mobile transactions in vietnam to grow by three times by 2025

Mobile transactions in Vietnam to grow by three times by 2025

Mobile transactions in Vietnam are expected to increase by 300 per cent between 2021 and 2025, led by strong growth in mobile payments, as revealed in the second edition of the Fintech and Digital Banking 2025 (Asia-Pacific) IDC InfoBrief, commissioned by Backbase.
bold new approach for digital banking

Bold new approach for digital banking 

The State Bank of Vietnam (SBV) in late 2020 issued Circular No.16/2020/TT-NHNN amending Circular No.23/2014/TT-NHNN guiding the opening and use of payment accounts at payment service providers, which is one of the prominent legal documents issued to promote the transformation and development of cashless payments. 
timo wins fastest growing and most innovative digital banking awards

Timo wins Fastest Growing and Most Innovative Digital Banking awards

Timo - a leading non - conventional bank in Vietnam and beyond with a digital-first mindset - has achieved a remarkable double first at The Global Economics Awards categories, becoming the Fastest Growing Digital Bank and Most Innovative Digital Bank in its ongoing digital banking transformation.
be group partnering up with vpbank to launch cake digital bank

Be Group partnering up with VPBank to launch Cake digital bank

Be Group (the developer of Be ride-hailing app) and VPBank have officially introduced Cake digital bank, a new solution for e-banking. This is the first time that a digital bank will appear on the interface of a ride-hailing app in Vietnam.
citi vietnam gets certificate of merit from pm for digital banking innovation

Citi Vietnam gets Certificate of Merit from PM for digital banking innovation

Citi Vietnam has just been awarded a Certificate of Merit by the Vietnamese prime minister for its achievements in digital banking in Vietnam. It also recognised Citi’s role in supporting the development of the Vietnamese banking system and economic progress in the country.
timo plus digital bank is officially launched in a strategic parnership with viet capital bank

Timo Plus Digital Bank is officially launched in a strategic parnership with Viet Capital Bank

Timo held the launching ceremony for its official partnership with Viet Capital Bank, announcing its new name, Timo Plus.
citi vietnam named best corporate digital bank 2020 by global finance

Citi Vietnam named Best Corporate Digital Bank 2020 by Global Finance

Citi Asia-Pacific’s leadership and excellence in digital banking has been recognised in the first round of Global Finance’s 2020 World’s Best Digital Banks Awards.
renewing vng after mistaken banking foray

Renewing VNG after mistaken banking foray

Vietnam’s first unicorn business could be tested on how it can ride out the bumps and find new growth potential, especially since its digital banking project failed to obtain a legal licence, it saw massive losses in e-commerce platform Tiki, and has hesitated to file for an initial public offering.
mobile transactions in vietnam expected to increase by 400 per cent by 2025

Mobile transactions in Vietnam expected to increase by 400 per cent by 2025

Mobile transactions are expected to experience 400 per cent growth in the next five years, according to the Fintech and Digital Banking 2025 report by Backbase and IDC.
hdbank reports impressive growth in 2019 on journey to become a happy digital bank

HDBank reports impressive growth in 2019 on journey to become a Happy Digital Bank

With upbeat business results, Ho Chi Minh City-based commercial lender HDBank has marked 30 years of strong growth, affirming the position as a leading bank with high and sustainable growth, ensuring safety and quality every year, yet always being proactive in social welfare activities.
the evolution of competitiveness in the digital banking environment

The evolution of competitiveness in the digital banking environment

It is a common narrative in some circles: established banks are dinosaurs about to be disrupted. This story seems intuitive because it echoes the disruption we have seen in other industries, from the way that new players moved shopping online in the 1990s, to the way the music and video industries were disrupted by streaming.
vietnam committed to opening door in service sector

Vietnam committed to opening door in service sector

Vietnam is committed to opening door for foreign investors, especially in the field of services, according to the roadmap in signed bilateral and multilateral free trade agreements.
compliance risk blocking banks from going digital

Compliance risk blocking banks from going digital

While digital transformation has become an inevitable trend for development in today’s modern world, compliance risk, however, might pose remarkable hurdles to banks wishing to go digital.
citi named asias best digital bank by euromoney

Citi named Asia’s best digital bank by Euromoney

The Asia franchise of Citi was recently recognised as the region’s best digital bank by Euromoney, a leading publication for the global banking industry, in its 2019 Awards for Excellence programme.
building trust critical for digital banking development

Building trust critical for digital banking development

Digital banking is inevitable for Vietnamese banks and building trust is critical in the development of the new business model, experts said at a conference on Friday.