Tag "mobile payments"

Overview of Vietnam’s Major E-Wallet and Mobile Payment Players

In Vietnam, digital and mobile payment is undeniably the most developed and crowded fintech segment. According to the State Bank of Vietnam (SBV)’s recently updated list, there are currently 30 licensed non-bank payment intermediary intermediary services in the country with

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NETS Enables Over 500 Singaporean Hawkers to Accept Cashless Payments

22 coffee shops, 10 hawker centers and 12 industrial canteens have adopted a unified digital payment solution provided by NETS, Enterprise Singapore said on June 29. The solution combines in one point-of-sales terminal and a single SGQR label a total

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Can LinePay Become Japan’s WeChat Pay?

Line Corp., the Japanese mobile applications and Internet firm operating Japan’s most popular messaging app Line, has invested US$182 million into its digital payments unit Line Pay Corp, according to a filing. The move follows a challenging year 2018, which

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Bankers, Fintech Experts Gather in Vietnam to Discuss the Future of Banking

Earlier this month, bankers and fintech experts gathered in Vietnam to discuss the future of banking, the evolving payments landscape, and digitalization in the financial industry. Representatives of Deloitte, Asia Commercial Bank, Saigon Commercial Bank, Oracle, Fintechnews.sg and BankClub took

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Vietnamese Banks Ramp up Fintech Development

Fintech is gaining popularity around the world including in Vietnam where experts and industry observers predict strong growth, driven by the country’s low banking penetration and young and increasingly affluent population. “Vietnam has strong growth potential for fintech development, and

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Thailand Accelerates Mobile Payments Adoption

Like its ASEAN counterparts, Thailand is pushing for greater of adoption of mobile payments with industry participants, including government agencies, financial institutions and fintech companies, all actively working towards increasing awareness and accelerating adoption. Payments is the largest fintech segment

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GrabPay Eyes Vietnam and South East Asia Digital Payments Dominance as Competition Heats Up

Grab, Southeast Asia’s first decacorn valued at more than US$10 billion, began its humble beginnings as a ride-hailing app but has since evolved into one of the region’s “super app,” providing varied services ranging from food delivering, logistics services, and

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Mobile Payments in Vietnam: End of 2018 News Roundup

Cashless payments are booming in Vietnam, more than doubling in value over the first three quarters of 2018. In particular, transactions over mobile apps and digital wallets rose by an impressive 126% and 161%, respectively, according to Department of Payments

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Vietnam Messaging App Zalo: A Super App which might be bought by Facebook in 2020

Following on the lead of other “super apps,” Zalo has been integrating new functions into its app, including a payment platform called Zalo Pay, which was introduced last year. Launched in 2012, Zalo is Vietnam’s premier chatting platform, with more

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Mobile Payments, Internet Banking See Rapid Growth in Vietnam

Vietnam has been experiencing a digital wave in its financial and banking industry, with payments through mobile banking services surging by a whopping 144% per year over the past five years, experts said at a conference last week. During the

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