Posts From Fintech News Vietnam

MoMo, VNPAY, and ZaloPay Enable QR Payments for Visa Cardholders in Vietnam

Payments giant Visa has announced a new partnership with three of Vietnam’s leading e-wallets—MoMo, VNPAY, and ZaloPay—to enhance the payment experience for its cardholders at small and medium enterprises (SMEs). This collaboration allows Visa cardholders to use their cards to

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Sacombank Reportedly Planning 33% Stake Sale to Raise Up to US$880 Million

Vietnamese lender Sacombank plans to sell a 33% stake by the end of the year, aiming to raise between US$840 million and US$880 million, according to DealStreetAsia. The bank, listed in Ho Chi Minh City, intends to offer the shares

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PVcomBank Launches New Mobile App with Temenos and AWS

Banking software company Temenos has announced that Vietnam Public Commercial Joint Stock Bank (PVcomBank) has launched PVConnect using Temenos Digital on Amazon Web Services (AWS). This new mobile banking platform PVConnect, which is powered by Temenos Digital, aims to enhance

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Igloo Expands Insurance Access in Vietnam Through New Partnerships

Igloo, a Singapore-based insurtech firm, has announced new partnerships with Zalopay, Lotte Finance, FE Credit, and digital insurer OPES to broaden insurance access in Vietnam, particularly for underinsured communities. These collaborations aim to introduce tailored insurance products that cater to

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ZaloPay and CIMB Bank Roll out Fixed Deposit Offering to Simplify Savings

Vietnamese e-wallet ZaloPay and CIMB Bank, a highly regarded bank in Southeast Asia, recognising the challenges posed by the global economic downturn, have partnered to offer a new fixed deposit product in Vietnam amidst significant labour market issues. The unemployment

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JB Financial Group Acquires Minority Stake in Vietnamese Investment App Infina

South Korea’s JB Financial Group has announced a strategic acquisition of a minority stake in Infina, a retail investing application based in Vietnam. Under the terms of the partnership, JB Financial Group will initially acquire 3.9 percent of Infina’s shares,

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SCBX Inks US$860M Deal to Fully Acquire Home Credit Vietnam

SCBX, the financial technology business group of Siam Commercial Bank, has inked a deal to fully acquired consumer finance firm Home Credit Vietnam for US$860 million in a bid to expand its footprint in the region. The transaction is set

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Vietnamese Fintech 1Long Raises US$500K in Pre-Seed Funding

1Long, a fintech startup based in Vietnam, has raised US$500,000 in a pre-seed funding round supported by a consortium of investors, including Iterative, Monk’s Hill Ventures, R2VP, and Orionis Capital. With this new funding, 1Long plans to invest in technological

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VIB Upgrades Core Banking System with Temenos, Leverages AWS Cloud

Vietnam International Bank (VIB) has implemented the latest version of the Temenos Core Banking solution, powered by Amazon Web Services (AWS). This collaboration also includes ITSS, a Swiss technology and IT services firm. The upgrade to Temenos’ R23 Core Banking

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Reazon Holdings Injects Investment into Validus Vietnam

Validus Vietnam, a financing platform for small and medium-sized enterprises (SMEs), has secured an investment from Japan’s Reazon Holdings. The sum was not disclosed. This investment into VGrowth Development Co. Ltd., commonly known as Validus Vietnam, signifies a strategic move

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