M-DAQ adds regulated Vietnam payments infrastructure through METech integration

M-DAQ Global has signed definitive agreements for a strategic integration with METech, a Vietnam-based company that is the majority shareholder of PayME, a licensed payments service provider in the country.

The Singapore-headquartered fintech group said the move gives it its own regulated payments infrastructure in Vietnam, allowing it to process local collections and payments directly in Vietnamese Dong. That would reduce its reliance on third-party partners for VND payment flows and give the company more direct control over cross-border payment corridors involving Vietnam.

M-DAQ specialises in foreign exchange and cross-border payment solutions. The integration with METech adds Vietnam to a regional footprint that already includes earlier expansions through EasyPay in Malaysia and Wallex in Indonesia.

Local rails become part of M-DAQ’s regional payments build-out

By connecting with METech and PayME, M-DAQ gains access to onshore payments infrastructure in Vietnam, including local banking relationships and regulatory expertise.

The company said this would support integrated collection, FX conversion and payout capabilities across the region. In practical terms, the integration is intended to help M-DAQ handle payment flows into and out of Vietnam with less dependence on external partners.

M-DAQ described Vietnam as a key expansion corridor for its regional strategy. With METech now part of its group, the company said it holds five regulated licences, including across four ASEAN markets. The deal also extends M-DAQ’s effort to build a licensed payments footprint across ASEAN trade and economic corridors. The company said METech’s local market expertise and banking relationships would connect Vietnam to M-DAQ’s wider regional platform.

Vietnam’s digital economy adds commercial context

M-DAQ is tying the integration to Vietnam’s digital economy and cross-border commerce growth. Citing data from Vietnam’s Ministry of Industry and Trade, the company said Vietnam’s digital economy reached US$72.1 billion in 2025, accounting for more than 14% of national GDP.

The company also cited government efforts to raise that share to 30% by 2030. Domestic e-commerce in Vietnam reached US$31 billion in 2025, placing the country among the top three digital economies in ASEAN, according to the same cited ministry data.

For payments providers, the commercial opportunity sits in the movement of money across markets, currencies and platforms. M-DAQ said Vietnam’s cross-border B2C e-commerce market is forecast to reach US$13.39 billion by 2031.

Tan Choon Seng, Group CEO of M-DAQ Global, 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. This positions us well to unlock new opportunities across the region, strengthen connectivity between markets, and drive the next phase of scalable cross-border payments.”

Lê Hoàng Gia, Founder of METech, added that the company had built its presence within Vietnam’s financial ecosystem over the past decade. He said the integration with M-DAQ would allow METech to extend its expertise to businesses outside Vietnam by combining local infrastructure with regional reach.