Summary
Singapore-headquartered fintech M-DAQ Global signed definitive agreements for a strategic integration with METech, the majority shareholder of PayME, a licensed payments service provider in Vietnam. The integration gives M-DAQ its own regulated payments infrastructure in Vietnam with direct access to Vietnamese dong collection and payout rails. This is M-DAQ's first direct presence in Vietnam, building on previous expansions through EasyPay in Malaysia and Wallex in Indonesia. M-DAQ now holds five regulated licenses across four key ASEAN markets, advancing its strategy to build a unified ASEAN Payments Hub.
Key Facts
- M-DAQ integrates with METech (majority shareholder of PayME, licensed Vietnam payment provider)
- First direct presence in Vietnam
- Five regulated licenses across four ASEAN markets (Singapore, Malaysia, Indonesia, Vietnam)
- Previous expansions: EasyPay (Malaysia), Wallex (Indonesia)
- Vietnam digital economy: $72.1B in 2025 (14% of GDP), targeting 30% by 2030
- Vietnam e-commerce: $31B domestic market in 2025
- Vietnam cross-border B2C e-commerce forecast: $13.39B by 2031
- Unified ASEAN Payments Hub: integrated collection, FX conversion, and payout capabilities
Why It Matters
M-DAQ's expansion into Vietnam completes a four-market ASEAN payments network, giving the company regulated infrastructure across the region's most dynamic digital economies. The integration addresses the fragmented cross-border payment landscape in Southeast Asia, where businesses need seamless collection, FX, and payout across multiple jurisdictions.