Vietnam's Vingroup secures e-wallet licence for payment unit

Vietnamese conglomerate Vingroup has obtained an e-wallet licence from the State Bank of Vietnam for its payment unit VinID, according to an announcement.

The licence, effective until 2027, is a renewed certification after VinID acquired People Care JSC, the operator of digital wallet MonPay. People Care first received the licence in 2017.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter