Posts From Fintech News Vietnam
KASIKORNBANK Sets up Its First Vietnamese Branch in Ho Chi Minh City
Thailand’s KASIKORNBANK (KBank) announced that it has opened a branch in Ho Chi Minh City with the aim of linking the trade and investment network within the ASEAN region. This will be KBank’s first branch in Vietnam, and its tenth
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LOTTE Finance Leverages OpenWay to Roll Out BNPL Services in Vietnam
LOTTE Finance Vietnam, a subsidiary of South Korean credit card company LOTTE Card, has rolled out Buy Now, Pay Later (BNPL) services for customers in the country. The “PayLater by LOTTE Finance” feature is based on the Way4 digital payments
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Mambu Replaces Vietnamese Digibank Cake’s Core Banking Platform in Under 3 Months
SaaS cloud banking platform Mambu has worked with Vietnamese digital bank Cake, a collaboration between Be Group and VPBank, to replace its core banking technology in just 74 days. The core replacement project will enable Cake to rapidly launch flexible
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CIMB Vietnam and Finhay Releases Smart Credit Card
CIMB Vietnam has officially introduced the issuance of its CIMB-Finhay credit card on the Finhay app through digital onboarding without the need for any documentations. The launch opens up opportunities for many Vietnamese people to own credit cards, popularising financial
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Vietnamese Incumbents Tap Fintech Partnerships in Digital Banking Push
Vietnam’s young and digitally-savvy population, low rates of formal financial inclusion and high smartphone ownership and Internet penetration, make the country’s banking and financial services industry ride for disruption. Against this backdrop, incumbents are teaming up with fintech companies and
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Vietnamese Digital Bank Cake Taps Mambu’s Cloud Platform to Scale Its Operations
Vietnamese digital bank Cake announced that it has selected cloud banking platform Mambu to scale its business towards offering a full suite of digital banking services. Launched in January 2021, Cake is a collaboration between Be Group, the organisation behind
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Visa Makes It Easy to Receive Funds in Vietnam From Abroad
Visa has partnered with Vietnam banks to make it easier for Visa debit cardholders to receive inbound remittances using MoneyGram and Remitly. Powered by Visa Direct, cardholders will receive the funds directly to their accounts in near real-time. Vietnam is
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Fintech Innovation Key to Improving Financial Awareness and Accessibility in Vietnam
A recent study of 2,000 global consumers by Mambu, a banking and financial services platform, revealed that both banked and unbanked individuals feel underserved, with 56% of banked customers claiming that there are other services they should be able to
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Mobile Transactions in Vietnam Projected to Surge 300% In the Next 5 Years
Between 2021 and 2025, mobile transactions in Vietnam are expected to surge 300% as Vietnam continues to leapfrog into the mobile channel, a new report by IDC and Backbase found. The second edition of Fintech and Digital Banking 2025 Asia
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Vietnam’s Prime Minister Calls for Pilot of Central Bank Backed Digital Currency
Vietnam’s Prime Minister Pham Minh Chinh is asking the State Bank of Vietnam (SBV) to study and carry out a pilot implementation for a digital currency powered by blockchain technology in the 2021-2023 period. The surprise move came in the
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