Vietnam’s Vingroup acquires e-wallet platform MonPay

VinID Joint Stock Company, 80 per cent owned by Vietnamese business major Vingroup, has completed the acquisition of e-wallet platform MonPay, local media VnExpress reported.

The portal cited confirmation from the State Bank of Vietnam (SBV) that VinID has completed the takeover procedure of MonPay, which is operated by People Care JSC. Financial details of the transaction, however, were not disclosed. The Vingroup’s spokesperson has not reverted to a query sent by DEALSTREETASIA.

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