Vietnam
Mambu to Power Vietnam’s First Digital-Only Bank
Vietnam Maritime Commercial Joint Stock Bank (MSB), one of Vietnam’s leading commercial banks, has announced it will adopt Mambu’s cloud-native banking platform as its key technology solution to help the business undergo a radical digital transformation. MSB plans to launch
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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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Grab Launches Early-Stage Startup Accelerator in Vietnam
Grab, today announced the launch of Grab Ventures Ignite, an accelerator programme for early-stage startups, which it said is a part of the Grab for Good development roadmap in Vietnam which aims to create greater social and economic benefits for
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Top 5 Coworking Spaces for Fintechs in Vietnam
Vietnam’s fintech industry, though still nascent, has witnessed significant growth over the past couple of years. As of mid-2019, the country was home to 154 fintech companies which had attracted a total of US$1.1 billion in investment, according to Lam
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Vietnam Central Bank Drops Plan to Cap Foreign Ownership in E-Payment Companies
The State Bank of Vietnam (SBV) has scrapped its initial plan to limit foreign ownership of locally registered e-payment companies to 49% after consulting with experts and industry participants, according to a VN Express report. In a note released earlier
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32 Non-Bank Organizations Licensed Providing Payment Services In Vietnam: The Complete Updated List
In December 2014, the State Bank of Vietnam (SBV) issued the Circular No. 39/2014/TT-NHNN which sets a series of rules banks and non-bank organizations in Vietnam must follow in order to be permitted to offer intermediary payment services such as
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Vietnam’s Mobile Payments Landscape Sees Strong Developments
Vietnam’s mobile payments landscape has continued to evolve on the back of strong growth and expansion coming from industry players, investment deals, and efforts by the government to establish a favorable environment for the industry to thrive. Vietnamese retailer Saigon
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A Review of Vietnam’s Fintech Industry in 2019
As of September 30, Vietnam ranked second in ASEAN in terms of fintech funding, attracting 36% of the region’s fintech investment in 2019, second only to Singapore (51%), according to a joint report by PricewaterhouseCoopers (PWC), United Overseas Bank (UOB),
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Vietnam’s Sendo Completes Financing Round of US$ 61 Million
Sendo, Vietnam’s leading C2C e-commerce marketplace, has announced that it has successfully secured an investment of USD 61 million in its Series C financing round, which represents the largest for the Company to date. Sendo had previously raised a USD
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Ripple Partners SBI Remit to Launch Blockchain Remittance Between Japan and Vietnam
SBI Ripple Asia Co., Ltd. and SBI Remit Co., Ltd., an international money transfer service business operator announced that the companies have started the first Japan-Vietnam money transfer service in real currency utilizing DLT, with a Vietnamese bank, Tien Phong
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