Vietnam
Vietnamese E-Wallet MoMo Joins Unicorn Club With US$200 Million Series E
Vietnamese e-wallet M-Service which operates under the MoMo brand announced it has raised US$200 million Series E in a funding round that was led by Mizuho Bank, a subsidiary of Mizuho Financial Group. With this latest fundraise, MoMo is now
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CIMB Bank Vietnam and F88 Form Partnership to Boost Financial Inclusion
Lending platform F88 Business has entered into a new strategic partnership with CIMB Bank Vietnam to promote financial inclusion to the unserved and underserved sector of the economy. According to the latest figures from the General Statistics Office (GSO), Vietnam
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KASIKORNBANK Sets up Its First Vietnamese Branch in Ho Chi Minh City
Thailand’s KASIKORNBANK (KBank) announced that it has opened a branch in Ho Chi Minh City with the aim of linking the trade and investment network within the ASEAN region. This will be KBank’s first branch in Vietnam, and its tenth
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LOTTE Finance Leverages OpenWay to Roll Out BNPL Services in Vietnam
LOTTE Finance Vietnam, a subsidiary of South Korean credit card company LOTTE Card, has rolled out Buy Now, Pay Later (BNPL) services for customers in the country. The “PayLater by LOTTE Finance” feature is based on the Way4 digital payments
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Mambu Replaces Vietnamese Digibank Cake’s Core Banking Platform in Under 3 Months
SaaS cloud banking platform Mambu has worked with Vietnamese digital bank Cake, a collaboration between Be Group and VPBank, to replace its core banking technology in just 74 days. The core replacement project will enable Cake to rapidly launch flexible
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CIMB Vietnam and Finhay Releases Smart Credit Card
CIMB Vietnam has officially introduced the issuance of its CIMB-Finhay credit card on the Finhay app through digital onboarding without the need for any documentations. The launch opens up opportunities for many Vietnamese people to own credit cards, popularising financial
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2C2P Forges Partnerships in Vietnam and Cambodia in Expansion Push
2C2P a payments platform today announced new partnerships in Vietnam and Cambodia to expand its Thai cross-border remittance service, easy2send. In Vietnam 2C2P will team up with Sai Gon Joint Stock Commercial Bank (SCB), one of Vietnam’s top five joint
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Vietnam’s Digibank ÜBank Leverages Backbase to Roll out 50 New Features in a Month
Übank, Vietnamese digital bank powered by VPBank, has partnered with digital banking software provider Backbase to leverage its cloud solution to enhance the bank’s mobile banking experiences and offerings. The digital bank reportedly managed to release of nearly 50 new
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Vietnamese Incumbents Tap Fintech Partnerships in Digital Banking Push
Vietnam’s young and digitally-savvy population, low rates of formal financial inclusion and high smartphone ownership and Internet penetration, make the country’s banking and financial services industry ride for disruption. Against this backdrop, incumbents are teaming up with fintech companies and
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Vietnamese Digital Bank Cake Taps Mambu’s Cloud Platform to Scale Its Operations
Vietnamese digital bank Cake announced that it has selected cloud banking platform Mambu to scale its business towards offering a full suite of digital banking services. Launched in January 2021, Cake is a collaboration between Be Group, the organisation behind
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