Vietnam

30 Non-Bank Organizations Licensed To Provide 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 Fintech Ride Hailing Market: Grab Goes Consumer Finance / Go-Viet Needs Payment License

Vietnam’s fintech sector is heating up as Singapore’s “super-app” Grab looks to staff up its financial services division in the country, hinting at plans to launch a lending offering soon. Grab introduced its postpaid service PayLater earlier this year for

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Vietnam’s Digital Bank Timo Celebrates Its Third Birthday

Three years have passed since Lifestyle Project Management and Vietnam Prosperity Joint Stock Commercial Bank (VPBank) launched Timo, the country’s first bank that has no traditional branches or transaction offices. Formed in March 2015, Timo officially opened its doors in

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Key Takeaways From Vietnam’s Startup Ecosystem

A new book exploring Vietnam’s startup ecosystem was released earlier this month, detailing an American entrepreneur’s experience in supporting, and working with Vietnamese entrepreneurs across the nation. The book aims to capture the successes of and challenges facing Vietnam’s youth, local

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Two Vietnamese Payments Startups are Merging and Raising US$30 Mil in Funding

Two Vietnamese payments startups, Vimo Technology and Vietnam MPOS Technology have merged to form a brand new entity NextPay according to Bloomberg. Vimo Technology operates a mobile wallet provider, while Vietnam mPOS Technology, as the name suggests, operates a portable

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New Vietnam Fintech Startup Map Showcases Vietnam’s Growing Fintech Landscape

With a growing middle class, rising Internet penetration, and a population of nearly 100 million people, most of whom are young and tech-savvy, Vietnam has all the needed characteristics to become a major fintech market. In the past years, the

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Citi Enters Partnership with one of the Hottest Fintechs in Vietnam

Citi Treasury and Trade Solutions announced a strategic partnership with Vietnam-based intermediary payment service provider Payoo to facilitate consumer-to-business collections for corporate clients in the country. Under the partnership, Citi’s corporate clients in Vietnam will be able to receive real-time

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Vietnam’s Deputy Prime Minister Says It Will Be Piloting P2P Lending Soon

Deputy Prime Minister Vuong Dinh Hue announced during a ministerial meeting recently that the Vietnamese government will soon issue a decision to allow a pilot implementation of peer-to-peer (P2P) lending before officially developing a regulatory framework for the new fundraising

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13 Hottest Fintech Startups in Vietnam

Fintech continues its momentum in Vietnam with local startups gaining significant traction from foreign investors. These raised a record of US$117 million in 2018, the maximum funding in Vietnamese startups for that year. Vietnam’s rapidly evolving fintech sector has been largely

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5 of Vietnam’s Top Funded Fintechs

Fintech development is accelerating in Vietnam with companies in the sector attracting US$117 million last year, the maximum funding in Vietnamese startups in 2018. Fintech surpassed e-commerce at US$104 million and other sectors, according to funding data by local accelerator

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