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Startups

Vietnam fintech sector set for 'bloodbath' competition

Merger of two startups heralds consolidation for fragmented market

The merger of VIMO and mPOS comes as competition in Vietnam's fintech sector heats up.

PHNOM PENH -- Vietnam's fast-growing but fragmented digital payments market is set for a wave of consolidation following the recent merger of e-wallet service VIMO and point-of-sale startup mPOS, with one analyst predicting a "bloodbath" as competition heats up.

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