Top Fintech Vietnam News from January 2017by Fintechnews Singapore February 15, 2017
Read here all the important fintech news around Fintech in Vietnam from January. You can subscribe to the monthly Fintech Vietnam Newsletter here.
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VP Bank Finance Company Limited (FE Credit) has announced the completion of the procedure for a US$100 million syndicated loan. (Read more)
Vietnam’s deputy prime minister Vuong Dinh Hue has signed a policy decision aimed to dramatically reduce cash transactions and improve electronic payment methods by 2020, according to a report by Viet Nam News. (Read more)
OKLink, a next generation global settlement platform, announced today the launch of real-time transfers to Vietnam. (Read more)
Private equity firm Mekong Capital has invested an undisclosed amount into Vietnam-based pawn shop chain F88, marking the third investment by its $112.5 million fourth fund. (Read more)
Latest development in trend towards cashless retail payments.
China’s Gobi Partners, South Korea’s UTC Investment and SparkLabs, Japan’s Sumitomo Mitsui Banking Corporation, Singapore’s Kusto Tiger, and the U.K.’s Newton Fund are among the investors in local startups. (Read more)
The opening up of Vietnam’s banks to more foreign investment is expected to speed the country’s ascent to emerging-market status and boost a stock index that’s already near a nine-year high. (Read more)
Since the World Economic Forum last met in Davos in January 2016, various political earthquakes associated with rising nationalism and protectionism seem to have reshaped parts of the world at an astonishing pace. (Read more)
4 Selected TOP SOUTHEAST ASIA FINTECH NEWS
Singapore has had quite an amazing year with regard to fintech. The city-state organized the world’s largest fintech event, a number of banks and tech firms opened innovations labs in the country, and the government launched new initiatives and funding schemes to support startups and boost fintech development. Digital Finance and Banking Trends for 2017 in Asia. (Read more)
Fintech has further risen in 2016, a year marked by an increase in governments’ support and interest in the field. (Read more)
The Internet-of-Things (IoT) is set to be one of the biggest technological transformations on the horizon, promising to radically change the way we live and how we conduct business. (Read more)
With Asia catching up on the fintech revolution, it has become an imperative for the financial services industry to get familiarized with the emerging fintech trends that are transforming their businesses. (Read more)
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