Vietnam

Vietnam Officially Joins ASEAN’s Regional Payment Connectivity

The central bank of Vietnam has officially joined the Regional Payment Connectivity (RPC) initiative to make cross-border payments faster, cheaper as well as more transparent and inclusive. The RPC initiative, encompassing several modalities including QR-code and fast-payment based cross-border payments,

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KASIKORNBANK in Talks to Buy Home Credit Vietnam for US$1B

Thailand’s KASIKORNBANK (KBank) is reportedly mulling the acquisition of consumer finance provider Home Credit Vietnam for up to US$1 billion, according to a Reuters report citing two sources. The bank has spoken with financial advisors, however, a final decision has

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Vietnam’s Fintech Emerges as Most Funded Sector With a 249% Surge

In 2022, financial services emerged as the most funded startup sector in Vietnam, accounting for 38% of all venture capital (VC) investment secured by the country’s tech companies, a new report by Do Ventures and the Vietnam National Innovation Center

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Apple Pay Now Available in Vietnam Through Visa

Payment giant Visa announced that it has made Apple Pay available to its users in Vietnam in a push for cashless payments in the country. Major banks such as Asia Commercial Joint Stock Bank (ACB), Military Commercial Joint Stock Bank

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Vietnam’s OCB to Fully Digitise Customer Journeys with Backbase and SmartOSC

Vietnam’s Orient Commercial Joint Stock Bank (OCB) has selected digital banking software provider Backbase to power its omnichannel banking modernisation efforts. OCB is Backbase’s fifth customer in the country. With the implementation of Backbase’s Engagement Banking Platform (EBP), OCB will

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Vietnam’s Earned Wage Access Firm GIMO Raises US$17.1M to Fuel Expansion

Vietnam-based earned wage access startup GIMO announced that it has closed its US$17.1 million Series A funding round five months after the company secured US$5.1 million in the first close. The final closing comprised both equity and debt financing. The

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Opportunities Lie Ahead for Swiss Fintech Startups in Vietnam

In Vietnam, rising demand for digital financial solutions, supportive policies and government initiatives to nurture fintech innovation are providing tremendous opportunities which Swiss fintech players should tap into, a new Vietnam Fintech report by Switzerland Global Enterprise (S-GE) says. The

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ZaloPay Becomes First Vietnamese E-Wallet to Partner with Shopify

ZaloPay announced that it has become the first Vietnamese e-wallet provider to partner with Shopify, an e-commerce company headquartered in Canada. Through this partnership, ZaloPay and Shopify aim to promote the “brand.com website model” in Vietnam. This model helps businesses build

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UOB’s FinLab Officially Launches in Vietnam

UOB’s innovation accelerator The FinLab has officially launched in Vietnam where it aims to engage 5,000 local businesses over the next three years through its digitalisation and sustainability initiatives. The UOB FinLab held its inaugural programme yesterday (13 June) in

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OpenWay Sets up Its Second Hub in Vietnam

Global payments software provider OpenWay has expanded its presence in Asia with the opening of a new hub in Ho Chi Minh City, Vietnam. This latest addition marks OpenWay’s second hub in Vietnam besides the one in Hanoi. OpenWay has

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