Consumer finance in major tie-up tendency

Consumer finance in major tie-up tendency

The pandemic-triggered turbulence continues to gnaw at the consumer finance industry in Vietnam, but some players are exploring potential new approaches to the challenges, particularly from some international investors.
Incredible potential in reach for fintech

Incredible potential in reach for fintech

Fuelled by generous amounts of venture capital, Vietnam’s fintech landscape is flying high on Singaporean investors’ agenda, promising to offer more innovative customer value propositions than traditional banks.
Top insurance businesses adopting digital systems

Top insurance businesses adopting digital systems

As consumers now demand greater customer services, major foreign insurance companies operating in Vietnam are embracing digital channels as they believe seamless and enhanced experiences across multiple access channels are indispensable to success.
Vietnam set to reach mobile wallet penetration of nearly 55 per cent by 2025

Vietnam set to reach mobile wallet penetration of nearly 55 per cent by 2025

Vietnam is set to see rapid expansion in terms of mobile wallet usage with mobile wallet penetration to reach nearly 55 per cent by 2025.
MoMo acquires AI company Pique AI

MoMo acquires AI company Pique AI

MoMo acquired all intellectual property rights of Pique AI, a company providing AI solutions to personalise customer experience for digital businesses.
E-wallet groups take on losses to get ahead

E-wallet groups take on losses to get ahead

Despite offering more payment options and benefits like promotions to customers – which make e-wallets an attractive alternative to traditional payment methods – many of the present players are facing heavy losses in Vietnam.
Initiative protecting digital SME assets

Initiative protecting digital SME assets

Vietnam’s small- and medium-sized enterprises have been advised on and connected to assistance programmes and solutions to accelerate tech application in developing and protecting digital assets and product traceability through a United States Agency for International Development initiative.
Mobile money attempts to topple classic banking

Mobile money attempts to topple classic banking

The newly-launched mobile money pilot programme is expected to heat up competition for domestic players but also open collaboration opportunities to cash in on the niche market.
Startups expand with fresh funding and portfolios

Startups expand with fresh funding and portfolios

Despite the global recession, Vietnamese startups have still been attracting millions of US dollars from foreign funds in the beginning of 2021.
E-wallets' promotion programmes see less appetising

E-wallets' promotion programmes see less appetising

Luring in e-wallet users by plentiful promotion activities seems to be less attractive as the payment method still occupies for a small proportion.  
Patience needed for startup success

Patience needed for startup success

Under pandemic-induced restrictions, capital for startups has been tightened as investment funds struggle with adversity.
MoMo announced its completion of Series D funding round

MoMo announced its completion of Series D funding round

MoMo held a successful Series D capital mobilisation, with Goodwater Capital, Kora Management, and Macquarie Capital among the largest names.
E-wallet services to facilitate online payment convenience

E-wallet services to facilitate online payment convenience

While there have been issues relating to peer-to-peer and other digital lending and e-payments solutions in Vietnam as of late, one of the most advanced areas of fintech in the country currently is the increasing use of e-wallets.
MoMo on the road of being super app

MoMo on the road of being super app

MoMo is setting sights on becoming a super app, with the first step being the recent launch of its newest feature Du lich – Di Lai (Go travelling).
Alternative legal bases for VieON’s lawsuit on MoMo

Alternative legal bases for VieON’s lawsuit on MoMo

VieON has filed a lawsuit against e-wallet MoMo after having its contract terminated out of the blue, but while information is thin on the ground, communications from the over-the-top platform indicate it may have chosen a legal route harder to prove.
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