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Vietnam cashless spending up 39 percent

Vietnam cashless spending up 39 percent

Spending via Visa credit and debit cards last year surged 39 percent year-on-year as Vietnamese consumers became less dependent on cash.
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
Vingroup unit licensed to offer e-wallet services

Vingroup unit licensed to offer e-wallet services

Vingroup’s loyalty program VinID has been permitted to operate e-wallet services, furthering the private conglomerate’s foray into cashless payment.
September 24, 2019 | 04:00 am 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
Ride-hailing firm Grab plans major investment in Vietnam

Ride-hailing firm Grab plans major investment in Vietnam

Ride-hailing firm Grab is set to invest “several hundred million dollars” in Vietnam where the company sees its next major growth market.
August 25, 2019 | 05:55 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
Go-Viet headhunts managers, set to launch online payment

Go-Viet headhunts managers, set to launch online payment

Ride-hailing firm Go-Viet is looking for as many as 16 senior leaders for existing operations and a new online payment service.
July 9, 2019 | 04:00 am PT
E-wallet firms tussle for bigger slice of the pie

E-wallet firms tussle for bigger slice of the pie

Recent mergers and acquisitions in Vietnam’s fintech industry indicate a strategic fight for e-wallet market share.
June 19, 2019 | 05:13 am PT
Tax incentives can speed up cashless payment in Vietnam

Tax incentives can speed up cashless payment in Vietnam

Vietnamese banks are proposing tax incentives for businesses adopting e-payments as a way to boost cashless payments.
May 2, 2019 | 01:39 am PT
Vietnam tops world in growth of mobile payment users

Vietnam tops world in growth of mobile payment users

The number of Vietnamese people making mobile payments in stores this year has grown fastest globally by 24 percent.
March 19, 2019 | 05:03 am PT
E-payment continues to go mainstream in globalizing Vietnam

E-payment continues to go mainstream in globalizing Vietnam

Electronic payments are becoming more and more common in Vietnam, according to Visa.
September 19, 2018 | 11:56 pm PT
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