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Two-year trial of mobile money gets underway in cash-crazy Vietnam

Two-year trial of mobile money gets underway in cash-crazy Vietnam

Vietnamese authorities have begun a two-year trial of mobile money as they seek to reduce the use of cash.

Fintech firm NextPay seeks to raise $100 mln

Fintech firm NextPay seeks to raise $100 mln

E-payment company NextPay Holdings plans to raise up to $100 million in the first quarter next year via a private placement.

Southeast Asia's mobile payments face shakeout as market booms

Southeast Asia's mobile payments face shakeout as market booms

Just next to Ho Chi Minh City’s financial district, two dozen street vendors’ stalls display colorful adverts for e-wallets.

October 19, 2019 | 08:18 pm PT

Grab to pour $500 mln into Vietnam operations

Grab to pour $500 mln into Vietnam operations

Grab plans to invest $500 million in Vietnam in the next five years to expand its transport, food and payment networks.

August 27, 2019 | 08:18 pm PT

Central bank worried about high foreign ownership in fintech firms

Central bank worried about high foreign ownership in fintech firms

Vietnam’s central bank is worried foreign ownership of up to 90 percent in large fintech firms could lead to market manipulation.

August 20, 2019 | 11:12 pm PT

Vietnam cashless transactions among lowest in ASEAN

Vietnam cashless transactions among lowest in ASEAN

Cash transactions remain highly popular in Vietnam compared to other ASEAN countries as it has low banking penetration.

May 12, 2019 | 08:50 pm PT

HCMC schools, hospitals to accept cashless payment

HCMC schools, hospitals to accept cashless payment

The HCMC administration has instructed all schools, hospitals and many others to accept non-cash payments when collecting fees.

May 9, 2019 | 08:10 pm PT

Vietnamese consumers using less cash, more cards: study

Vietnamese consumers using less cash, more cards: study

Vietnamese consumers are carrying less cash as they use credit and debit cards more frequently, a new study says.

March 24, 2019 | 05:31 pm PT

Businesses have long wait to cash in on cashless Vietnam

Businesses have long wait to cash in on cashless Vietnam

Vietnam’s far away from becoming a cashless society, given low financial literacy and the lack of an ecosystem, experts say.

January 15, 2019 | 05:11 pm PT

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