Vietnam's smartphone penetration has just surpassed 50% and with its mobile ecosystem currently revolving around gaming and ads, the next phase in evolution is likely to be around mobile payments.
ANZ has announced a credit card joint venture with Sacombank in Vietnam, a market that is expected to undergo significant growth in the medium term. Given Vietnam's encouraging economic projections and the very small proportion of the population currently using banking services, this is positive strategic move by ANZ.
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