Southeast Asia has at least 150 e-wallet licence holders, and firms including Grab, Go-Jek, Tencent Holdings <0700.HK>, Ant Financial, Singapore Telecom
HO CHI MINH CITY/HONG KONG/SINGAPORE: Just next to Ho Chi Minh City's financial district, two dozen street vendors' stalls display colourful adverts for e-wallets backed by private equity firm Warburg Pincus, ride-hailing firm Grab and Singapore sovereign wealth fund GIC, among others.
Between them, the stalls - selling everything from crab soup to Vietnamese Banh My sandwiches - accept payment from most of Vietnam's 28 different e-wallets, which also allow users to make cash transfers through their mobile phones.
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