Southeast Asia's mobile payments face shakeout as market booms

Just next to Ho Chi Minh City's financial district, two dozen street vendors' stalls display colourful adverts for e-wallets backed by private equity firm Warburg Pincus, ride-hailing firm Grab and Singapore sovereign wealth fund GIC, among others. Between them, the stalls - selling everything from crab soup to Vietnamese Banh My sandwiches - accept payment from most of Vietnam's 28 different e-wallets, which also allow users to make cash trans

from Reuters: Money News https://ift.tt/33ycELG