Posts From Fintechnews Vietnam

ABD: Low Financial Literacy Hampering Fintech Adoption in Vietnam

A new research conducted by the Asian Development Bank Institute (ADBI) has revealed a correlation between financial literacy and fintech adoption in Vietnam. The report calls for the country to put more effort into general and financial education programs to

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2020 Fintech Vietnam Report and Startup Map: Fintech Startups Tripled since 2017

Vietnam’s fintech startup landscape more than tripled in size between 2017 and 2020, growing from 44 startups in 2017 to now 118 startups, according to a new report produced by Fintech News Singapore. The Vietnam Fintech Report 2020 delves into

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Digital Banking Heats up in Vietnam Amid COVID-19, Booming E-Commerce Sector

In Vietnam, digital banking development is accelerating on the back of rapid fintech adoption, a booming e-commerce industry and the COVID-19 pandemic. Social distancing measures put in place to prevent the spread of the virus have pushed consumers towards online

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Korea’s $2 Billion Unicorn Toss Join Forces With CIMB Bank Vietnam For In-App Banking Solution

Alongside big names like China and Singapore, South Korea is a rising star in the Asian tech giant battlefield. This nation of 50 million people is known for its tech-savvy population and general wealth – unsurprising for a country that

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Vietnam’s Challenger Timo Changes Banking Partner, Cuts Ties with VPBank

Vietnam’s digital banking platform Timo has warned that from September 8, 2020, existing customers will no longer be able to access their accounts at Vietnam Prosperity Joint-Stock Commercial Bank (VPBank) through the Timo app and web platform. Customers wishing to

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Major Vietnamese Bank Selects Temenos for Digital Wealth Management

Temenos, the banking software company, today announced that Military Commercial Joint Stock Bank (MB) has selected Temenos Infinity Wealth to deliver digital wealth management services to Vietnamese private banking customers. The implementation will be supported by Temenos’ partner, Syncordis. MB

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Vietnamese Digital Investment Platform Realstake Secures Seed Funding from 500 Startups

RealStake announced today that it has successfully closed seed funding from 500 Startups Vietnam and various angel investors. RealStake aims to digitise and democratise consumer investment in Southeast Asia. It launched in Vietnam in 2019 by enabling retail real estate

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5 Fastest Growing Fintechs in Vietnam According to IDC

IDC Financial Insights today released the 2020 update of its FinTech Fast 101 research which details a list of fast-growing FinTechs in Asia/Pacific excluding Japan (APEJ) from 11 key markets. IDC’s FinTech Fast 101 research refers to fast-growing fintech players

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4 Fintech Startups from Vietnam to Watch out for in 2020

Vietnam’s fintech industry gained pace in 2019. Last year, Vietnam ranked second in ASEAN in terms of fintech funding (36%), second only to Singapore (56%). The sharp increase in funding was attributed to two large deals going to payments companies

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Vietnam’s ViettelPay Expects Triple Growth of Users In 2020

ViettelPay a digital wallet service under the Viettel Group said in a media statement that it is confident that the company will triple its user base by 2020. According to the company, they now have over 9 million users and

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