Fintech
Grab's financial services arm has racked up over $1.2 billion in losses since its 2021 IPO, and of its three digital banks only Indonesia's Superbank makes money — while in Vietnam, Grab has exited payments entirely.
Vietnam Economy
WeChat Pay went live in Vietnam on August 6, the third Chinese payment platform to plug into VietQRGlobal in just over eight months.
Vietnam
Vietnam's MoMo is a payment super app; Taiwan's momo is an e-commerce giant. The two namesakes hit opposite turning points — one turned its first profit in 2024 and now has Blackstone and MUFG bidding for its shares; the other posted its first-ever revenue decline in 2025.
Vietnam
Indonesian BNPL unicorn Kredivo has reportedly acquired Vietnam's first digital bank Timo, planning to invest $15 million over three years to merge consumer lending with digital banking on a single platform.
Vietnam
Bitget Wallet lets users pay at Vietnamese shops with USDT via VietQR. A licensed intermediary converts stablecoins to VND in real time. But Vietnam's crypto regulations are tightening fast.