Unlocking Vietnam's Fintech Growth Potential
Fintech, or financial technology, is disrupting Vietnam’s financial services ecosystem. The fintech market reached USD 4.4 billion in transaction value in 2017 and is estimated to grow to USD 7.8 billion by 2020, driven by rising bank penetration. As the country aims to move towards a cashless society, Vietnam’s government targets to reduce cash transactions to 10% and increase bank accounts in the population by 70% in 2020. This white paper explores key drivers and current trends of fintech adoption in Vietnam, the key barriers as well as the future outlook in the market.
This white paper aims to address these main questions :
- 01. What are the current trends driving growth in Vietnam's fintech space?
- 02. What does the future of fintech in Vietnam hold for industry players?
- 03. How have key barriers limit the growth of fintech?