M-DAQ Global, a Singapore-headquartered foreign exchange and cross-border payments group, has signed definitive agreements to integrate with METech, the majority shareholder of licensed Vietnamese payments provider PayME. The deal gives M-DAQ its own regulated payments infrastructure in Vietnam, extending a regional network that already spans Malaysia and Indonesia.
Key Facts At A Glance
- M-DAQ Global signed definitive agreements with METech, majority shareholder of licensed Vietnamese payments provider PayME
- Deal signed and announced July 7, 2026
- Integration gives M-DAQ direct, regulated access to collect and pay out in Vietnamese dong (VND)
- Builds on earlier M-DAQ expansions via EasyPay in Malaysia and Wallex in Indonesia
- M-DAQ now holds five regulated licenses across four ASEAN markets
- Vietnam’s digital economy reached USD 72.1 billion in 2025, over 14% of GDP, per the country’s Ministry of Industry and Trade
- Vietnam’s domestic e-commerce market reached USD 31 billion in 2025
- Government targets raising the digital economy’s GDP share to 30% by 2030
M-DAQ Enters Vietnam With Direct Regulatory Access
M-DAQ Global has formalized a strategic integration with METech, the Vietnam-based majority shareholder of licensed payments service provider PayME. The agreement marks M-DAQ’s first direct operating presence in Vietnam and gives the group its own regulated infrastructure for processing local collections and payouts in Vietnamese dong, rather than relying on third-party partners for VND-denominated flows.
The move fits into M-DAQ’s broader strategy of building what the company calls a unified ASEAN Payments Hub, combining collection, foreign exchange conversion and payout capabilities under a single regional platform. The Vietnam integration follows earlier expansions through EasyPay in Malaysia and Wallex in Indonesia. With METech now part of the group, M-DAQ holds five regulated licenses spanning four ASEAN markets.
Local Infrastructure Meets Regional Scale
METech brings a decade of experience in Vietnam’s financial ecosystem, along with onshore banking relationships and regulatory expertise that M-DAQ says will connect the market to its wider regional platform. Group CEO Tan Choon Seng described Vietnam as one of ASEAN’s most dynamic growth markets and said the integration positions the company to support scaling businesses, including crypto and Web3 platforms, that require compliant financial infrastructure. METech founder Lê Hoà ng Gia said the partnership would let the company extend its domestic expertise to businesses operating beyond Vietnam.
Vietnam’s Growing Digital Economy
The expansion comes as Vietnam’s digital economy continues to scale. The country’s Ministry of Industry and Trade recorded a digital economy value of USD 72.1 billion in 2025, accounting for more than 14 percent of GDP, with government targets calling for that share to reach 30 percent by 2030. Domestic e-commerce reached USD 31 billion in 2025, placing Vietnam among ASEAN’s top three digital economies by that measure. Cross-border B2C e-commerce in the country is forecast to grow further in the years ahead.