5 Fastest Growing Fintechs in Vietnam According to IDCby Fintech News Vietnam April 8, 2020
IDC Financial Insights today released the 2020 update of its FinTech Fast 101 research which details a list of fast-growing FinTechs in Asia/Pacific excluding Japan (APEJ) from 11 key markets.
IDC’s FinTech Fast 101 research refers to fast-growing fintech players based on extensive on-ground analysis of fintech players from China, India, Indonesia, Singapore, Hong Kong, Thailand, Malaysia, the Philippines, Vietnam, South Korea, and Australia.
5 Fast Growing FinTechs in Vietnam
Moca offers a mobile payment application that can be used to shop, pay for taxi fares, bills, recharge phone balances, and make online payments. It is integrated with 12 local banks, and with international payment networks such as JCB, Visa and Mastercard.
Momo offers a mobile e-wallet that can be used to pay bills, transfer money recharge phone accounts, book tickets, shop, watch movies, and eat –out, and more. One of the most widespread payment apps, Momo works with 24 local banks and with international networks such as Visa and Mastercard.
Payoo has more than 10 years experiences in intermediary payment services. Having connected to more than 40 banks and 12,000 payment accepted points in Vietnam, Payoo offers multi – payment methods which help customers pay for anything on both offline and online.
Tima is a P2P lending platform operating Vietnam. In addition to the basic lending platform, it also provides mortgage loan services and financial Advisory services to customers.
Zalo Pay is a product launched by VNG Corporation, and was developed on Zalo – the country’s most popular SNS tool used by over 70% of the population. ZaloPay can be used to make money transfers 24/7, pay for items at counters, pay bills, recharge phone balances and send money as gifts.
Note: The list is arranged alphabetically. Source: IDC, 2020