Catenaa, Thursday, July 09, 2026- Singapore-based fintech company M-DAQ Global has expanded into Vietnam through a strategic integration with financial technology firm METech, strengthening its cross-border payments network as it pursues a unified ASEAN payments infrastructure.
The agreement gives M-DAQ access to regulated payment infrastructure in Vietnam through METech, the majority shareholder of licensed payment service provider PayME. The expansion enables the company to process local collections and payouts directly in Vietnamese dong, reducing reliance on third-party payment providers.
M-DAQ said the integration advances its goal of building an ASEAN Payments Hub capable of supporting collections, foreign exchange conversion and cross-border settlements across Southeast Asia through a single regional network.
Vietnam represents one of the fastest-growing digital economies in ASEAN and has become an increasingly important market for cross-border commerce. Direct access to local payment rails is expected to improve settlement speed, reduce transaction costs and increase operational control over payment flows into and out of the country.
The latest expansion follows M-DAQ’s earlier regional growth through Malaysia and Indonesia. With the addition of Vietnam, the company now holds five regulated licenses spanning four major ASEAN markets.
The company said the expanded network is intended to support businesses engaged in regional trade, including financial technology firms, digital commerce platforms and emerging Web3 businesses requiring compliant cross-border payment infrastructure.
The integration combines METech’s domestic banking relationships and regulatory expertise with M-DAQ’s regional foreign exchange and payment capabilities.
Vietnam’s rapidly expanding digital economy also influenced the move. According to figures cited by the company, the country’s digital economy reached approximately $72.1 billion in 2025, accounting for more than 14% of national gross domestic product. Government initiatives aim to increase that contribution to 30% by 2030.
Vietnam’s domestic e-commerce market reached approximately $31 billion in 2025, placing it among ASEAN’s three largest digital economies. The country’s cross-border business-to-consumer e-commerce sector is projected to continue expanding over the coming years, creating additional demand for regional payment infrastructure.
The expansion reflects growing investment in Southeast Asia’s digital financial infrastructure as regional trade and e-commerce continue accelerating.
Payment providers are increasingly seeking direct regulatory licenses and local banking partnerships to reduce settlement delays and improve foreign exchange efficiency across ASEAN markets.
The development also highlights the growing convergence of traditional payment infrastructure with digital finance, as fintech firms build platforms capable of supporting conventional commerce alongside blockchain-based financial services and tokenized payments.
M-DAQ Global is a Singapore-based financial technology company specializing in foreign exchange and cross-border payment solutions for businesses. The company operates across multiple Asian markets, offering payment processing, collections, foreign exchange services and risk management technology. METech is a Vietnamese financial technology group and the majority shareholder of PayME, a licensed domestic payment provider. The integration strengthens M-DAQ’s regional strategy as ASEAN’s digital economy continues expanding through increased e-commerce, digital payments and cross-border business activity.
