Vietnam Newsletter

Vietnam

Vietnam Based Fintech Anfin Raises US$ 1.2 Million in Seed Funding

Vietnam-based Anfin, a fintech firm with its proprietary stock trading platform, announced today that it has raised US$1.2 million in a seed round led by Goodwater Capital and Global Founders Capital (GFC) – the latter coming in as a returning

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Vietnamese E-Wallet MoMo Joins Unicorn Club With US$200 Million Series E

Vietnamese e-wallet M-Service which operates under the MoMo brand announced it has raised US$200 million Series E in a funding round that was led by Mizuho Bank, a subsidiary of Mizuho Financial Group. With this latest fundraise, MoMo is now

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CIMB Bank Vietnam and F88 Form Partnership to Boost Financial Inclusion

Lending platform F88 Business has entered into a new strategic partnership with CIMB Bank Vietnam to promote financial inclusion to the unserved and underserved sector of the economy. According to the latest figures from the General Statistics Office (GSO), Vietnam

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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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2C2P Forges Partnerships in Vietnam and Cambodia in Expansion Push

2C2P a payments platform today announced new partnerships in Vietnam and Cambodia to expand its Thai cross-border remittance service, easy2send. In Vietnam 2C2P will team up with Sai Gon Joint Stock Commercial Bank (SCB), one of Vietnam’s top five joint

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Vietnam’s Digibank ÜBank Leverages Backbase to Roll out 50 New Features in a Month

Übank, Vietnamese digital bank powered by VPBank, has partnered with digital banking software provider Backbase to leverage its cloud solution to enhance the bank’s mobile banking experiences and offerings. The digital bank reportedly managed to release of nearly 50 new

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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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