Posts From Fintech News Vietnam
Vietnam Gets a Blockchain-Based Alternative to Grab
TADA, launched by a Singapore-based startup MVL, made its presence in Vietnam on Monday. The news comes less than a week after its launch in Cambodia. TADA – which means “let’s ride” in Korean – uses blockchain technology to curb
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Vietnamese Banks Ramp up Fintech Development
Fintech is gaining popularity around the world including in Vietnam where experts and industry observers predict strong growth, driven by the country’s low banking penetration and young and increasingly affluent population. “Vietnam has strong growth potential for fintech development, and
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GrabPay Eyes Vietnam and South East Asia Digital Payments Dominance as Competition Heats Up
Grab, Southeast Asia’s first decacorn valued at more than US$10 billion, began its humble beginnings as a ride-hailing app but has since evolved into one of the region’s “super app,” providing varied services ranging from food delivering, logistics services, and
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Mobile Payments in Vietnam: End of 2018 News Roundup
Cashless payments are booming in Vietnam, more than doubling in value over the first three quarters of 2018. In particular, transactions over mobile apps and digital wallets rose by an impressive 126% and 161%, respectively, according to Department of Payments
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Mobile Payments, Internet Banking See Rapid Growth in Vietnam
Vietnam has been experiencing a digital wave in its financial and banking industry, with payments through mobile banking services surging by a whopping 144% per year over the past five years, experts said at a conference last week. During the
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Vietnam Welcomes New Fintech Bachelor Program
On September 26, 2018, the National Economics University in Hanoi officially held a launch ceremony for the new International Bachelor Program in Financial Technology. Attending the event were Prof. Dr. Tran Tho Dat, principal of the school, Assoc. Prof. Jenho
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P2P Lending Activity Accelerates in Vietnam
Peer-to-peer (P2P) lending is becoming increasingly popular in Vietnam with new players entering the market and regulators moving forward with creating a favorable environment. In September, a new company called Megalend Viet Nam Investment and Trading Corporation made its debut
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Vietnamese Firms Still Behind International Counterparts in Adopting Blockchain, AI: Survey
Vietnamese firms understand the need to adopt cutting-edge technologies including artificial intelligence (AI) and blockchain, yet only a few of them are actually using them, according to a report by Navigos Group, an online recruitment company and subsidiary of en-japan
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Vietnam: Rise of E-Commerce Paving the Way for Digital, Mobile Payments Boom
Although Vietnam remains a cash-dominant economy, evidences suggest that digital and mobile payments are rapidly growing. According to Harmander Mahal, head of retail banking at Standard Chartered Bank Vietnam, the rise of e-commerce in Vietnam is paving the way for
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Digital Banking Sees Prosperous Future in Vietnam
Like the rest of emerging countries in Asia, digital banking penetration in Vietnam is on the rise. According to a survey by IDG Vietnam, 81% of respondents said they used digital banking solutions in 2017 compared to 21% in 2015.
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