Posts From Fintech News Vietnam
ZaloPay and CIMB Bank Roll out Fixed Deposit Offering to Simplify Savings
Vietnamese e-wallet ZaloPay and CIMB Bank, a highly regarded bank in Southeast Asia, recognising the challenges posed by the global economic downturn, have partnered to offer a new fixed deposit product in Vietnam amidst significant labour market issues. The unemployment
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JB Financial Group Acquires Minority Stake in Vietnamese Investment App Infina
South Korea’s JB Financial Group has announced a strategic acquisition of a minority stake in Infina, a retail investing application based in Vietnam. Under the terms of the partnership, JB Financial Group will initially acquire 3.9 percent of Infina’s shares,
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SCBX Inks US$860M Deal to Fully Acquire Home Credit Vietnam
SCBX, the financial technology business group of Siam Commercial Bank, has inked a deal to fully acquired consumer finance firm Home Credit Vietnam for US$860 million in a bid to expand its footprint in the region. The transaction is set
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Vietnamese Fintech 1Long Raises US$500K in Pre-Seed Funding
1Long, a fintech startup based in Vietnam, has raised US$500,000 in a pre-seed funding round supported by a consortium of investors, including Iterative, Monk’s Hill Ventures, R2VP, and Orionis Capital. With this new funding, 1Long plans to invest in technological
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VIB Upgrades Core Banking System with Temenos, Leverages AWS Cloud
Vietnam International Bank (VIB) has implemented the latest version of the Temenos Core Banking solution, powered by Amazon Web Services (AWS). This collaboration also includes ITSS, a Swiss technology and IT services firm. The upgrade to Temenos’ R23 Core Banking
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Reazon Holdings Injects Investment into Validus Vietnam
Validus Vietnam, a financing platform for small and medium-sized enterprises (SMEs), has secured an investment from Japan’s Reazon Holdings. The sum was not disclosed. This investment into VGrowth Development Co. Ltd., commonly known as Validus Vietnam, signifies a strategic move
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Igloo Expands Weather Protection Insurance Coverage for Vietnamese Farmers
Regional insurtech firm Igloo has joined forces with Aurora Mobility Solutions (AMS) and telecoms company Mobifone to expand its Weather Index Insurance coverage to a broader network of Vietnamese farmers. Igloo provides an enhanced Weather Index Insurance package, encompassing all
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VPBank’s Subsidiary Invests US$30 Million in Vietnam’s Be Group
Be Group, a Vietnamese ride-hailing company and competitor of Grab superapp, has secured 739.5 billion dong (approximately US$30 million) from VPBank Securities, a subsidiary of Vietnam Prosperity Joint Stock Commercial Bank (VPBank). Through this investment, VPBank Securities will be a
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Finastra to Power LPBank’s Treasury Revamp in Vietnam
Vietnam’s Lien Viet Post Joint Stock Commercial Bank (LPBank) has partnered with financial software provider Finastra and NGS Equipment and Communication Joint Stock Company (NGS) to enhance its treasury operations. The move is aimed at improving the bank’s operational efficiency
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Vietnam and Cambodia Unveil Cross-Border QR Payment Connectivity
The central banks of Vietnam and Cambodia officially launched a cross-border QR payment linkage between the two neighbours on December 3, 2023, at a launching ceremony in Cambodia’s Siem Reap province. The Governor of the State Bank of Vietnam (SBV),
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