Singapore Fintech M-DAQ Links Up With Vietnam METech to Create ASEAN Payments Hub

Singapore based fintech M-DAQ has signed agreements to integrate with Vietnam payment firm METech.

This deal gives M-DAQ its first direct regulated payments access inside Vietnam.

Building a Unified ASEAN Payments Network

The integration adds local collection and payout in Vietnamese dong to M-DAQ existing setup.

M-DAQ already operates through EasyPay in Malaysia and Wallex in Indonesia.

The company now holds five regulated licenses across four major ASEAN markets.

Its goal is a single hub for cross border collections FX conversion and payouts.

Boosting Growth in Vietnam Digital Economy

Vietnam digital economy hit 72.1 billion dollars last year and targets 30 percent of GDP by 2030.

The partnership helps businesses move money faster and cheaper across borders.

Small firms in e commerce can now reach customers in multiple ASEAN countries with less hassle.

Experts see this as a step toward smoother regional trade and more financial inclusion for everyday users.

Long term it could lower costs for remittances and online shopping throughout Southeast Asia.