This Week In Digital Payment - Vietnam's Cashless Economy Set for Rapid Growth

Vietnam's prepaid card and digital wallet market is poised for substantial growth, projected to increase by 26.6% annually, reaching $7.19 billion by 2025. This expansion is driven by the surge in e-commerce, government initiatives promoting cashless transactions, and innovations from fintech companies. The integration of prepaid cards with digital wallets is a key trend, enhancing transaction convenience and security for consumers. As the competitive landscape evolves, financial institutions and fintech firms are leveraging advancements in technology and the strengthening of domestic payment networks to enhance financial inclusion and reduce reliance on cash.

In other trading, Meritz Financial Group (KOSE:A138040) was a standout up 4.3% and finishing the session at ₩123,400, hovering around its 52-week high. Meanwhile, DNB Bank (OB:DNB) trailed, down 8.8% to end the day at NOK259.40.

DNB Bank's ability to navigate regional economic fluctuations swiftly impacts its profitability—click here to explore the nuances of its investment potential.

Don't miss our Market Insights article, "The Winners and Losers From The Stablecoin GENIUS Act," which explores the implications of new stablecoin regulations on digital payments—read before your next investment decision!

Best Digital Payment Stocks

• SoFi Technologies (NasdaqGS:SOFI) ended the day at $21.20 up 1.1%, hovering around its 52-week high.
• Visa (NYSE:V) ended the day at $347.93 down 2.2%.
• PayPal Holdings (NasdaqGS:PYPL) ended the day at $71.36 down 5.7%. On July 14, 2025, PayPal integrated with OKX to enable seamless crypto purchases across the EEA, enhancing PayPal's digital payment offerings.

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• Discover the full array of 205 Digital Payment Stocks, featuring Sberbank of Russia, Toast and Corpay, right here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Sources:

• Simply Wall St
• "Vietnam Prepaid Card and Digital Wallet Market Report 2025: Vietnamese Banks Launch Domestic Prepaid Programs to Boost Financial Inclusion" from Research and Markets on GlobeNewswire (published 07 July 2025)

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