Fintech in Vietnam

Vietnam – very special country!
Vietnam has 95m population with banking penetration around 60% and smart phone penetration around 75%-80%. The country does not have a strong Digital Bank yet, but some banks like Timo bank are approaching this status. There are plenty of e-Wallets, which are very popular as the Banks cannot give to the customer the service they deserve.
Another thing is the number of Lenders and their classification: all the Lenders are classified as P2P even though they are not P2P: https://lnkd.in/gEF8BSY
Number of Payment and e-wallets companies is higher than the number of lenders..it is not an often case where such statistics can be observed, usually Lending is dominating Fintech Landscape., but not in Vietnam…