Vietnam

SeABank Taps Visa to Bolster Its Digital Payments Offerings

Vietnam’s Southeast Asia Commercial Joint Stock Bank (SeABank) and Visa have entered into a strategic agreement to enhance digital payments. This partnership aims to improve SeABank‘s payment solutions, data capacity, and expertise, advancing their payment services strategy. Visa and SeABank

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Grab’s Vietnam Users to See End of Moca E-Wallet Service on 1 July

Moca Technology and Services Joint Stock Company (Moca) has announced that it will cease providing its e-wallet services on both the Moca and Grab applications in Vietnam, effective 1 July 2024. The Moca wallet, integrated within the Grab app, has

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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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Saladin Joins Forces with ZaloPay to Digitise Insurance Offerings

In a step towards digitising insurance services in Vietnam, Saladin Technology Insurance, under the auspices of 10X Consulting and Technology Co., Ltd., has formed a strategic partnership with ZION Joint Stock Company, creators of the ZaloPay e-wallet. This collaboration was

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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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