Posts From Fintech News Vietnam
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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Insurlog Ties Up With OneDegree’s IXT to Enhance Logistics Insurance in Vietnam
Insurlog, a provider of last-mile delivery insurance for e-commerce enterprises in Vietnam, has joined forces with OneDegree Global‘s insurtech division IXT. This collaboration aims to offer businesses a comprehensive and integrated solution to mitigate risks along the supply chain. Through
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Grab Vietnam Users Can Now Pay with MoMo
Vietnam’s fintech unicorn MoMo and Grab Vietnam announced today that they have integrated the former’s payment solution into the ride-hailing and food delivery superapp. This will allow users in Vietnam to make cashless payments within the Grab app using MoMo’s
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Vietnam’s SeABank to Sell Lending Unit to AEON Financial for US$184.6 Million
The Joint Stock Commercial Bank Southeast Asia (SeABank) is selling its Post and Telecommunication Finance Company (PTF) to AEON Financial Service, the financial arm of Japan’s AEON Group, for VND 4.3 trillion (US$ 184.6 million) Established in October 1998, PTF
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Vietnam’s LPBank Taps Temenos to Modernise Core Banking Platform
Vietnam’s Lien Viet Post Joint Stock Commercial Bank (LPBank) has selected banking software company Temenos to modernise its core banking platform for retail and corporate banking. The new system will enable LPBank to manage customer accounts and transactions across its
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Silverlake Axis Expands into Vietnam with KMS Solutions and AWS
Silverlake Axis, a fintech and digital banking solutions provider, has teamed up with KMS Solutions to enter the Vietnamese market, with Amazon Web Services (AWS) joining as its cloud partner. KMS Solutions will distribute Silverlake Axis’s flagship banking solutions, Mobius
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Vietnamese Fintech MFast Raises US$6 Million Series a Led by Wavemaker Partners
Vietnamese fintech MFast announced that it has raised US$6 million in a Series A funding round led by Wavemaker Partners. The round was also joined by two new investors Finnoventure Fund I which is managed by Krungsri Finnovate and Headline
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Vietnam Officially Joins ASEAN’s Regional Payment Connectivity
The central bank of Vietnam has officially joined the Regional Payment Connectivity (RPC) initiative to make cross-border payments faster, cheaper as well as more transparent and inclusive. The RPC initiative, encompassing several modalities including QR-code and fast-payment based cross-border payments,
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KASIKORNBANK in Talks to Buy Home Credit Vietnam for US$1B
Thailand’s KASIKORNBANK (KBank) is reportedly mulling the acquisition of consumer finance provider Home Credit Vietnam for up to US$1 billion, according to a Reuters report citing two sources. The bank has spoken with financial advisors, however, a final decision has
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Vietnam’s Fintech Emerges as Most Funded Sector With a 249% Surge
In 2022, financial services emerged as the most funded startup sector in Vietnam, accounting for 38% of all venture capital (VC) investment secured by the country’s tech companies, a new report by Do Ventures and the Vietnam National Innovation Center
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