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Business trends

E-payment soars in Vietnam as a solution to skimpy bank coverage

Spread of mobile devices has companies scrambling to cash in on fintech boom

Passengers can use the e-payment MoMo app to pay for Uber rides in Vietnam. The app is one of many online payment platforms that are gaining popularity in the country.   © Reuters

HANOI -- Electronic payment is taking off in Vietnam as people solve the problem of spotty bank coverage with payment apps and other online services.

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