FPT, a Vietnamese IT services provider, has entered into a strategic partnership with audax Financial Technology, a digital banking solutions provider backed by Standard Chartered. The collaboration aims to deliver digital banking services across Asia Pacific and the Middle East, with a revenue target of US$100 million over the next three years. As part of the agreement, FPT becomes audax’s largest regional partner, taking on development, testing, deployment, and long-term operational support. The partnership combines audax’s plug-and-play banking platform with FPT’s capabilities in cloud-native development, microservices, DevSecOps, and agile delivery. The companies aim to help financial institutions modernise legacy systems…

Brankas, an open finance platform provider, has partnered with Vietnam-based technology firm Gimasys to deliver open banking solutions for the country’s financial sector. The collaboration aims to help banks and financial institutions comply with new regulations and accelerate their digital transformation efforts. The partnership comes as the State Bank of Vietnam introduces new requirements for open APIs. Brankas brings its open finance infrastructure and security expertise, while Gimasys contributes deep local market knowledge and experience integrating core banking systems. The joint platform will support automated payment flows, API lifecycle management, third-party partner integration, consent frameworks, and data security. It is…

Visa has introduced its Flex Credential feature in Vietnam, allowing cardholders to choose between debit, credit, and other payment options using a single card. Asia Commercial Joint Stock Bank (ACB) is the first in Vietnam and Southeast Asia to roll out the solution, with VIB set to follow soon through its MyVIB app. Available via the ACB One app, the feature enables users to switch between payment types depending on their needs. Beyond debit and credit, Flex Credential can also support loyalty point redemption and, in some markets, access to multiple currency accounts through a single card. Visa said more…

Vietnam has formally recognised digital assets under a newly passed law aimed at supporting the country’s digital transformation and regulatory clarity in emerging technologies. As reported by The Investor Vietnam, the National Assembly approved the Law on Digital Technology Industry on 15 June. The legislation introduces a legal framework for digital assets, including crypto, and is set to take effect on 1 January 2026. Under the law, digital assets are divided into two categories: virtual assets and crypto assets. Virtual assets are defined as digital instruments used for exchange or investment, excluding securities, digital fiat currencies, and other financial instruments…

Although securities trading is still relatively new in Vietnam, more users are turning to wealthtech and investment platforms, signaling growing interest in digital finance. Huy Nghiem, Founder and CEO of VNSC by Finhay (formerly Finhay), shared this trend in a conversation with The On Call Podcast by Insignia Ventures Partners, a leading Southeast Asian VC firm. He highlighted that adoption of fintech has accelerated significantly since 2020, particularly during the COVID-19 pandemic. “Back in 2017, cash dominated all transactions. Today, digital payments, including bank transfers, cards, QR codes, are the norm,” he said. “Vietnam is transforming very fast.” Nghiem linked…

Visa has introduced its issuer-offered Click to Pay solution to the market. Several banks in Vietnam, including Military Commercial Joint Stock Bank, Vietnam Technological and Commercial Joint Stock Bank (Techcombank), JSC Bank for Foreign Trade of Vietnam (Vietcombank), Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), and Vietnam Prosperity Joint-Stock Commercial Bank (VPBank), have been early adopters of the service. For Techcombank and VPBank, Visa cardholders can begin using the solution immediately. On the acceptance side, Click to Pay has been adopted by Ngan Luong Payment Gateway JSC (Alepay Gateway), VietUnion Online Services Corporation (Payoo), Sacombank, and VietinBank.…

AEON Financial Service has claimed its agreement to acquire Post and Telecommunication Finance Company Limited (PTF) is invalid after discovering “inappropriate accounting transactions” at the Vietnamese finance company. The discovery was made during the post-merger integration process following the acquisition of PTF from Southeast Asia Commercial Joint Stock Bank, known as SeABank. The Japanese financial services company announced on 6 June 2025 that it had notified SeABank of its claim that the equity transfer agreement is invalid. The accounting issues were uncovered after AEON Financial completed the acquisition of PTF on 3 February 2025, making it a consolidated subsidiary wholly…

Vietnamese e-wallet Zalopay has partnered with Cake Digital Bank by VPBank to integrate a suite of financial services into its mobile app. Users will be able to access Cake’s credit cards, loans, and savings services directly through the Zalopay app, without needing to leave the app. The process to open a Cake credit card is fully online and requires only a national ID. Users can reportedly obtain a virtual card within minutes and begin using it immediately for online purchases. They can also apply for Cake’s Fast Loan with near-instant disbursement, or open savings accounts that support low entry amounts…

Vietnamese financial services firm F88 has secured a US$30 million loan from London-based investment platform Lendable, DealStreetAsia has learned. This is reportedly the largest single financing deal Lendable has extended to a Vietnamese company to date The three-year facility builds on a funding relationship established in 2022 and 2023, when Lendable extended multiple loans ranging from US$5 million to US$10 million. With the latest agreement, Lendable’s total financial commitment to F88 now nears US$70 million. Headquartered in Hanoi and backed by private equity investors, F88 has been strengthening its capital base as it prepares for a public listing. The firm…

Vietcombank has begun implementing a suite of Salesforce solutions to support its digital transformation, aiming to streamline operations and improve customer engagement across its retail and corporate banking services. The Vietnamese lender is deploying Salesforce’s Financial Services Cloud, CRM Analytics, Marketing Cloud, and MuleSoft as part of its efforts to consolidate banking functions onto a single platform. The implementation is supported by PwC, Gimasys, and CMC TS. By integrating these technologies, Vietcombank aims to improve operational efficiency and provide its relationship managers across the bank with a unified view of customer data. The bank said the platform will help enhance…

