Ultra Platform’s Post

𝐕𝐢𝐞𝐭𝐧𝐚𝐦𝐞𝐬𝐞 𝐆𝐫𝐚𝐝𝐮𝐚𝐥𝐥𝐲 𝐓𝐫𝐚𝐧𝐬𝐢𝐭𝐢𝐨𝐧𝐢𝐧𝐠 𝐓𝐨𝐰𝐚𝐫𝐝𝐬 𝐍𝐨𝐧-𝐂𝐚𝐬𝐡 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬 🔍 In 2024, 56% of Vietnamese individuals carried less cash compared to the previous year. 💡 Non-cash transactions saw a significant increase, with a 63.3% growth in volume and a 41.45% growth in value compared to 2023. 📲 The use of QR codes and digital wallets (e-wallets) for daily transactions has become increasingly widespread. 📊 Young consumers are leading the transition to cashless payments, with 89% successfully adopting cashless methods. 📈 It is projected that there will be 50 million active digital wallets in Vietnam this year! ----------------------------------------------------- 💥 Eager to tap into Vietnam's booming FinTech scene? Connect with Launch JDI today! ✨ As the leading market expansion partner, we leverage our local networks, expertise, and resources, to facilitate your entry into the Vietnamese market. 🚀 Explore how we can help you here: https://lnkd.in/dfCKyTjn #JDI #LaunchJDI #BusinessExpansion #Vietnam #DigitalPayments #FinTech #Cashless #Ewallets

𝐕𝐢𝐞𝐭𝐧𝐚𝐦𝐞𝐬𝐞 𝐆𝐫𝐚𝐝𝐮𝐚𝐥𝐥𝐲 𝐓𝐫𝐚𝐧𝐬𝐢𝐭𝐢𝐨𝐧𝐢𝐧𝐠 𝐓𝐨𝐰𝐚𝐫𝐝𝐬 𝐍𝐨𝐧-𝐂𝐚𝐬𝐡 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬 🔍 In 2024, 56% of Vietnamese individuals carried less cash compared to the previous year. 💡 Non-cash transactions saw a significant increase, with a 63.3% growth in volume and a 41.45% growth in value compared to 2023. 📲 The use of QR codes and digital wallets (e-wallets) for daily transactions has become increasingly widespread. 📊 Young consumers are leading the transition to cashless payments, with 89% successfully adopting cashless methods. 📈 It is projected that there will be 50 million active digital wallets in Vietnam this year! ----------------------------------------------------- 💥 Eager to tap into Vietnam's booming FinTech scene? Connect with Launch JDI today! ✨ As the leading market expansion partner, we leverage our local networks, expertise, and resources, to facilitate your entry into the Vietnamese market. 🚀 Explore how we can help you here: https://lnkd.in/dfCKyTjn #JDI #LaunchJDI #BusinessExpansion #Vietnam #DigitalPayments #FinTech #Cashless #Ewallets

Vietnam's Cashless Future is Here! Cashless transactions are surging, with a remarkable 63.3% increase in volume and a 41.45% growth in value compared to last year. Young consumers are embracing digital payments, leading the charge towards a cash-free society Now is the time to explore the booming FinTech scene in Vietnam. #JDI #LaunchJDI #DigitalTransformation #Fintech #BusinessExpansion

What’s buzzing this week in Fintech: Palau, one of the world’s smallest nations, is entering the bond market. An Indonesian technology company launches its first artificial intelligence based fintech voice assistant in Indonesia’s most widely spoken language. More on Weekly Fintech Wrap 👇 #Fintech #Innovation #WeeklyFintechWrap

Southeast Asia is rapidly becoming a digital consumer finance megamarket, with mobile wallets growing fastest in the region and expected to reach 440 million accounts by 2025. This growth is fueled by mobile ownership and digitalization post-pandemic, setting the stage for a digital economy worth $1 trillion by 2030. Super apps, offering a range of services within a single platform, are key drivers of this digital wallet expansion, with notable examples including Grab and GoTo in Southeast Asia. These developments offer significant opportunities for brands to engage with a large, tech-savvy consumer base through super apps. Brands can leverage super apps to enhance customer experiences, loyalty, and gain insights into consumer behavior. The shift towards digital finance reflects consumer preferences for convenience, security, and speed in transactions. Brands aligning with these digital trends can access a growing market of digital-first consumers and promote financial inclusion. Navigating this digital shift effectively positions brands for leadership in Southeast Asia's evolving consumer finance landscape. To learn more about the fintech industry in Indonesia, read our research report here: https://bit.ly/3UQJNQR #asia #marketresearch #insight

