Tagged: vietnam

Backbase Engagement Banking Platform Leveraged By OCB to Launch Modern Financial Services

Backbase, the global enabler of Engagement Banking, Orient Commercial Joint Stock Bank (OCB), a private bank in Vietnam, together with SmartOSC, the digital enabler, announce the go-live of the Backbase Engagement Banking Platform to launch OCB’s OMNI 4.0 app. The OCB OMNI 4.0 version reportedly… Read More

Investment Platform TWINO Announces Suspension of Lending Operations in APAC Region

Investment platform TWINO is announcing the suspension of lending operations in the Asia-Pacific region. TWINO says that it is reaching out to provide clients “with an important update regarding TWINO Group’s lending operations in Vietnam and the Philippines, part of the joint venture with VIA… Read More

South Korea’s JB Financial Group Acquires Stake in Vietnamese Investing App Infina

JB Financial Group announced plans to acquire a minority stake in Vietnamese retail investing application Infina, marking a strategic move to bolster the customer base of its securities affiliate in the fast-growing Southeast Asian market. Under the terms of the strategic partnership, JB Financial will… Read More

Vietnamese Consumers Prefer Digital Banking, Modern Payment Methods

A recent study conducted by the United Overseas Bank (OUB) suggests that Vietnamese consumers are increasingly turning to digital banking and modern payment methods, with convenience and speed as among the major factors cited for the preference. The report, “ASEAN Consumer Sentiment Study”, indicates a significant… Read More

VPBank Secures $300m Loan from US International Development Finance Corporation

Vietnam Prosperity Joint Stock Commercial Bank (VPBank) and the US International Development Finance Corporation (DFC) signed a commitment letter for a bilateral loan valued at $300 million. The loan, with a tenure of seven years, is primarily targeted at enhancing financial accessibility for small- and… Read More

Southeast Asia: Regional Payment Connectivity Expansion to Include State Bank of Vietnam

The State Bank of Vietnam (SBV), the central bank of Viet Nam, has officially joined the Regional Payment Connectivity (RPC) initiative. This recent development is “an expansion of the Memorandum of Understanding on Cooperation in Regional Payment Connectivity (MOU RPC) that was initiated by the… Read More

Fintech MoMo Offers Flexible Payment Options for Apple Store Online Purchases in Vietnam

MoMo, which claims to be one of Vietnam’s leading fintech companies, recently announced that it now offers customers of Vietnam’s Apple Store Online flexible payment options, “with the launch of monthly Instalments for Apple Store Online.” With this new feature, Vietnamese customers will “have the… Read More

Vietnam: Techcombank, Personetics to Help Consumers Improve Financial Well-Being

Vietnam Technological and Commercial Joint Stock Bank (Techcombank)  announced a new partnership with Personetics, the firm focused on financial data-driven personalization and customer engagement for financial services, in order “to introduce artificial intelligence (AI)-powered money management capabilities.” The cost-of-living crisis “has been impacting consumers in… Read More

Engagement Banking Firm Backbase Teams Up with Vietnam’s An Binh Bank

Backbase, the global fintech focused on Engagement Banking, has partnered An Binh Bank (ABBANK) to transform the banking experiences “for millions of Vietnamese customers.” Supported by their local partner CMC Technology and Solution, Backbase will deliver the full suite of the Engagement Banking Platform, “which… Read More

Vietnam: Western Union Money Transfers Now Available on MoMo App

Western Union (NYSE:WU) and MoMo announced a strategic collaboration “enabling customers to receive Western Union money transfers on the MoMo app.” It is reportedly the “first” time a money transfer operator’s services “have become available on a leading super app in Vietnam.” Key insights from… Read More

Vietnam-based Fintech GIMO Reaches First Close of Series A at $5.1M

Vietnam’s Fintech start-up GIMO has announced the first close of its Series A funding with a US$5.1 million investment “led by TNB Aura.” Other investment firms joining the investment round “are returning investors including Integra Partners, Resolution Ventures, Blauwpark Partners, ThinkZone Ventures, and Y Combinator.”… Read More

BNPL: Vietnam’s Fundiin Secures $5M via Series A Round

BNPL Fintech firm Fundiin has secured $5 million in capital via a Series A round that was recently co-led by Trihill Capital and ThinkZone Ventures. The funds from the investment round should assist Fundiin with expanding at a quicker pace and enter Indonesian markets in… Read More

Insurtech Igloo, Shopee, Bao Viet Introduce Home Content Insurance in Vietnam

Regional Insurtech Igloo, in partnership with e-commerce giant Shopee, introduced Home Content Insurance in Vietnam, the “first” comprehensive protection solution “for indoor assets, against unexpected events such as natural disasters and fire in the platform.” The Home Content Insurance is “underwritten by Bao Viet Insurance,… Read More

Buy2Sell B2B Platform, Mastercard Enable Cross-Border Payment Solutions in Vietnam

Buy2Sell, an e-commerce platform in Asia, has announced a new strategic partnership with Mastercard (NYSE: MA). The announcement is “the result of a longstanding relationship where Buy2Sell will enable multiple payment types to a variety of delivery channels via a single connection through Mastercard Cross-Border Services.”… Read More

Surecomp, BIDV to Improve Trade Finance in Vietnam

Surecomp announced that the Joint Stock Commercial Bank for Investment and Development of Vietnam, commonly known as BIDV, has “gone live with its DOKA-NG™ and allNETT™ solutions to fully digitize trade finance processing.” Supported by local partner, CMC Technology and Solution (CMC TS) in Vietnam,… Read More

Fintech Firm DongPlus from Vietnam Joins PeerBerry platform

Fintech company DongPlus launched by Aventus Group in Vietnam in 2021 joins the PeerBerry platform. DongPlus will “offer PeerBerry investors to invest in short-term loans with a 12% annual return.” Vietnamese loans are “backed by a buyback and a group guarantee.” Arūnas Lekavičius, CEO of… Read More

Banking Infrastructure Provider Episode Six Announces Partnership with Vietnam’s Galaxy FinX

Episode Six, a global payment and banking infrastructure provider, announced a new relationship with Galaxy FinX, Vietnam’s Fintech builder that is “re-shaping” the future of money and banking in the country. The deal “represents two firsts for Episode Six: a partnership in Vietnam as well… Read More

Insurtech: bolttech Teams Up with Viettel Telecom in Vietnam to Introduce Insurance via their Mobile App

International Insurtech, bolttech, has announced its partnership with one of Vietnam’s telecommunications network operators, Viettel Telecom. The partnership launches an insurance offering, “powered by bolttech’s insurance exchange platform, on Viettel’s customer app MyViettel with products including health, travel, home, car, and motorbike.” bolttech has cooperated… Read More

Funding Societies Expands into Vietnam

Funding Societies, a Singapore-based digital finance platform, has launched in Vietnam today. This is Funding Societies 5th Asian market. Funding Societies provides smaller firms with access to capital with a credit marketplace. To date, Funding Societies has originated S$3.16 billion with just a 1.26% default… Read More

Vemanti Group Will Launch Digital Bank in Vietnam

Vemanti Group (OTCQB: VMNT) has signed a 10-year agreement with Vietnam Public Joint-stock Commercial Bank (PVcomBank) to launch one of the first SME digital banking platforms in Vietnam. Vemanti says it will utilize cloud computing, API, automated KYC/AML, Artificial Intelligence, Machine Learning, and blockchain technologies… Read More

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