HO CHI MINH CITY/HONG KONG/SINGAPORE (Reuters) – Just next to Ho Chi Minh City’s financial district, two dozen street vendors’ stalls display colorful adverts for e-wallets backed by private equity firm Warburg Pincus, ride-hailing firm Grab and Singapore sovereign wealth fund GIC, among others. Between them, the stalls – selling everything from crab soup to Vietnamese Banh My sandwiches – accept payment from most of Vietnam’s 28 different e-wallets, which also allow users to make cash transfers through their mobile phones. The wallets, which hope to take advantage of Vietnam’s plan to become a cashless economy by 2027, …read more
Source:: Yahoo Finance
