Việt Nam is a promising market for fintech companies thanks to its young demographic, strong e-commerce growth, and growing smartphone and internet penetration, a conference heard in HCM City on Thursday.

With cash still being the main payment mode, a youthful demographic and growing smartphone penetration, Việt Nam offers great opportunities for fintech developers, experts said.

Fintech is gaining popularity around the world as Southeast Asia, including Việt Nam, becomes a target for fintech’s global expansion.