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Vietnam’s Digital Finance Landscape: Banks Gain Ground Amidst Shifting Competition

Fintech News

In Q4 2022, Moca by Grab ranked as the sixth most used digital financial platform in Vietnam with an 8% penetration rate, results from a survey of more than 1,500 consumers reveal. However, by Q4 2023, Moca had slipped out of the top rankings, replaced by mobile apps from traditional banks.

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