Thai Banks Set to Kickstart Cross-Border Payments in South East Asian Region
Thailand is set to kick off cross-border payments in the South East Asian region, in line with its e-payment roadmap for 2020. The roadmap aims to boost digital transactions across ASEAN (Association of Southeast Asian Nations) and enhance integration across the...
Grab Launches Early Stage Startup Accelerator in Vietnam
In February 2020, Grab, South East Asia’s leading ride hailing firm, announced the launch of Grab Ventures Ignite, an accelerator program for early-stage startups, as part of the Grab for Good development roadmap in Vietnam which aims to create greater social and...
Vietnam to Remove Limit 49% of Foreign Investors’ Capital Contribution for Intermediary Payment Firms
In the draft decree replacing Decree 101/2012 / ND-CP stipulating non-cash payment submitted to the Government in June 2020, the State Bank of Vietnam (SBV) is expected not to put the limit of 49% foreign ownership limit in payment intermediary businesses. The earlier...