Both foreign and domestic fintech firms are promoting connections with commercial banks to lend unsecured loans to individuals, and small and micro enterprises as demand for consumer and business loans at the end of the year is rising.
CIMB Bank Vietnam and Toss, Korea’s first fintech unicorn, have joined hands to launch a co-branded virtual card aimed at building an active community for the young generation and bringing fintech closer to everyday life.
The State Bank of Viet Nam (SBV) announced it would remove regulations limiting foreign ownership in local intermediary payment firms from its draft decree 101.
Viet Nam is a promising market for fintech companies thanks to its young demographic, strong e-commerce growth, and growing smartphone and internet penetration, a conference heard in HCM City on Thursday.
Viet Nam jumped from the second least active startup ecosystem among the 6 largest ASEAN countries into No 3 in only 2 years from the first half of 2017 to the corresponding period of 2019, trailing behind only Indonesia and...
Viet Nam’s fintech market is estimated to increase from US$4.4 billion last year to $7.8 billion by 2020, driven by rising bank penetration, according to research of Solidiance.
The trend of non-cash payments and digitalisation in personal banking and the explosion of fintech firms in Viet Nam have placed banks ahead of many opportunities and challenges in fourth industrial revolution. Speaking to the media, Dr. Can Van Luc,...