Vietnam's telcos prepare for fintech fray using mobile money

Photo by Luis Villasmil on Unsplash

In just a few years, the Vietnamese population could be transformed from one of the most underbanked in Southeast Asia, to one spoilt for choice, when it comes to saving and spending their money. 

The Vietnamese government is in the process of approving a pilot project for local telco players to launch so-called mobile money services, defined as money linked to telco accounts. It is a pivotal moment for Vietnams’ telco providers to grab a share of cashless financial transactions that have been erstwhile the domain of fintech startups. 

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