As a toolkit supporting online transactions, including e-financial transactions, digital signatures have been essential in the digitisation strategy of the banking sector. Even though the legality of digital signatures has been recognised by Vietnamese laws, some risks and obstacles still undermine their use.
The increase in digital commerce in the past two years has gone hand-in-hand with an increase in the use of cashless payments and online banking transactions. “E-financial transactions” are financial transactions that are implemented by electronic means.