𝐀𝐧𝐧𝐨𝐮𝐧𝐜𝐢𝐧𝐠 𝐎𝐮𝐫 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐚 🇹🇭𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝 𝐕𝐢𝐫𝐭𝐮𝐚𝐥 𝐁𝐚𝐧𝐤𝐢𝐧𝐠 𝐋𝐢𝐜𝐞𝐧𝐬𝐞 I’m excited to announce that WeLab has teamed up with Thai fintech company Lightnet Group to submit our application for a Virtual Banking license with the Bank of Thailand. This marks the beginning of our journey to build Thailand’s leading AI-powered virtual bank, riding on the success of our previous banks in Hong Kong and Indonesia. This will be potentially our 𝒕𝒉𝒊𝒓𝒅 virtual bank, further expanding our mission of financial empowerment across Asia. What sets us apart: 1 ) 𝑺𝒕𝒓𝒐𝒏𝒈 𝒑𝒓𝒐𝒗𝒆𝒏 𝒕𝒓𝒂𝒄𝒌 𝒓𝒆𝒄𝒐𝒓𝒅 – successful virtual bank operator in Hong Kong and Indonesia, with the consortium holding over 20+ financial service licenses across 5 Asian markets 🌏 2) 𝑫𝒆𝒆𝒑 𝒍𝒐𝒄𝒂𝒍 𝒆𝒄𝒐𝒔𝒚𝒔𝒕𝒆𝒎 𝒓𝒆𝒂𝒄𝒉 𝒐𝒇 46 𝒎𝒊𝒍𝒍𝒊𝒐𝒏 Thai customers across multiple sectors, including MSMEs, agriculture, and e-commerce 3) 𝑨𝒎𝒃𝒊𝒕𝒊𝒐𝒏 𝒕𝒐 𝒃𝒖𝒊𝒍𝒅 𝑻𝒉𝒂𝒊𝒍𝒂𝒏𝒅’𝒔 𝒍𝒆𝒂𝒅𝒊𝒏𝒈 𝑨𝑰-𝒑𝒐𝒘𝒆𝒓𝒆𝒅 𝒗𝒊𝒓𝒕𝒖𝒂𝒍 𝒃𝒂𝒏𝒌, enhancing financial accessibility for underserved segments through advanced technology 🚀 While this is just the application stage, we are excited about the opportunity to transform financial services in Thailand by driving financial inclusion and providing innovative banking solutions to underserved segments, including MSMEs and retail customers. We are proud to be working alongside visionary partners like Lightnet Group and backed by a strong team of global investors to contribute to Thailand’s financial landscape. Jessica Lam Yu Han Yong Yier C. Gunawan H. Jefry Adisaputra Rachel Lam Ernest Leung Paul Ip Ken Chen Renee So Kelly Wong Tat Lee Marco Lee

According to a 2022 report by DataAI & APPMagic, after the USA, China, and India, apps developed by Vietnam are the 4th most downloaded globally. This is thanks to Vietnam‘s vibrant tech landscape, which has fostered companies like MFast and Trusting Social as fintech leaders.  No surprise that two Vietnam fintech companies are setting up shop in the Philippines. Click link to know more: https://lnkd.in/gsHfxRcY #vietnam #fintech #fintechnewsph

China's Ant Group doubles down on global expansion with cross-border payments offering Alipay+ Photo of a person making a mobile payment.Ant InternationalChinese fintech major Ant Group is looking to boost its global presence via its digital offering, Alipay+, as it seeks to connect mobile payment apps around the world."What we found is that people want to use their home e-wallets when they travel abroad. So they don't want to have to load their card into another app that they don't know as well," Douglas Feagin, senior vice president of Ant Group, an affiliate of Chinese tech giant Ali... Read more here: https://lnkd.in/dHW9_xTJ . . Like 💝 Comment below ⏬ Share ✅ For More Such Updates Follow Us @qnewshub @qnewscrunch . . #qnewshub #qnewscrunch #Technology

Koyn was present at the #NigeriaFintechWeek We also believe in : Positioning Africa's Fintech Ecosystem to Accelerate Inclusive growth Keep using the Koyn App to experience all these and more. Check out Highlights from Day 1 👇🏾 #KoynXNFW

Indonesian digital bank Superbank announced that it has reached 1 million users in less than two months since its public launch. 62% of Superbank’s customer base have linked their accounts to the Grab app since the feature became available in June. This allows them to open accounts, save, and make payments directly within the Grab app without the need for an additional app. Superbank offers products like flexible deposit accounts offering up to 7.5% interest per year and savings accounts with no administrative fees. In July 2024, Superbank secured additional funding of IDR 1.2 trillion (US$73.3 million) from its shareholders. Emtek holds the largest stake in the bank at 34.58%, followed by Grab’s PT Kudo Teknologi Indonesia with 21.29%, Singtel Alpha Investments Pte Ltd with 18.93%, and KakaoBank with 10%. #digitalbanking #funding #growth #superapp