Thursday,  Nov 15, 2018,02:50 (GMT+7) 0 0
Vietnam FinTech Club launched
Duc Nam
Thursday,  Oct 15, 2015,19:58 (GMT+7)

Vietnam FinTech Club launched

Duc Nam

By Duc Nam - The Saigon Times Daily

Dragon Capital CEO Dominic Scriven (L) and CEO of Standard Chartered Bank in Vietnam Nirukt Sapru co-host the inaugural meeting of the Vietnam FinTech Club in HCMC - PHOTO: STANDARD CHARTERED

HCMC – Vietnam Financial Technology Club (FinTech) has been inaugurated in HCMC at a recent meeting between 20 start-up entrepreneurs and investors in the sector.

At the meeting, representatives of FPT Ventures, IDG Ventures, NexTTech Investment, M_Service, Fundstart, 1Pay, Pasoto.com, Loanvi.com and MyMoney.vn agreed to set up a FinTech club in Vietnam to propose ideas to develop a relevant FinTech community in Vietnam.

Standard Chartered Bank in Vietnam and Dragon Capital fund the establishment of the club, according to a statement released by the bank on Tuesday.

The idea of establishing a FinTech club in Vietnam came during British Prime Minister David Cameron’s visit to Vietnam in July. During the visit, the British government expressed interest in partnering with Vietnamese authorities, financial service providers and information technology enterprises to create favorable FinTech market conditions which benefit the country’s urban and rural areas.

With a young and tech savvy population and 23 million smart phones in use and 55 million mobile phone subscribers, Vietnam offers significant demographic advantages for the development of the FinTech sector, according to the statement.

Douglas Barnes, British consul general in HCMC and director of the United Kingdom (UK) Trade and Investment in Vietnam, said the UK is open for FinTech business opportunities with partner nations around the world and will work closely with Vietnamese partners to nurture the FinTech industry in Vietnam.

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