M-DAQ Global, the Singapore-headquartered FX and cross-border payments group, has signed definitive agreements for a strategic integration with METech, the majority shareholder of PayME, a licensed payments service provider in Vietnam.
The move advances M-DAQ’s plan to build a unified ASEAN Payments Hub covering collection, FX conversion, and payout across the region. M-DAQ now holds its own regulated payments infrastructure in Vietnam, enabling it to process local collections and payments directly in Vietnamese Dong, reducing reliance on third-party partners.
The integration builds on earlier expansions through EasyPay in Malaysia and Wallex in Indonesia. With METech in the group, M-DAQ holds five regulated licenses, including across four key ASEAN markets.
“Vietnam is one of ASEAN’s most dynamic growth markets and a key pillar for the region’s digital transformation. We are proud to mark M-DAQ’s first direct presence in the country through this integration, advancing our ASEAN-focused strategy,” said Tan Choon Seng, Group CEO of M-DAQ Global. “The next wave of digital business and innovators, including crypto and Web3 platforms, are increasingly recognising that scaling requires robust, fully compliant financial infrastructure. This milestone positions us well to unlock new opportunities across the region, strengthen connectivity between markets, and drive the next phase of scalable cross-border payments.”
Vietnam’s digital economy reached USD 72.1 billion in 2025, over 14% of national GDP, with the government targeting 30% by 2030. Domestic e-commerce reached USD 31 billion in 2025, among the top three in ASEAN, according to the Ministry of Industry and Trade. Cross-border B2C e-commerce is forecast to reach USD 13.39 billion by 2031.
“We have established a deeply entrenched presence within Vietnam’s financial ecosystem over the past decade, developing substantial expertise by serving the local business community,” said Lê Hoàng Gia, Founder of METech. “With this integration with M-DAQ, we are keen to extend our expertise to businesses beyond Vietnam, combining local infrastructure with regional reach to unlock new growth opportunities across ASEAN. Together, we are setting a new standard for how cross-border payments can be executed with speed, reliability, and transparency.”
M-DAQ operates across seven countries and territories. METech, through Ho Chi Minh-headquartered PayME, runs payment gateways, QR payments, digital wallets, and salary advance services.