Fintech

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.

In 2018, Chinese VCs pumped USD 5.6 billion in India, surpassing investments coming from the US, and Japan.

Some are hosted on servers located overseas.