(VOVWORLD) - With small and medium-sized enterprises (SME) in Vietnam facing challenges in funding, cash flow management, and digital transformation, Vietpay, a member of multi-national financial group Nexxo Ventures Ltd., has launched services offering streamlined digital banking and payment solutions to help Vietnamese SMEs boost financial access and operational efficiency across Southeast Asia.
 At the inauguration of the office of Vietpay Technology Company Limited in Hanoi on April 24, 2025. (Photo credit: Vietpay) |
Last month, Vietpay Technology Company Limited, a rising fintech firm, opened a new office in Hanoi, a significant milestone in its journey to bring advanced fintech solutions to hundreds of thousands of SMEs in Vietnam.
A member of multi-national financial group Nexxo Ventures Ltd., Vietpay Technology was established in 2021 with headquarters in Ho Chi Minh City and a mission to create fintech, digital banking, and financial services and cooperation opportunities to enhance operational efficiency for business individuals and SMEs.
Nguyen Duc Tuan, Vietpay’s Managing Director in Hanoi, said that Vietnam has many small and very small businesses that are struggling to gain support from banks.
“VietPay is targeting these businesses. We want to provide them with banking tools and services to enhance their competitiveness and give them access to funding," said Tuan.
SMEs often have difficulties in mobilizing capital, as banks require collateral that many of them are unable to provide. According Tuan, VietPay provides a comprehensive range of financial solutions rather than POS (point-of-sale) systems.
He added, "What we truly offer small and very small businesses is a comprehensive banking and financial solution that goes beyond the hardware. It’s designed to help them grow and thrive."
 (Photo credit: Vietpay) |
Vietpay just received a 5-million-USD investment from Tiger Financial Corporation, a San Francisco-based fintech firm focused on digital banking for Southeast Asia’s small businesses. The deal highlights Vietnam’s fintech potential and underscores growing US-Vietnam economic ties.
Nebil Ben Aissa, Chairman of Tiger Financial Corporation, said that the company sees a lot of opportunities in Vietnam and considers the Vietnamese market as the number one market in Asia.
“We see so much potential and so much opportunity in the small business market, which is a very big market. We’re coming and making many investments here, creating new jobs. We see so much growth, particularly in Southeast Asia, led by Vietnam,” said Nebil.
The investment is aimed at supporting the innovation startup ecosystem in Vietnam, signaling a strong belief in Vietnam’s economic potential, particularly in fintech and digital innovation, Nebil told VOV.
“Vietnam is very digital. A lot of payments now use a QR code. There is a lot of opportunity for growth in card payments on the NaPas network, as well as Visa and MasterCard,” said Nebil, adding, “We see a movement from cash to digital payments. Digital payments are the future and we're very interested in investing in the future of Vietnam.”
The fresh capital will be used to scale up technological infrastructure, enhance R&D capabilities, and broaden digital financial services, which, according to Nebil, is in line with the group’s vision for the future of South Asia.
According to Nebil, despite lots of growth in digital payments in the Vietnamese market and Southeast Asia, the most advanced market right now that we see from the US is Vietnam.
“We see, not only payments, but also digital banking. There's going to be a lot of growth and a lot of innovation in that space and we’re part of it,” said Nebil.
VietPay Technology is expanding beyond Vietnam into Southeast Asia, aiming to set new standards in digital finance with advanced technologies like AI, said Tuan. In addition, the company has forged strategic partnerships with PVcomBank, which provides banking products and infrastructure, and Visa, enabling multi-channel payment services to accept both domestic and international cards.