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.
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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. We are proud to mark M-DAQ’s first direct presence in the country through this integration, advancing our ASEAN-focused strategy.
“The next wave of digital business and innovators, including crypto and Web3 platforms, are increasingly recognising that scaling requires robust, fully compliant financial infrastructure.
“This milestone positions us well to unlock new opportunities across the region, strengthen connectivity between markets, and drive the next phase of scalable cross-border payments.”
Meanwhile, METech, the majority shareholder of Vietnamese payment service provider PayME, said the integration will support its plans to extend its capabilities beyond the domestic market.
METech founder Lê Hoàng Gia said: “With this integration with M-DAQ, we are keen to extend our expertise to businesses beyond Vietnam, combining local infrastructure with regional reach to unlock new growth opportunities across ASEAN.
“Together, we are setting a new standard for how cross-border payments can be executed with speed, reliability, and transparency.”
