Ho Chi Minh, Vietnam – Singapore-headquartered fintech firm M-DAQ Global has signed definitive agreements for a strategic integration with METech, the majority shareholder of licensed payments service provider PayME, as it expands its cross-border payments infrastructure into Vietnam.
The move gives M-DAQ its first direct presence in Vietnam and forms part of its strategy to establish a unified ASEAN payments network. Through the integration, the company will gain regulated payments infrastructure in the country, allowing it to process local collections and payments directly in Vietnamese dong (VND).
According to the company, direct access to local payment rails is expected to reduce its reliance on third-party providers and improve the speed and efficiency of cross-border payment flows for businesses operating in and out of Vietnam.
The integration also expands M-DAQ’s licensed footprint across Southeast Asia. Following previous expansions through EasyPay in Malaysia and Wallex in Indonesia, the addition of METech brings the group’s total to five regulated licences spanning four key ASEAN markets. M-DAQ said the broader network is intended to support cross-border collections, foreign exchange conversion, and payouts 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. 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.”
M-DAQ said Vietnam represents an important market for regional expansion, citing the country’s growing digital economy and cross-border commerce opportunities. The company noted that Vietnam’s digital economy reached an estimated US$72.1 billion in 2025, accounting for more than 14% of national GDP, while the government aims to increase this contribution to 30% by 2030. It also cited data from Vietnam’s Ministry of Industry and Trade showing the domestic e-commerce market reached US$31 billion in 2025, placing the country among ASEAN’s three largest digital economies. The company added that Vietnam’s cross-border business-to-consumer e-commerce market is projected to grow to US$13.39 billion by 2031.
METech, which has operated within Vietnam’s financial services sector for more than a decade, will contribute local regulatory expertise, banking relationships, and payments infrastructure to the combined platform. M-DAQ said the companies serve complementary customer segments and expect the integration to strengthen regional payment connectivity between Vietnam, other ASEAN markets, and international trade corridors.
Lê Hoàng Gia, Founder of METech, added, “We have established a deeply entrenched presence within Vietnam’s financial ecosystem over the past decade, developing substantial expertise by serving the local business community. 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.”
