Vietnam-based VNPAY is set to launch a 250 million to 1 billion Asia investment fund, with a focus on startups in the region.
which is being launched by VNPAY’s venture capital arm VinaCapital, will be used to invest in early-stage startups in Vietnam, Thailand, Indonesia, and the Philippines.
VinaCapital has been a major investor in Vietnamese startups for many years, and has also been active in other markets in the region such as Thailand and Indonesia.
The new fund will be used to help VinaCapital expand its portfolio of investments in the region, and to support the growth of early-stage startups in the region.
VinaCapital is one of the leading venture capital firms in Vietnam, and has a strong track record of investing in successful startups in the country.
The launch of the new fund is a sign of the growing interest in the Vietnamese startup scene from international investors.
VNPAY is a Vietnamese payment gateway provider that is majority-owned by the Vietnamese government.
VNPAY to focus on fintech and healthcare investments in Asia
Vietnam-based fintech and healthcare investment firm, is focusing on Asia for its future investments. The company has already invested in a number of startups in the region, including Grab, Gojek, and Tokopedia.
VNPAY has announced that it will invest up to $250 million in fintech and healthcare startups in Asia over the next three years. The company is particularly interested in startups that are using technology to solve problems in the region’s healthcare and financial sectors.
Some of the areas that VNPAY is looking to invest in include digital health, payments, and financial inclusion. The company is also interested in supporting startups that are working on solutions for the region’s growing population of aging adults.
VNPAY’s decision to focus on Asia is in line with the company’s overall strategy of investing in emerging markets. The company has already made a number of successful investments in Vietnam, and it is now looking to expand its reach into other parts of the world.
With its large population and growing economy, Asia is an attractive market for fintech and healthcare startups. VNPAY’s investment will help to support the growth of the region’s startup ecosystem and promote innovation in the fintech and healthcare sectors.
VNPAY eyes growth in Asia with new investment fund
Vietnam-based VNPAY has announced a new investment fund worth $250 million that it says will help it expand its presence in Asia.
which was launched at the Vietnam-Japan Business Forum in Hanoi, is aimed at supporting the company’s expansion plans in the region.
VNPAY CEO Nguyen Duy Hung said that the company is aiming to increase its market share in Asia from its current 2 percent to 10 percent over the next five years.
He added that the company is already present in eight Asian markets, including Vietnam, Cambodia, Laos, Myanmar, and the Philippines, and is looking to enter new markets such as Indonesia and Thailand.
VNPAY is a subsidiary of Vietnam’s largest private bank, Vietcombank, and offers a range of payment solutions, including mobile payments, online payments, and point-of-sale payments.
The company has seen strong growth in recent years, and its mobile payment app, VNPAY-QR, is now used by more than 10 million people in Vietnam.
With its new investment fund, VNPAY is looking to build on this success and become a major player in the Asian payments market.
Vietnam’s VNPAY to invest $250 million in Asia
Vietnam-based VNPAY has announced that it will invest up to 250 million USD in Asia over the next three years. The company plans to use the funds to expand its operations in the region and to develop new products and services.
VNPAY is a provider of payment solutions for businesses and consumers in Vietnam. The company offers a range of services including online payments, mobile payments, and point-of-sale (POS) payments. VNPAY has a network of over 30,000 merchants in Vietnam and has processed over 1 billion USD in transactions since its launch in 2013.
The company has seen strong growth in recent years and is now expanding its operations into other markets in Southeast Asia. VNPAY has already established a presence in Thailand and Indonesia and is now looking to expand into other countries in the region.
The company plans to use the funds from the new investment to expand its operations and to develop new products and services. VNPAY is also looking to increase its merchant base in the region and to grow its customer base.
The new investment will help VNPAY to achieve its goal of becoming a leading payment provider in Southeast Asia. The company is well-positioned to take advantage of the growing digital economy in the region and to provide its customers with convenient and reliable payment solutions.
VNPAY to invest $1 billion in Asia over the next five years
Vietnam’s leading digital payments provider, announced today that it will invest 1 billion over the next five years to expand its footprint in Asia.
which is already present in Thailand, Malaysia, and Singapore, plans to use the funds to enter new markets and grow its existing businesses.
Speaking at the Vietnam Fintech Forum in Ho Chi Minh City, VNPAY CEO Nguyen Duc Tai said that the company is seeing strong demand for its services in Asia, and that the region presents a huge opportunity for growth.
“We are very excited about the opportunity to grow our business in Asia,” Tai said. “The region is home to some of the world’s most dynamic economies, and we believe that VNPAY is well-positioned to capitalize on this growth.”
which is majority-owned by Vietnam’s largest bank, Vietcombank, has been a pioneer in the digital payments space in Vietnam.
The company was the first to launch a mobile payments app in the country, and has since launched a number of innovative products and services, including a QR code payments platform and a payments gateway for e-commerce.
VNPAY’s expansion into Asia comes as the region’s digital payments market is experiencing rapid growth.
According to a recent report by Google and Temasek, the total value of digital payments in Asia is expected to grow from $500 billion in 2017 to $1 trillion by 2025.
VNPAY is well-positioned to take advantage of this growth, with its strong brand and technology platform.
The company’s plans to invest 1 billion over the next five years will help it to solidify its position as a leading digital payments provider in Asia.