Digital Payments Startup GPay Awarded Vietnam License
The State Bank of Vietnam granted FinTech startup GPay a 10-year license to provide intermediary payment services in the country — electronic payment portals, payment services, digital money transfer services and eWallet services. GPay, a member company of the Vietnam investment firm G-Group, joins a tight FinTech market in Vietnam with 33 other firms licensed for intermediary payment services. In 2019, Payme, FinViet, EPay, PayTech, Dibee and Smart Net were granted licenses from Vietnam’s central bank. “GPay has a supportive ecosystem from G-Group with above 20 million users of financial platforms, game community, social network and technology companies. We will invest more in technology and hiring talents, and will have Series A funding round soon too,” Cong Tran, a board member of GPay,...