Tagged: vietnam

February 10, 2020 @ 1:51 am By Omar Faridi  |  

London-headquartered Paysend, an international funds transfer company, has confirmed the launch of its money transfer services in Australia. Paysend’s services can now be used in the $1.3 trillion economy to send funds to companies located abroad. The firm said that China, India, and Vietnam are… Read More

February 5, 2020 @ 9:11 am By JD Alois  |  

Twino and Via SMS, two Latvia based online lending platforms, are joining forces to enter the Asia-Pacific market, according to a release. The two companies are launching a consumer lending platform names Vamo in Vietnam as their first step in the new venture. The two… Read More

February 2, 2020 @ 4:43 pm By Omar Faridi  |  

Digital payments and online lending are becoming increasingly popular in Asian countries. According to a new survey, a large number of Asia-based users are conducting internet-based transactions, instead of visiting physical bank locations. The recent survey of Fintech customers by Robocash Group revealed that nearly… Read More

January 21, 2020 @ 12:09 pm By Omar Faridi  |  

UK-headquartered FTMarkets, a foreign exchange established in 2005, recently introduced its trading platform in Vietnam, allowing the residents of the Asian nation to download applications and perform foreign exchange transactions. FTMarkets provides investors MT4 and APP platforms for conducting trades and it doesn’t charge clients… Read More

December 11, 2019 @ 7:15 pm By Omar Faridi  |  

Fintech companies in Vietnam acquired $410 million, or 36% of the total global capital invested into Southeast Asia’s economies between January and September of this year, which is right behind Singapore. Vietnam’s market share of regional VC funding allocated to Fintech-related projects increased from only… Read More

November 7, 2019 @ 8:12 am By Omar Faridi  |  

Vietnamese Tien Phong Commercial Joint Stock Bank (TPBank) has reportedly teamed up with American Fintech Ripple, in order to join RippleNet, a decentralized network of financial institutions and service providers that allows users to conduct quick and cheap international transactions. Notably, TP Bank was among… Read More

October 16, 2019 @ 10:31 am By Omar Faridi  |  

Southeast Asia’s internet and e-commerce economy is growing steadily due to the widespread use of mobile phones. The region’s middle class has also been growing, according to a recent report compiled by Google, Temasek and Bain & Company. Published earlier this month, the e-Conomy SEA… Read More

August 29, 2019 @ 9:08 am By Samantha Hurst  |  

Flywire, a U.S.-based fintech firm that provides global payment and receivables solutions for education, healthcare, and commercial enterprises, announced on Thursday it has formed a new partnership with Vietnam-based banking group VPBank for International Tuition Payments for Vietnamese students. Flywire reported that through the partnership… Read More

April 29, 2019 @ 12:26 pm By Samantha Hurst  |  

Citi Treasury and Trade Solutions announced last week it has formed a strategic partnership with Vietnam-based intermediary payment service provider Payoo to facilitate consumer-to-business collections for corporate clients in the country. Citi reported that under the partnership, its corporate clients in Vietnam will be able… Read More

March 24, 2019 @ 6:04 am By JD Alois  |  

KRONN Ventures AG, a Switzerland based blockchain focused company, has signed a memorandum of understanding(MOU) with Linh Thanh Group, for the “production of cryptocurrency and the establishment of cryptocurrency exchange” in Vietnam. According to a release, the group has received a license from regulators to… Read More

December 14, 2018 @ 9:05 am By Samantha Hurst  |  

PaySend, a UK-based global payments platform, has formed a new partnership with Vietcombank Remittance Company (VCBR). This news comes less than six months after PaySend secured $20 million through its latest funding round, which was led by investment firm MARCorp Financial.  According to Finextra, the partnership between PaySend and… Read More

September 5, 2018 @ 9:35 am By Cali Haan  |  

Officials from The   (BOL) have urged Laotians to  “think carefully” before investing in cryptocurrencies in Laos’s unregulated markets, Vientiane Times (VT) reports. BOT officials were reportedly moved to issue the notice after seeing local advertisements soliciting citizens to buy, sell and use cryptocurrencies.. An official who spoke… Read More

August 6, 2018 @ 10:24 pm By Cali Haan  |  

Investors alleging that the CEO of Sky Mining, Le Minh Tam, defrauded them of $36 million dollars are continuing their fight for restitution, this time in the form of a petition at Change.org. The petition lists Tam’s passport number and claims he solicited contributions of… Read More

July 31, 2018 @ 11:28 pm By Cali Haan  |  

Another high profile crypto rip off in Vietnam may have further imperiled the nascent sector there. According to VN Express, 20 investors have filed a complaint with the Vietnamese police claiming that the CEO of a cryptocurrency “cloud mining” scheme called Sky Mining has defrauded them… Read More

July 19, 2018 @ 10:20 pm By Cali Haan  |  

Online publication Vietnam News is reporting that the Government of Vietnam has moved one step closer towards banning crypto mining machine imports in the country. The move comes after the State Bank of Vietnam (SBV) agreed to support a proposal from the Vietnamese Ministry of… Read More

June 7, 2018 @ 6:59 pm By Cali Haan  |  

In a gesture that may show poor understanding of crypto generally, the Vietnamese Ministry of Finance has proposed a temporary ban on imports of crypto mining equipment to the country. According to the Hanoi Times, the Ministry gave two reasons for the proposal. First, “The act… Read More

May 25, 2018 @ 7:55 am By JD Alois  |  

Huobi.Pro, a cryptocurrency exchange, says it wants to make Vietnam a strategic fortress. The comments came during a keynote speech at the Blockchain Festival Vietnam. Huobi claimed an annual turnover of $850 million in 2017 – so it is pretty big. While some jurisdictions have… Read More

April 25, 2018 @ 9:29 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) and the State Bank of Vietnam (SBV) have agreed to form a new partnership to encourage Fintech innovation while simultaneously strengthening cooperation in banking supervision. MAS has signed numerous bilateral Fintech agreements with many different jurisdictions. The strategy has… Read More

March 19, 2018 @ 4:15 pm By Samantha Hurst  |  

UK-based fintech Finastra announced last week it was selected by the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) to drive its digital transformation initiatives. Finastra reported its technology will streamline and automate Vietcombank’s operational processes and improve overall customer experience to enhance… Read More

November 14, 2017 @ 3:10 pm By Samantha Hurst  |  

Australia-funded Mekong Business Initiative has teamed up with the State Bank of Vietnam to launch Fintech Vietnam Challenge, which is described as a global call to local and international companies to proposed fintech solutions which will benefit Vietnam. The program’s description reads: “The Fintech Challenge Vietnam inventivizes adoption… Read More