In brief: Singapore’s GIC makes first investment in a Vietnamese fintech company

• Singapore’s sovereign wealth fund GIC has led an investment in Vietnam-based payments firm VNPay, according to three people familiar with the development.
• Other players in Vietnam’s payment space include Warburg Pincus-backed MoMo, VNG’s ZaloPay, and Payoo (acquired by NTT Data).
• The financing for VNPay is GIC’s first investment in a Vietnamese fintech company.

Source: DealStreetAsia