2,000+
startups participated to date
2,000+
startups participated to date
125
finalists
34
overall winners awarded
$2 billion
collectively raised by startups
How might start-ups leverage social media platforms to create seamless financial or banking experiences for Millennials?
Millennials (18 to 34) make up 34% of Vietnam’s population. They may be introduced to banking service (domestic cards can be used as the student ID cards) upon the entrance into universities. They are no stranger to cards with majority holding domestic cards but only 1 in 5 holds international cards (credit/debit). They perceive the banking process/procedure bureaucratic and inefficient. Our research indicates that they love technology, convenience & security.
Today, they mostly use cash but are willing to change if there is an alternative that is clear, simple and appealing. In addition, there is a strong preference for digital platform as they shop, dine and socialize together.
Challenge: How might start-ups leverage social media platforms to create seamless financial/banking experience for this segment?
E-commerce is one of the key drivers for the Payment Volume growth in Vietnam. However, 95% of E-commerce Volume is on Cash on Delivery (CoD)
Challenge: How might start-ups give consumers a digital pay-on-delivery solution that meets their needs far better than cash?
How might start-ups innovate to expand acceptance and provide value-added services to merchants?
With the population of 95 million, and a thriving emerging middle class, there are about 250K POS in Vietnam. Expanding acceptance in high frequency, small ticket spend categories will be one of the key drivers to accelerate electronic payments for the emerging middle class.
Challenge: How might start-ups innovate to expand the acceptance and provide value-added service to merchants?
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Winner
VND500,000,000
Financial Inclusion Award: VND100,000,000
Audience Favourite Award: VND100,000,000
Application Period
24 May – 24 July 2018
Finalists announced
8 Aug 2018
Finals*
22 Aug 2018
*Finalist will be announced on the day of the Finals
Tung Le, CEO, Eyeq – EyeQ (Vietnam)
Winner
Hai Ho, CEO, Triip – Triip (Vietnam)
Audience Choice Award Winner
Phan Hong Minh, CEO, JupViec - JupViec (Vietnam)
Financial Inclusion Award Winner
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