Singapore-headquartered fintech M-DAQ Global has signed definitive agreements for a strategic integration with METech, the majority shareholder of PayME, a licensed payments service provider in Vietnam, giving M-DAQ its own regulated payments infrastructure in the country with direct access to Vietnamese dong collection and payout rails.

In a statement on Tuesday, M-DAQ said the integration is its first direct presence in Vietnam and builds on previous expansions through EasyPay in Malaysia and Wallex in Indonesia. As a result, M-DAQ currently holds five regulated licenses, including across four key ASEAN markets. The expansion can advance the company’s strategy to build a unified ASEAN Payments Hub providing integrated collection, FX conversion, and payout capabilities across the region.

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. The integration positions M-DAQ to unlock new opportunities, strengthen connectivity between markets, and drive the next phase of scalable cross-border payments, the executive added.

Le Hoang Gia, Founder of METech, said the company has established a deeply entrenched presence within Vietnam’s financial ecosystem over the past decade. The integration with M-DAQ will extend its expertise to businesses beyond Vietnam by combining local infrastructure with regional reach.

Vietnam’s digital economy reached $72.1 billion in 2025, accounting for over 14 percent of GDP, with the government targeting 30 percent by 2030. The country’s domestic e-commerce market reached $31 billion in 2025, placing Vietnam among ASEAN’s top three digital economies according to the Ministry of Industry and Trade. Vietnam’s cross-border B2C e-commerce market is forecast to grow to $13.39 billion by 2031.

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