Tag "Vietnam"

15 Fintech Influencers in Vietnam You Have to Know

In the last five years, Vietnam has witnessed the establishment of over 40 new fintech companies, such as online payment platforms Moca or MoMo, as well as the country’s first digital banking platform Timo, highlighting Vietnam’s nascent yet rapidly growing

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Vietnamese Firms Still Behind International Counterparts in Adopting Blockchain, AI: Survey

Vietnamese firms understand the need to adopt cutting-edge technologies including artificial intelligence (AI) and blockchain, yet only a few of them are actually using them, according to a report by Navigos Group, an online recruitment company and subsidiary of en-japan

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Vietnam: Rise of E-Commerce Paving the Way for Digital, Mobile Payments Boom

Although Vietnam remains a cash-dominant economy, evidences suggest that digital and mobile payments are rapidly growing. According to Harmander Mahal, head of retail banking at Standard Chartered Bank Vietnam, the rise of e-commerce in Vietnam is paving the way for

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Digital Banking Sees Prosperous Future in Vietnam

Like the rest of emerging countries in Asia, digital banking penetration in Vietnam is on the rise. According to a survey by IDG Vietnam, 81% of respondents said they used digital banking solutions in 2017 compared to 21% in 2015.

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Fintech for Financial Inclusion in Vietnam

Fintech companies, which leverage technology and digital platforms to provide financial services at lower cost and wider, better access, have a key role to play in Vietnam where only 59% of the population have a formal bank account. A paper

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Vietnam Fintech Sector Report: All about Digital and Mobile Payments ?

Vietnam’s fintech industry is poised for growth as Internet and smartphone penetration rates continue to rise and as the government pursues its push for greater digitalization of the economy, according to a new report by consulting firm Solidiance. In 2017,

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Private Equity Investments Take Off In Vietnam

Private Equity in Vietnam. The country kicked off the year 2018 with major investment deals in private equity, revealing investors’ confidence in the rapidly growing economy. In February, Malaysia-based investment fund Creador announced its plan to open an office in

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New Peer-To-Peer Lending Players In Vietnam

A new company called Lendbiz was recently set up in Hanoi. The company offers a peer-to-peer lending platform targeted at small and medium-sized enterprises (SMEs) in Vietnam. Lendbiz joins other peer-to-peer lending platforms in Vietnam such as Timma, Vaymuon and

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Vietnam Welcomes First Robo-Advisor Platform

Vietnamese fintech startup Finhay is targeting the country’s millennials with a new robo-advisor service that lets customers invest in top mutual funds in Vietnam starting with as little as 50,000 VND (US$2.6). Finhay provides a platform connecting mutual funds with

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Vietnamese Startups, Entrepreneurs Warm Up To ICOs

Initial coin offerings (ICOs) have become the preferred fundraising method for players in the cryptocurrency and blockchain space, enabling entrepreneurs and projects to raise over US$2 billion in 2017 alone. While ICOs have proven to be a successful way for

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