BFC Bulletins Monthly News Digest
FinTech startup SmartPay has launched a financial inclusion wallet in Vietnam, targeting 25 million unbanked/underbanked consumers and 6 million small- and medium-sized merchants. SmartPay ensures a better payment and finance management experience for retail customers by offering them digital payments, loans, savings, loyalty programs, bill payments, money transfers and data-driven services – all from a mobile device. The unbanked/underbanked especially benefit from easier access to financial services. For merchants, the wallet enables the acceptance of QR-code payments without additional investments in POS infrastructure.
