M-DAQ and METech integration strengthens ASEAN payment technology
Singapore-based financial technology (fintech) group, M-DAQ Global, is integrating METech’s services as the licensed payment provider PayME in Vietnam to strengthen cross-border payment technology infrastructure within the ASEAN region.
The integration was formalised through the signing of a definitive agreement between M-DAQ Global, which operates in Indonesia via PT MDAQ Indonesia Technologies (Wallex), and METech.
“Over the last decade, we have been part of the Vietnamese financial ecosystem and deeply understand the needs of local businesses,” said METech Founder, Le Hoang Gia, in a written statement on Tuesday.
This move enables M-DAQ to possess licensed payment infrastructure in Vietnam, allowing it to process local collections and payments in Vietnamese Dong (VND).
“Through the integration with M-DAQ, we aim to bring that experience to a wider market by combining our local infrastructure with M-DAQ’s regional reach to unlock new growth opportunities in ASEAN. Together, we want to deliver faster, more reliable, and transparent cross-border payment standards,” said Le Hoang Gia.
Benefits in Indonesia
For Indonesian businesses operating in Vietnam, the integration is expected to accelerate payment flows, increase transaction efficiency, and reduce operational hurdles in cross-border trade.
The integration is also part of M-DAQ’s strategy to build an ASEAN Payments Hub that connects payment acceptance services, foreign exchange (FX) conversion, and cross-border payments across Southeast Asia.
This step also strengthens one of the primary trade corridors in Southeast Asia as digital trade activity between Indonesia and Vietnam continues to rise.
The integration of payment infrastructure is expected to support Indonesian entrepreneurs engaged in sales, procurement, or business transactions within Vietnam.
With direct access to VND collection and payment channels, M-DAQ is able to reduce reliance on third-party partners while strengthening control over key payment corridors in the region.
M-DAQ Global Group CEO Tan Choon Seng stated that Vietnam is one of the most dynamic growth markets in ASEAN and a vital part of the region’s digital transformation.
“Vietnam is one of the most dynamic growth markets in ASEAN and serves as a crucial pillar in Southeast Asia’s digital transformation. We are proud to establish M-DAQ’s first presence in Vietnam through this integration, while simultaneously strengthening our ASEAN strategy,” said Tan Choon Seng.
“This move opens new opportunities in Southeast Asia, strengthens inter-market connectivity, and supports the development of cross-border payment services that can scale alongside the growing needs of businesses in the region,” added Tan Choon Seng.
The METech integration continues M-DAQ’s expansion following its previous strengthening of presence in Malaysia through EasyPay and in Indonesia through Wallex. With the addition of METech, M-DAQ now holds five regulated licences covering four major ASEAN markets.