Vietnam

New Wallet in Vietnam: SmartPay Acquires More Than 200,000 Users Since Its Launch

Launched by Smartnet in May 2019, SmartPay acquired over 200,000 users and 3,000 merchants across Vietnam. Different types of merchants have been joining SmartPay to accept mobile payments – from individual entrepreneurs and street food vendors to food and beverage

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Flywire and VPBank Partner on International Tuition Payments for Vietnamese Students

Flywire and VPBank announced a new partnership that will simplify international tuition payments for Vietnamese students. Working together the companies are addressing the unique requirements and nuances of the Vietnamese market and ensuring compliance with local regulations while offering students and

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A Map of Vietnam’s Proptech Ecosystem

Proptech is rapidly growing in Vietnam, fuel by the country’s young demographics, tech savvy population and available funding and incentives for tech startups, according to JLL Vietnam, a commercial real estate services firm. In Vietnam, the development of proptech has

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New Alternative Lending and Micro Lending Players in Vietnam

Since 2013, consumer lending in Vietnam has increased strongly, driven by robust economic growth and a rising middle-class. Over 2014 – 2018, the top 11 Vietnamese banks, whose combined loans make up roughly 70% of system loans, had expanded their

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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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Vietnamese P2P Lender Vaymuon.vn Eyes US$ 10 Million Series A for Global Ambitions

Vietnam’s first and largest P2P lending platform, Vaymuon.vn, announces the close of seed round funding and celebrates its strategic partnership with VietinBank Insurance (VBI) in order to ensure peace of mind for borrowers and investors. With the breakthrough results after

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Singapore’s CXA Group Sets up a Tech Hub in Vietnam to Deepen AI Capabilities

Following their US$ 25 Million fund raising round, CXA announced that they are setting up a Tech Hub in Ho Chin Minh, Vietnam. CXA describes itself an AI driven platform for better health, wealth and wellness choices. The new launched

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Vietnam Central Bank Has Only Granted 4 Payment Licenses Over the Past 16 Months

The State Bank of Vietnam (SBV), the country’s central bank and main financial regulatory agency, has only granted payment licenses to four companies since April 2018. According to SBV’s website, Smart Net, Endenred, Paytech and EPay are the latest four

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30 Non-Bank Organizations Licensed To Provide Payment Services In Vietnam: The Complete Updated List

In December 2014, the State Bank of Vietnam (SBV) issued the Circular No. 39/2014/TT-NHNN which sets a series of rules banks and non-bank organizations in Vietnam must follow in order to be permitted to offer intermediary payment services such as

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Vietnam’s Fintech Ride Hailing Market: Grab Goes Consumer Finance / Go-Viet Needs Payment License

Vietnam’s fintech sector is heating up as Singapore’s “super-app” Grab looks to staff up its financial services division in the country, hinting at plans to launch a lending offering soon. Grab introduced its postpaid service PayLater earlier this year for

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