NextTech Group and Ngan Luong Intermediate Payment Gateway JSC have invested over VND150 billion (US$6.4 million) to BOXME to expand its operation Viet Nam.
Foreign investors have poured into Viet Nam’s e-wallet sector as they huge growth potential in the market in the wake of the Government’s plan to reduce cash payments to below 10 per cent of the total by 2020.
The Ministry of Industry and Trade''s Viet Nam E-Commerce and Information
Technology Agency (VECITA), has said that total sales for the
e-commerce sector have soared to US$2.2 billion in 2013, a growth rate
of 300 per cent compared to that in 2012.
Ngan Luong, a member company of pioneering Vietnamese e-commerce group,
Peace Soft Solutions Corporation, seized the Red Herring 100 Asia award
with its mobile payment solution MobiPay in Hong Kong last week.
