M-DAQ Global widens ASEAN footprint via METech integration in Vietnam

M-DAQ Global, a fintech radical specialising successful overseas speech (FX) and outgo solutions, has signed agreements for a strategical integration with METech arsenic it expands into Vietnam.

In a statement, M-DAQ Global said the determination marks a "major step" successful its program to physique a unified ASEAN Payments Hub that combines collections, FX conversion and payouts crossed aggregate markets.

The integration volition supply the Singapore-headquartered fintech with regulated payments infrastructure successful Vietnam. This volition alteration the steadfast to process home collections and payments successful Vietnamese Dong (VND).

Direct entree to VND postulation and payout rails volition trim its reliance connected third-party providers, it added.

M-DAQ Global said the METech integration follows erstwhile determination developments involving EasyPay successful Malaysia and Wallex successful Indonesia.

With METech joining the group, M-DAQ present holds 5 regulated licences crossed 4 ASEAN markets.

M-DAQ Global Group CEO Tan Choon Seng said: "Vietnam is 1 of ASEAN's astir dynamic maturation markets and a cardinal pillar for the region's integer transformation. We are arrogant to people M-DAQ's archetypal nonstop beingness successful the state done this integration, advancing our ASEAN-focused strategy.

"The adjacent question of integer concern and innovators, including crypto and Web3 platforms, are progressively recognising that scaling requires robust, afloat compliant fiscal infrastructure.

"This milestone positions america good to unlock caller opportunities crossed the region, fortify connectivity betwixt markets, and thrust the adjacent signifier of scalable cross-border payments."

Meanwhile, METech, the bulk shareholder of Vietnamese outgo work supplier PayME, said the integration volition enactment its plans to widen its capabilities beyond the home market.

METech laminitis Lê Hoàng Gia said: "With this integration with M-DAQ, we are keen to widen our expertise to businesses beyond Vietnam, combining section infrastructure with determination scope to unlock caller maturation opportunities crossed ASEAN.

"Together, we are mounting a caller modular for however cross-border payments tin beryllium executed with speed, reliability, and transparency."

"M-DAQ Global widens ASEAN footprint via METech integration successful Vietnam" was primitively created and published by Electronic Payments International, a GlobalData owned brand.