Fintech

LinkAja is aggresively trying to reach more customers by partnering with more tech platforms, and state-owned companies.

Users can get loans up to RMB 200,000 (USD 28,644) at a daily interest rate as low as 0.05% in minutes.

The country’s central bank previously asked third-party payment platforms to clear obstacles preventing international tourists to use their mobile payment services.

Vietnam has a USD 21 billion financing gap and is Validus’ second location outside of Singapore.

The integration has been tested with a number of financial services companies including BNP Paribas, Citi, Deutsche Bank, and Goldman Sachs.

International visitors had cited not being able to use their mobile phones to make payments as a major annoyance.

The company has collected a total of USD 13.6 million in its Series B and B2 round.

Indian lenders have written off more than USD 100 billion due to bad debts in the last three years.