Vietnam

TrueMoney Wins Payment Services License in Vietnam, Launches TrueMoney Wallet

TrueMoney Vietnam, part of Southeast Asian Fintech company Ascend Money, has obtained the Intermediary Payment Services License from the State Bank of Vietnam to operate digital financial services in e-money, e-payment, wireless transfers, and payment gateways. TrueMoney is processing over

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27 Non-Bank Organizations Licensed To Provide Payment Services In Vietnam: The Complete 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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Vietcombank’s Digital Transformation

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has selected Finastra to drive its digital transformation initiatives. Finastra technology will streamline and automate Vietcombank’s operational processes and improve overall customer experience to enhance loyalty, increase domestic market

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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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Newera Energy To Invest Up To Us$50 Million In Renewable Energy Projects

New Era Energy (NewEra)1, the Singapore startup focusing on accelerating renewable energy adoption in Southeast Asia, entered into a partnership with Bamboo Capital Group (BCG) to pilot the world’s first blockchain-enabled Carbon Credits Certification Protocol. NewEra is building a blockchain

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Top Fintech Vietnam News from January 2018

Fintech Vietnam Meetup is back with the 2nd edition of 2018, with all you need to know about Fintech in Vietnam. Amidst the cryptocurrency buzz, we place a special focus on the new P2P Lending players in Vietnam. Can they hold

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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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Foreign Tech Giants Eye Vietnamese Market With Fintech Solutions

With 30 million smartphone users and a 52% Internet penetration rate, the Vietnamese market is believed by many to be fertile ground for fintech solutions and digital finance. Foreign multinationals and firms are entering the country in hopes to attract

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