallet operations, effective from November 2025, with full biometric mandates rolling out in early 2026. This regulatory tightening is not a suppression of innovation but a necessary step towards “Fintech Maturity.” As e-wallets transition from casual payment apps to integral […]