Vietnam's NextPay aims to raise $60-$100m in pre-IPO placement

E-payments provider looks to expand overseas such as in Indonesia and Myanmar

20200828 vietnam payment

In Vietnam, there has been strong competition between e-payments brands such as Momo, ZaloPay, VNPAY, Payoo, ViettelPay and NexPay. © Reuters

QUYNH NGUYEN, DealStreetAsia

HANOI -- Vietnamese e-payment solutions provider NextPay Holdings is considering a private placement to raise around $60-$100 million in the first quarter of next year, ahead of a planned stock market listing in 2022.

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