Singapore-based fintech company M-DAQ Global has signed definitive agreements for a strategic integration with Vietnam’s METech, expanding its cross-border payments business into one of Southeast Asia’s fastest-growing digital economies.
The deal gives M-DAQ its first direct presence in Vietnam and provides access to regulated payment infrastructure that allows the company to process local collections and payouts in Vietnamese dong, reducing its reliance on third-party providers.
Financial terms of the transaction were not disclosed.
METech is the majority shareholder of PayME, a licensed payments service provider in Vietnam, and brings local regulatory expertise and banking relationships that M-DAQ said would strengthen its regional payments network.
The integration forms part of M-DAQ’s strategy to build an ASEAN payments hub that offers cross-border collection, foreign exchange conversion and payout services across the region.
“Vietnam is one of ASEAN’s most dynamic growth markets and a key pillar for the region’s digital transformation,” M-DAQ Group Chief Executive Tan Choon Seng said in a statement.
The Vietnam expansion follows M-DAQ’s earlier regional growth through EasyPay in Malaysia and Wallex in Indonesia. Following the transaction, the company said it holds five regulated licenses across four key ASEAN markets.
Vietnam has become an increasingly attractive market for financial technology firms as rapid growth in e-commerce and digital payments fuels demand for cross-border payment services. The country’s digital economy reached an estimated $72.1 billion in 2025, accounting for more than 14% of gross domestic product, while the government aims to raise the sector’s contribution to 30% by 2030, according to figures cited by M-DAQ from Vietnam’s Ministry of Industry and Trade.
Founder Lê Hoàng Gia said the partnership would enable METech to combine its domestic payments infrastructure with M-DAQ’s regional network to support businesses operating across ASEAN.
The transaction underscores continued consolidation and expansion among Southeast Asian fintech firms as they seek licensed infrastructure and local market access to capitalize on growing intra-regional trade and digital commerce.
Business News Asia
