Vietnam Newsletter

Vietnam

Vietnamese Digital Bank Cake Taps Mambu’s Cloud Platform to Scale Its Operations

Vietnamese digital bank Cake announced that it has selected cloud banking platform Mambu to scale its business towards offering a full suite of digital banking services. Launched in January 2021, Cake is a collaboration between Be Group, the organisation behind

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Indonesian BNPL Kredivo Begins SE Asian Expansion Plans with Vietnamese Launch

Kredivo, an Indonesian Buy Now, Pay Later (BNPL) platform, announced its expansion into Vietnam through a joint venture with Phoenix Holding, a family investment company based in the country. This move comes on the heels of the announcement by FinAccel,

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Visa Makes It Easy to Receive Funds in Vietnam From Abroad

Visa has partnered with Vietnam banks to make it easier for Visa debit cardholders to receive inbound remittances using MoneyGram and Remitly. Powered by Visa Direct, cardholders will receive the funds directly to their accounts in near real-time. Vietnam is

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Vietnamese Digital Bank Timo Taps Mambu’s Cloud Banking Platform

Vietnamese digital bank Timo announced that it is partnering with SaaS cloud banking platform Mambu to leverage the benefits of a cloud native core banking platform to significantly scale its business. Timo said that its “collaboration with both Mambu and

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Fintech Innovation Key to Improving Financial Awareness and Accessibility in Vietnam

A recent study of 2,000 global consumers by Mambu, a banking and financial services platform, revealed that both banked and unbanked individuals feel underserved, with 56% of banked customers claiming that there are other services they should be able to

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Mobile Transactions in Vietnam Projected to Surge 300% In the Next 5 Years

Between 2021 and 2025, mobile transactions in Vietnam are expected to surge 300% as Vietnam continues to leapfrog into the mobile channel, a new report by IDC and Backbase found. The second edition of Fintech and Digital Banking 2025 Asia

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Vietnam’s Prime Minister Calls for Pilot of Central Bank Backed Digital Currency

Vietnam’s Prime Minister Pham Minh Chinh is asking the State Bank of Vietnam (SBV) to study and carry out a pilot implementation for a digital currency powered by blockchain technology in the 2021-2023 period. The surprise move came in the

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Tackling Issues With Tech: A Look Into the Vietnam Proptech Industry

Last year, we saw movement restrictions causing office rents to plummet across Southeast Asia. As the region’s economies entered recession, consumer discretionary spending fell as many opted to wait out the economic storm. While office rents fell in Singapore, Bangkok

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AIA Vietnam to Offer Life and Health Insurance via Tiki’s e-Commerce Platform

AIA Vietnam and e-commerce platform Tiki has formed a 10-year agreement for an expansion of their financial services offerings. Under this agreement, AIA Vietnam will become Tiki’s exclusive insurance partner, enabling its customers to gain access to life and health

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Techcombank Ramps up Digitisation Efforts With Backbase Partnership

The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has chosen digital banking software provider Backbase to accelerate the digitalisation of its retail and corporate omni-channel engagement. Techcombank will leverage Backbase’s platform to innovate and design new digital financial services experiences

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