According to Solidiance, an APAC-focused consultancy firm, the Vietnamese fintech market was worth $4.4 billion in 2017, and is predicted to reach $7.8 billion by 2020, equalling a 77% increase over three years. This predicted fast-paced development is driven by numerous factors, including regulatory efforts to increase financial inclusion and to reduce cash payments, rising income and consumption which fuel the e-commerce sector, high Internet and smartphone penetration rates, and a young and tech affine population.

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