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

Fintech News

These incumbents had made a strong entry, collectively achieving a 23% penetration rate and securing the fifth position, the data show. Top digital financial platforms in Vietnam by penetration rate (%), Source: The Connected Consumer Q4 2023, Decision Labs, 2024 This came amid the entry of Apple Pay in the Vietnamese market in August 2023.

Finance 114
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Visa Reinvents the Card, Unveils New Products for the Digital Age at Visa Payments Forum CEMEA 2024

Fintech Finance

Now people can easily set parameters or choose whether they use debit, credit, “pay-in-four” with installments, reward points or even pay in another currency. Micro-merchant Acceptance: Allows money transfer from consumer to merchant through smartphone devices. Click to Pay is available in CEMEA today.

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13 Southeast Asian Fintechs Among CNBC’s Global Top 250 List

Fintech News

The company offers innovative digital financial services aimed at empowering local and regional micro, small, and medium enterprises (MSMEs). The company’s platform integrates these services into a single entry point on the Grab app, catering to consumers who prefer accessing all their digital financial services on one integrated platform.

FinTech 132
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Everything You Need To Know About What Amazon Is Doing In Financial Services

CB Insights

To compete, Amazon is investing in product including hiring product managers for devices solutions, which could see Alexa move from the home and office, and into brick-and-mortar or point-of-sale POS. Its first entry point in the market was in payments in October 2014. Amazon Go: Amazon’s secret payments weapon?

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24 Industries & Technologies That Will Shape The Post-Virus World

CB Insights

Businesses that had not already incorporated contactless payment options into their point-of-sale (POS) systems prior to Covid-19 have moved to do so. In May 2020, micro-investing app Acorns followed suit, adding a Spend Account alongside its investment and retirement products. Source: Recorded Future.

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