Top Fintech Vietnam News from July/August 2017

Top Fintech Vietnam News from July/August 2017

by August 25, 2017
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Fintech Vietnam Meetup is back with another newsletter, July/August 2017 edition. With the fast pace of the recent developments in Fintech, there are a lot of local and international news that we would like to share with you today.

A big thank you to all who turned up at our recent Fintech Vietnam Meetup featuring “ICO, Ethereum, what is it, is it a hype? And how to identify Coin Scams“. We had to close RSVP early due to the overwhelming interest. We hope that everyone went back with new learnings and friends. For those who couldn’t make it, do not fret as we have exciting Meetups planned coming your way!

*If you want to sponsor our upcoming Fintech Meetups In Saigon and Hanoi, please contact us. Our meetup group currently has 1,000 members.

TOP Fintech Vietnam News

Fintech in Vietnam Update and new Infographic 2017

fintech vietnam infographic

2Vietnam’s fintech ecosystem is on the rise fueled by a surge in foreign investor interest and a desire from the government to boost fintech development. (Read more)

ICO, Ethereum, what is it, is it a hype ? And how to identify Coin Scams

Freshly launched coins is a newly famous transaction type we need to understand . (Read more)

Vietnam’s Payment Preferences: Four Trends to Watch

Vietnam is aiming to move towards a 90 percent cashless economy by 2020 by reducing cash transactions and increasing electronic payments. (Read more)

Online payment app MoMo’s head start has kept it ahead of the game, but will it maintain its lead?

Today’s increasingly digital Vietnam, where smartphone penetration is rapidly increasing and 52% of the country’s 95 million people are online, has led to an embarrassment of fintech riches. (Read more)

Fintech Vietnam @ Surf 2017 – Danang Startup Wave

Check more photos here

Vietnam ranks 7th worldwide for number of active Facebook users

The latest figures that Facebook is reporting to advertisers indicate that India has overtaken the United States to become the platform’s largest country audience. (Read more)

Vietnam’s Zalo Pay Brings Payments To Social Media in Vietnam

Zalo Pay banner

Zalo Pay, a product of ZION, is bringing mobile, contactless payments to Vietnam’s popular social media and messaging platform Zalo. (Read more)

The Promise of Fintech in Vietnam. A Culture of Cash

Vietnamese Bitcoin

In 2002, according to Plastic Money, there were only nine foreign-operated ATMs (ANZ, HSBC, and Citibank) in the entire country with 79 locally-operated ATMs (all State-owned banks) and slightly more than 5,000 point-of-sale (POS) terminals across Vietnam. (Read more)

More Vietnamese use mobile devices for travel purchases

While only 7 per cent of online travel sales in Việt Nam were made on mobile devices last year, the number grew rapidly at a 58.1 per cent compound annual growth rate (CAGR) in the 2013-16 period, presenting a major growth opportunity, according to a Euromonitor International study. (Read more)

More:

  • Fintech the focal point for Vietnamese start-ups to attract foreign capital, Read more
  • Now in Vietnam: A culture of entrepreneurship, a landscape of opportunity, Read more
  • Indonesian P2P lending site Investree to enter Vietnam, launches sharia-based service,Read more
  • The State Of Artificial Intelligence In Vietnam, Read more
  • UOB to expand in Vietnam as it becomes first Singapore bank to get subsidiary bank licence, Read more
  • Vietnam: Indochina Capital invests in co-working space operator Toong, Read more
  • Foreign banks on trend to exit Vietnam, Read more
  • These Asian Cities Will Grow the Fastest in the Next Five Years, Read more

Top Fintech South East Asia News

Why Asia Needs Alternative Credit Scoring

Why Asia Needs Alternative Credit Scoring

While progress has been made in expanding financial inclusion, there are still billions of people in the world who do not have access to basic banking services, including access to credit. (Read more)

There are too many e-wallets in India and most are near-empty

With Indians increasingly taking to e-payments for their transactions, routine or otherwise, the mobile wallet industry has been growingrapidly in the country.(Read more)

Development banks supplement roads and bridges with digital finance

Multilateral banks are known as mega-infrastructure supporters, funding the likes of new roads, bridges and power plants in developing countries. (Read more)

Grab Plans To Be the #1 Mobile Payments Platform in Southeast Asia

Grab CEO and co-founder Anthony Tan (left), together with Albert Lucius, CEO of Kudo (right) upon entering an agreement for Grab to acquire Kudo

Grab, the leading ride-hailing and logistics services startup in Southeast Asia, is looking to become the top mobile payments platform in the region.(Read more)

 

You can subscribe to the monthly Fintech Vietnam Newsletter here

 

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