E-payments in Vietnam: an emerging market with great potential.
At 94.9M, Vietnam's population is 3 times larger than the South-Eastern Asia median (30.3M) and 17 times larger than the world median (5.37M). With a population density of 295.75 people per sq km, Vietnam is 3.4 times more dense than the world median (86.2 people per sq km).Vietnam’s fintech industry is still in its infancy with a little more than 40 players who are mostly tackling the payments market.
Two thirds of Vietnam’s fintech startups are providing consumers and merchants with, either, online payments services (1Pay, 123Pay, Payoo, VinaPay, OnePay, MoMo, etc.), or, brick-and-mortar digital payments solutions and POS/MOS (ibox, Moca, etc.).