Vietnam
Top 10 Investors in Vietnam Backing Emerging Fintech Startups
Over the past years, Vietnam has emerged into one of the fastest-growing fintech markets in Southeast Asia, amid growing customer adoption, sustained venture capital (VC) funding activity, and increased support from the government to foster innovation. In this burgeoning landscape,
Read MoreMomo’s 31 Million Users Can Now Receive Western Union Money Transfers
Vietnamese e-wallet M-Service which operates under the MoMo brand announced that it has enabled its customers to receive Western Union money transfers on its app. MoMo said in a press release that it is the first super app in Vietnam
Read MoreBryan Carroll Steps Down as CEO of Vietnamese Digibank TNEX
Vietnamese digital bank TNEX‘s CEO Bryan Carroll announced that he will be stepping down from his position and will stay on as a board member in a LinkedIn post. Carroll was one of TNEX’s co-founders in 2019 which is a
Read MoreJIVF Partners With OpenWay to Bolster Its Suite of Credit Offerings
JACCS International Vietnam Finance Company (JIVF) announced that it will be migrating to Way4, a digital payments platform from OpenWay to bolster its suite of consumer finance products. JIVF is a member of JACCS, which was founded in Japan in
Read MoreKASIKORNBANK Doubling Down on Vietnam Expansion Efforts
KASIKORNBANK (KBank) is doubling down on the expansion of its operations in Vietnam, setting its sights to achieve US$400 million in net income and a customer base of 8.4 million in Vietnam by 2027. The bank had already established a
Read MoreUOB Completes Citi’s Consumer Banking Acquisition Deal in Vietnam
UOB has finalised the acquisition of Citigroup’s consumer banking business which comprises its lending portfolios, wealth management and retail deposit businesses in Vietnam. The completion of the acquisition had also included the transfer of approximately 575 Citigroup related staff to
Read MoreTop 5 Most Well-Funded Fintechs in Vietnam 2023
Over the past years, Asia has emerged into one of the world’s leading fintech regions, recording the highest fintech revenues worldwide, data from Statista show. In the region, Vietnam is among the emerging fintech markets. Vietnam has seen its fintech
Read MoreVietnam Ditches Cash: More Consumers Opt for Cashless Payments
Cashless payments in Vietnam have seen rapid growth in popularity as a growing number of Vietnamese consumers seek more efficient and secure ways to manage their finances. From contactless card payments to mobile wallet transactions, the range of cashless options
Read MoreIn Vietnam, Rural Adoption Is the Driving Force for Cashless Payments
In 2022, cashless payments continued to see increased usage in Vietnam, carrying on a trend that accelerated with the COVID-19 pandemic. This trend is emerging at the expense of cash usage which continued its decline last year. In 2022, non-cash
Read MoreVietnam’s Earned Wage Access Firm GIMO Closes US$5.1 Million Series A
Vietnam-based earned wage access startup GIMO raised US$5.1 million in the first close of its Series A funding round led by TNB Aura. The round was joined by returning investors Integra Partners, Resolution Ventures, Blauwpark Partners, ThinkZone Ventures, and Y
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