M-DAQ Expands Vietnam Payments Network with METech Integration
By ThePip Desk
M-DAQ Global strengthens its ASEAN payments network by expanding into Vietnam through integration with METech, enabling direct VND cross-border collections and payouts.
🔥 Main Takeaway
M-DAQ Global’s latest expansion into Vietnam, facilitated by its integration with METech, significantly strengthens its cross-border payment infrastructure across ASEAN, streamlining transactions for businesses.
📌 What Happened?
M-DAQ Global has officially expanded its ASEAN payments network into Vietnam.
This move comes through a strategic integration with METech, the majority shareholder of licensed payment service provider PayME.
The partnership grants M-DAQ direct access to Vietnam’s regulated payment infrastructure, enabling efficient cross-border collections and payouts directly in Vietnamese dong.
This strategic integration reduces M-DAQ’s reliance on external third-party partners and is set to accelerate payment flows for businesses operating in and out of Vietnam.
💰 Why It Matters
For businesses engaged in trade with Vietnam, this means faster, more reliable, and potentially more cost-effective cross-border transactions, reducing operational friction.
M-DAQ secures a crucial foothold in Vietnam, which Group CEO Tan Choon Seng identifies as a dynamic growth market and a key pillar for the region’s digital transformation.
This integration, following previous moves in Malaysia with EasyPay and Indonesia with Wallex, brings M-DAQ’s total to five regulated licenses across four key ASEAN markets, solidifying its regional presence.
The direct access model enhances M-DAQ’s control and efficiency over its payment operations throughout Southeast Asia, offering a more robust and scalable solution.
👀 What to Watch Next
Observe how M-DAQ leverages METech’s local regulatory expertise and established banking relationships to further deepen its service offerings and market penetration in Vietnam.
Look for the continued acceleration of cross-border payment corridors across Southeast Asia as M-DAQ fully integrates its expanded network, driving regional digital commerce.
Future strategic expansions into other ASEAN markets could be on the horizon as M-DAQ aims to complete a truly comprehensive regional payment ecosystem.