There’s no later for Vietnam’s BNPL scene

We take a look at why BNPL is taking off in Vietnam. [Read from your browser]( Daily Newsletter --------------------------------------------------------------- Welcome to Tech in Asia's free Daily Newsletter! Get full access to our subscribers-only Daily Newsletter and other insightful analysis on the big and messy topics of Asia’s tech and startup community by [registering here](. --------------------------------------------------------------- Hello {NAME} My first encounter with buy now, pay later services was when I was living in Australia. While shopping with friends at our local mall, I noticed that several stores offered AfterPay as a payment option, although I had no clue at the time what that was. I eventually found out that Afterpay is a BNPL service, and I was a little baffled, because I didn’t understand why people would want to pay for a US$30 blouse or US$50 jeans in installments. I still don’t understand it now, to be honest, but I do understand why BNPL can be appealing to some - and why Southeast Asia has proven to be an interesting market for this payment method. Today’s premium story focuses on Vietnam and how its BNPL players are faring. -- Stefanie  ---------------------------------------------------------------  THE BIG STORY [Why Vietnam is buying into BNPL now, not later]( BNPL players see a huge opportunity in the country, where consumption is rising and only 4% of the population own credit cards. But can they deliver? ---------------------------------------------------------------  TECH IN ASIA ORIGINALS Tech in Asia Originals is where we produce video content that aims to breathe life into the people, companies, and markets in Asia's startup ecosystem. Explore all of our original videos [here](. [VC breaks down deck behind Wise’s $1.3m seed raise]( In this video, Cocoon Capital co-founder Michael Blakey breaks down what did and did not work in Wise’s pitch deck. He’s also candid about why he turned down Wise’s pitch and this exact deck a decade ago.  --------------------------------------------------------------- TRENDING NEWS [Philippine digibank Tonik to acquire B2B fintech firm TendoPay]( TendoPay provides companies with payroll-enabled financial solutions such as BNPL, emergency loans, and virtual cards to its employees. [Cred founder backs India-based real estate platform’s $12m round]( Blox said its series A funding round is the largest in India’s proptech sector. [US demands information on FTX employees from investors, partners]( The authorities are reportedly trying to find out more about FTX founder Sam Bankman-Fried and former Alameda Research CEO Caroline Ellison, SCMP reported. [Carousell lays off 10% of staff]( Quek Siu Rui, Carousell’s CEO and co-founder, said he had been “too optimistic” about the pace of the company’s impact versus its investments. [Fintech fundraising in Japan vs. Singapore]( While the two markets are converging in several ways, there still remain stark differences in the fundraising landscape between the two countries. [Can NFT-based private clubs disrupt a centuries-old model?]( A new type of private members’ club has emerged within Asia’s Web3 community with more substance than just status symbols. ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Tech Lead (Remote)]( at AwanTunai Jakarta, Indonesia - [Lead Product Manager]( at Jakmall Jakarta, Indonesia - [Human Resources Manager]( at PT Samala Serasi Unggul Jakarta, Indonesia - [Backend Engineer]( at Female Daily Network Jakarta, Indonesia - [Creative Manager]( at Populix Jakarta, Indonesia - [.Net Developer - Multifinance Industry]( at SIGMATECH Jakarta, Indonesia --------------------------------------------------------------- [ADVERTISE]( | [SUBSCRIBE]( P.S. Don't miss out on the biggest tech news and analysis. Add newsletter@techinasia.com to your address book, contacts, or safe sender list. Or simply move us into your inbox. Too many emails? Switch to a different frequency or get new content through our [preference center]( or [unsubscribe](. You can also break our hearts and remove yourself from all Tech in Asia emails over [here](  ---------------------------------------------------------------  Copyright © 2022 Tech in Asia, All rights reserved. 63 Robinson Road, Singapore 068894