1. Overview of Fintech Development in Vietnam In Vietnam, Fintech is still in its early stages and underdeveloped due to the lack of a cohesive ecosystem among key stakeholders such as the government, financial institutions, Fintech companies, investment funds, and financial-telecom infrastructure. However, Fintech activities in Vietnam have seen rapid growth. The number of Fintech …

by vnfintech.admin

Based on the foundation of three major tools: advances in information technology, Big Data processing technology, the rapid development of e-commerce, and the digital economy, Fintech operates similarly to financial companies with specific characteristics. So, the current question is whether Fintech companies can be considered a new economic sector. Can they be considered financial institutions? …

by vnfintech.admin

In the ever-evolving world of fintech, problem-solving and innovation are key ingredients for success. One company, Rapyd, has found a unique way to encourage developers and fintech enthusiasts to sharpen their problem-solving skills. Through the Hack The Galaxy competition, Rapyd aims to foster creativity, educate developers about the potential in fintech, and provide an opportunity …

by vnfintech.admin

In the fast-paced world of fintech, staying ahead of the curve is crucial. One event that has become a highlight in the fintech calendar is Money20/20 Europe. Bringing together industry leaders, startups, and visionaries, this event offers unparalleled networking, brainstorming, and knowledge-sharing opportunities. In this article, we will delve into why Money20/20 Europe is a …

by vnfintech.admin

Visa, the global payments technology company, is on a mission to revolutionize the card industry with an array of groundbreaking product launches. Recently, at the annual Visa Payments Forum in San Francisco, Visa unveiled a series of digital product developments that promise to reshape the way we use and interact with payment cards. Let’s delve …

by vnfintech.admin

Despite being considered a bright spot on the Southeast Asian Fintech map due to continuous growth in both quantity and quality, the Fintech sectors in Vietnam lack an even distribution, primarily focusing on digital payment services. According to Nextrans’ report on the Vietnamese Fintech market, out of over 260 Fintech companies operating in Vietnam by …

by vnfintech.admin

In today’s digital era, the banking sector is undergoing a rapid transformation to meet the evolving demands of modern consumers. This shift towards “invisible banking” represents a departure from traditional banking practices and offers a glimpse into a future where banking seamlessly integrates into daily life. Core modernisation plays a crucial role in enabling this …

by vnfintech.admin

Cryptocurrencies have witnessed significant shifts in the nature and scope of illicit activities in recent years. The article “Navigating the Evolving Landscape of Crypto Crime” published on Fintech Singapore delves into the insights provided by a Chainalysis report. This analysis sheds light on the changing trends in crypto crime and highlights the regulatory efforts, particularly …

by vnfintech.admin

In today’s digital age, QR codes have become an integral part of our daily lives, providing convenience and seamless transactions. Tencent, the Chinese tech giant, recognizes the potential of national QR codes as a means of expanding its presence in Southeast Asia (SEA). This article explores Tencent’s strategy and its vision for leveraging national QR …

by vnfintech.admin

In today’s digital era, fintech solutions are revolutionizing the way businesses operate, especially in emerging markets like Africa. Vodacom, Africa’s leading telecom giant, is spearheading the fintech growth in the region, empowering African SMEs and driving economic transformation. In this article, we will explore Vodacom’s efforts to support SMEs in Africa and its commitment to …

by vnfintech.admin