M-DAQ Global, a fintech group specialising in foreign exchange (FX) and payment solutions, has signed agreements for a strategic integration with METech as it expands into Vietnam.
In a statement, M-DAQ Global said the move marks a “major step” in its plan to build a unified ASEAN Payments Hub that combines collections, FX conversion and payouts across multiple markets
The integration will provide the Singapore-headquartered fintech with regulated payments infrastructure in Vietnam. This will enable the firm to process domestic collections and payments in Vietnamese Dong (VND). Direct access to VND collection and payout rails will reduce its reliance on third-party providers, it added.
M-DAQ Global said the METech integration follows previous regional developments involving EasyPay in Malaysia and Wallex in Indonesia. With METech joining the group, M-DAQ now holds five regulated licences across four ASEAN markets. M-DAQ Global Group CEO Tan Choon Seng said: “Vietnam is one of ASEAN’s most dynamic growth markets and a key pillar for the region’s digital transformation.