Top Fintech Vietnam News – August 2016

Fintech Vietnam Meetup is back with another newsletter,August 2016 edition. With the fast pace of the recent development in Fintech, there are a lot of local and international news that we would like to share with you today.

Make sure you will not miss our Fintech Vietnam newsletter by subscribing to our mailing list. For daily updates you can follow our Facebook Page, join our Facebook Group and Meetup Community or follow us on Twitter.

Now, let’s take a look at the newest Fintech in Vietnam updates.

TOP VIETNAM FINTECH NEWS

6 Fintech Startups from Ho Chi Minh City, Vietnam to watch

With a little over 30 players, Vietnam’s fintech startup scene is still quite small and yet, industry experts and observers are confident of the sector’s tremendous potential given the country’s massive Millennial population and high Internet and mobile phone penetration rates. (Read more)

6 Fintech Startups from Hanoi, Vietnam to watch

Although still nascent, Vietnam’s fintech sector is growing steadily. A report released in May by Global Information, highlighted the sector’s huge potential in Vietnam. (Read more)

TransferWise begins money transfer service to Vietnam

Founded in 2010 by Estonians Taavet Hinrikus, the first ever employee of Skype, and consultant Kristo Käärmann, TransferWise is a peer-to-peer international money transfer platform that allows private individuals and businesses to send money abroad without hidden fees. (Read more)

Is Alipay entering Vietnam riding on Ascend Money deal?

Alibaba’s payment service Alipay might be entering Vietnam riding on its stake acquisition of Ascend Money, a unit of Thailand’s agribusiness major CP Group – which already has a presence in the Southeast Asian market. (Read more)

3 Must-Have Fintech/Finance Apps for Expats in HCMC

Possibly the first thing you think about as an expat is money – how to manage it, where to store it, how to earn it, how to move it, etc. And as any expat in Ho Chi Minh will tell you, navigating the world of finance in this crazy city can seem impossible! Here are three Vietnamese fintech applications that will transform your experience as an expat in HCMC in Vietnam, making money management so much easier. Once you try them, you won’t look back. (Read more)

Crowdfunding in Vietnam – An Overview

Crowdfunding is a term that has just reached Vietnam within the last years and is therefore still a relatively new concept for the country. Crowdfunding is not only a source for raising funds from a larger community but also a possibility for Start-Ups to see if their project is well perceived. Even though crowdfunding in Vietnam is not that common yet in comparison to many Western countries, it is showing growth and is emerging as a new trend. (Read more)

TOP SOUTH EAST ASIA FINTECH NEWS

Florins Awards Asia and GLOBAL Payment Summit 2016 Is Looking For Fintech Startups

Originated from Europe since 2010, The Florin Awards is a prestigious title in the field of Payments that recognizes the best innovations and strongest solutions in the payments industry. (Read more)

Fintech in Asia: Recent Regulatory Developments 

The digital revolution is bringing sweeping changes to the banking and financial industry. As digital platforms and new business models are growing in popularity, governments from around the world have started responding to the emergence of fintech. Today, we take a look at the most recent regulatory developments in favor of fintech with a particular focus on Asia. (Read more)

Banking On Social Networks Is Real And It’s Coming; Chat Banking

Social media have changed the way we socialize, interact, consume, and will soon change the way we bank and manage our finances. (Read more)

Tracxn Report: Fintech Growing Fast in SEA; Payments & Investment Tech Are Top Two Funded Segments

Since 2007, over US$300 million has been invested into Southeast Asian fintech startups, with more than half of that amount being invested in 2015 alone. The rise in the funding activity comes along with the growth of the fintech startup scene. According to a new research paper by Tracxn, over 520 fintech companies have been founded in last ten years with 2/3 of them being incorporated in the last three years. (Read more)