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Vietnamese fintech MFast launches in the Philippines



Vietnamese fintech firm MFast has launched in the Philippines to provide financial products. Led by Carolyn Rose G. Lao, an industry veteran, MFast aims to replicate its Vietnamese success through a learn-practice-earn framework, enabling individuals to become all-in-one agents. Founded in 2017 by Phan Thanh Long and Phan Thanh Vinh, MFast boasts 160,000 active agents in Vietnam, particularly in tier-2 and tier-3 cities. These agents, equipped with a comprehensive app, offer essential services in finance, banking, and insurance. Some agents in Vietnam earn over VND100m monthly (USD3,900), significantly above the average salary.

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