Tagged: vietnam

November 5, 2023 @ 8:22 pm By Michael Wong  |  

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

September 10, 2023 @ 10:55 am By Michael Wong  |  

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

August 28, 2023 @ 10:12 am By Omar Faridi  |  

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

May 27, 2023 @ 4:49 pm By Omar Faridi  |  

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

May 1, 2023 @ 9:50 pm By Omar Faridi  |  

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

April 9, 2023 @ 6:59 pm By Omar Faridi  |  

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

March 21, 2023 @ 9:21 pm By Omar Faridi  |  

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

February 22, 2023 @ 9:30 pm By Omar Faridi  |  

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

October 24, 2022 @ 10:45 pm By Omar Faridi  |  

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

October 17, 2022 @ 9:47 pm By Omar Faridi  |  

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

October 3, 2022 @ 6:41 am By Omar Faridi  |  

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

August 31, 2022 @ 8:42 pm By Omar Faridi  |  

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

August 28, 2022 @ 6:58 pm By Omar Faridi  |  

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

June 17, 2022 @ 6:53 am By Omar Faridi  |  

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

May 26, 2022 @ 12:28 am By Omar Faridi  |  

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

May 10, 2022 @ 11:56 pm By JD Alois  |  

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

March 21, 2022 @ 9:48 pm By JD Alois  |  

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

February 28, 2022 @ 10:09 pm By Omar Faridi  |  

On February 25, 2022, within the official visit of Vietnamese President Nguyen Xuan Phuc to Singapore, HDBank signed a cooperation agreement with Thought Machine group – a core banking solution provider. In Vietnam, HDBank will be working with Thought Machine to “develop the latest version… Read More

February 11, 2022 @ 7:01 pm By Tony Zerucha  |  

Infina, a retail investing app focused on Vietnam, this week announced they have closed a $6 million seed funding round from investors such as Sequoia Capital India’s Surge, Y Combinator, Saison Capital, Starling Ventures, Alpha JWC, and AppWorks. Additional investors who have backed Robinhood, Coinbase,… Read More

February 10, 2022 @ 10:08 pm By Omar Faridi  |  

Rino, the newly-launched startup founded by Trung Thanh Nguyen, has finalized a $3M pre-seed round in order to accelerate the firm’s blueprint for 10-minute instant delivery by “setting up dark stores and building its own logistics units beginning with Ho Chi Minh City.” Trung Thanh… Read More