Fintech venture 9Pay looks to expand its presence on a global scale, aiming for Việt Nam's financial centers as its primary target.

Vietnam's fintech landscape is experiencing a significant leap forward, with homegrown company 9Pay leading the charge. The company's ascent demonstrates that Vietnamese innovation is reaching outward, connecting investors, businesses, and consumers, and helping to shape the foundations of Vietnam's financial future.

In line with this momentum, the Vietnamese government is developing the country's first two international financial centres (IFCs) in Ho Chi Minh City and Đà Nẵng. These centres are expected to attract US$7 billion in investment, positioning Vietnam as a potential regional financial hub.

As Vietnam charts its long-term course, 9Pay's success indicates that Vietnamese innovation is no longer confined domestically but is reaching outward to connect with the global digital economy. Global finance is shifting towards digital assets, and Viẹt Nam is well-positioned due to its strategic location, strong telecom infrastructure, rapidly advancing technology, and adaptable workforce.

Foreign businesses in Viẹt Nam often face complex questions about licensing, tax compliance, and regulation. However, 9Pay acts as a financial and legal partner for foreign enterprises, providing services from payment integration to cash flow optimisation and compliance with regulations.

9Pay's cross-border remittance service, 9Remit, allows foreign businesses to operate in Viẹt Nam without the need to establish a legal entity or obtain a separate license. The service maintains stability while ensuring T+0 settlement for international remittance, meaning funds arrive the same day, often within two hours.

Moreover, 9Pay is expanding into advanced cash management tools and AI-powered payment analytics. The company has opened a new office in Đà Nẵng, underscoring its commitment to supporting the nation's digital finance strategy, particularly in green finance and fintech.

9Pay holds the highest level of PCI DSS certification, employs encryption and biometric authentication, and uses AI-driven fraud detection in real time. These measures ensure the security and integrity of transactions on its platform.

Tuấn Anh, in reference to Vietnam's fintech advancements, stated, "Việt Nam has both the demand and the determination. With the right partnerships and infrastructure, fintech will help position our country as a trusted player in the international financial landscape."

Several major international fintech companies, including Visa, Mastercard, and local startups like MoMo and ZaloPay, plan to establish or expand their presence in Vietnam within the next three years to meet the growing demand for modern financial technology solutions and help position Vietnam as an emerging Asian financial hub.

9Pay's platform integrates fully with all domestic banks, major international card networks (Visa, MasterCard, JCB, American Express), global payment providers (Ria Money Transfer, WireBarley), and processes between 400-500 transactions per second with a peak capacity of 1,000.

Looking ahead, 9Pay aims to double the number of foreign companies it serves within three years and expects at least 30% annual revenue growth from its FDI clients in 2025. With its commitment to innovation, security, and compliance, 9Pay is poised to play a significant role in Vietnam's journey towards becoming a regional financial hub.

Fintech venture 9Pay looks to expand its presence on a global scale, aiming for Việt Nam's financial centers as its primary target.