Fintech groups and banks linking up for new payment partnerships

Fintech groups and banks linking up for new payment partnerships

Vietnam’s payment fintech landscape is witnessing a surge in partnerships between foreign giants like Apple Pay and local banks, while local payment apps are teaming up with international firms, signalling promising growth prospects for the digital payment sector.
Vietnam to allow banks to use foreign e-wallets for int’l payments

Vietnam to allow banks to use foreign e-wallets for int’l payments

The State Bank of Vietnam is drafting a circular regarding cashless payments which might allow domestic commercial banks and domestic intermediary payment companies to co-operate with foreign intermediary payment companies to provide international payment services.