The National Payment Corporation of Vietnam (NAPAS) and Mastercard, in collaboration with six Vietnamese banks, have launched the country’s first co-badged payment card. The new product allows users to make transactions both locally and abroad using a single card. The participating banks are Agribank, BIDV, TPBank, Nam A Bank, PVcomBank, and Vikki. The launch follows a memorandum of understanding signed in October 2024 between Mastercard, NAPAS, and nine Vietnamese banks to expand digital payment services in the country. By combining Mastercard’s global acceptance network with NAPAS’s local infrastructure, the co-badged card aims to meet growing demand for seamless payments across…

Vietnam’s government has approved a two-year pilot programme to test peer-to-peer (P2P) lending, credit scoring, and open API-based data sharing, according to Vietnam News. Outlined under Decree 94 issued on 29 April, the initiative introduces a regulatory sandbox for fintech innovations in the banking sector, set to begin on 1 July. The pilot is designed to evaluate emerging financial technologies under controlled conditions while balancing innovation with risk management. P2P lending will be central to the trial, enabling borrowers and lenders to connect directly via digital platforms without the involvement of traditional banks. Only firms licensed by the State Bank…

In Vietnam, bank-owned apps are rapidly gaining popularity across all generations, outpacing independent fintech platforms like MoMo and ZaloPay, which are seeing a decline in usage and preference, according to a new report by Decision Lab, a Vietnamese market research firm. This shift indicates that banks are rising to the challenge, actively enhancing their digital capabilities to better meet evolving customer expectations. The report, which surveyed more than 1,400 consumers in Vietnam in Q4 2024, found that independent fintech apps are experiencing a decline in both usage and preference. MoMo and ZaloPay saw the steepest drops, with penetration rates each…

Vietnam Airlines has expanded its partnership with global payments platform Adyen to enhance its global payment capabilities. The two companies first began working together in 2017, when the airline adopted Adyen’s gateway solution. In 2024, the partnership broadened to include Adyen’s acquiring services across markets such as Japan, Australia, the United States, and Europe. The integration allows Vietnam Airlines to process credit card transactions and local payment methods like Alipay and WeChat Pay more efficiently. By connecting directly to Visa and Mastercard networks through Adyen, the airline has reported an improvement of up to 5% in authorisation rates and a…

IDEMIA Secure Transactions (IST) has partnered with the National Payment Corporation of Vietnam (NAPAS) to help expand the country’s digital payments infrastructure. Through the partnership, NAPAS will integrate IST’s tokenisation technology into its domestic payment network, which connects over 40 banks. The move supports Vietnam’s growing demand for digital and contactless payments, particularly among younger, tech-savvy users. IST’s Token Platform replaces sensitive card details with secure tokens, which can be used for transactions across various channels—including mobile NFC, in-app purchases, and remote payments—without exposing the actual card number. The platform connects with token requestors such as merchants and global digital…

The National Payment Corporation of Vietnam (NAPAS) has launched support for Apple Pay, allowing domestic cardholders to make contactless payments using their Apple devices. This enables users to pay in stores by holding an iPhone or Apple Watch near a compatible payment terminal, with authentication via Face ID, Touch ID, or a device passcode. Customers can also use Apple Pay for purchases in apps or on websites through their iPhone, iPad, or Mac, without the need to repeatedly enter payment or personal information. NAPAS said cardholders can now add their domestic debit, credit, prepaid, or dual cards to Apple Pay…

Validus, an SME financing platform, has ceased new loan disbursements in Vietnam, DealStreetAsia has learned. The company cited delays in regulatory approvals, and will now focus on debt collection while continuing to serve existing investors and customers, Validus Vietnam has been scaling back its loan book in the country over the past year, reducing it by more than 50%. This was due to prolonged uncertainty surrounding the regulatory sandbox or licensing framework, which has been in discussion since 2020. Validus is also prioritizing markets with clearer regulations and stronger profitability. It plans to reassess lending only when there is greater…

Stockholm-based Vilja, is expanding into Vietnam after establishing its ASEAN headquarters and development centre in Kuala Lumpur, Malaysia. Vilja is one of 15 globally recognised cloud-native core banking platforms listed by Celent, Gartner Magic Quadrant, and IDC. On 10 March, Vilja hosted the first “Swedish-Vietnamese Digital Banking Reception” in Hanoi in collaboration with the Swedish Ambassador to Vietnam, Johan Ndisi, at the Ambassador’s Residence. The event brought together around 30 Vietnamese fintech professionals, partners, and banks. Vilja formalised several local and regional partnerships with firms including FPT IS, Gimasys, FiinGroup, Nam Viet Corp, and international open-banking platform Brankas. The agreements…

Visa has maintained its role as an Official Co-sponsor of the Inauguration Ceremony for Ho Chi Minh City Metro Line 1 (Ben Thanh – Suoi Tien). As part of this initiative, Visa has introduced a “tap-to-ride” system at ticket gates, allowing contactless payments via globally issued cards, mobile devices, and wearables. Contactless payments are also available at ticket counters, and commuters can use the HCMC Metro HURC app for in-app transactions. These upgrades aim to improve the commuting experience by offering a faster and more convenient payment method. The open-loop EMV tap-to-ride system is becoming increasingly common worldwide. Over an…

Vietnam’s Prime Minister Pham Minh Chinh has directed the Ministry of Finance and the State Bank of Vietnam to prepare a legal framework for managing cryptos, with a draft policy expected this month, VnExpress reports. The finance ministry will lead efforts to establish regulatory measures for digital assets, which remain undefined under Vietnam’s current laws. Existing regulations only recognise electronic money linked to fiat currencies, such as bank prepaid cards and e-wallets, while cryptos like Bitcoin and Ethereum operate in a legal gray area. The absence of a formal legal framework has pushed many businesses to register abroad, particularly in…