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Cashless payments lead many into debt - VnExpress International

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Merely two weeks after the receipt of her VND20 million (US$800) salary, Thanh Huyen was shocked to find only VND1 million remaining in her account. Astonished that she could deplete most of her salary in a mere half month, the 27-year-old office worker felt as though she had been "stolen" from. However, the transaction history clearly showed over 100 purchases for clothes, shoes, food, cosmetics, and bookings for flights and accommodations for a trip she had made. Many of these transactions happened early in the morning while she browsed social networks. Adopting the habit of carrying minimal cash for the past three years, Huyen leaned into the rising trend of cashless payments via various e-banking and e-wallet apps as well as QR codes, conducting all her transactions on her phone. This shift has seen her expenses soar from VND10 million a month to often depleting her funds before the month’s end. "I assumed I wouldn’t spend as much if I didn’t ‘see’ the money in my wallet, but the r

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