{"id":47897,"date":"2026-02-06T14:15:00","date_gmt":"2026-02-06T07:15:00","guid":{"rendered":"https:\/\/thaipropertynews.com\/feeds\/?p=47897"},"modified":"2026-02-06T14:15:00","modified_gmt":"2026-02-06T07:15:00","slug":"cake-digital-bank-pioneers-bank-led-cross-border-receivables-with-visa","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=47897","title":{"rendered":"Cake Digital Bank pioneers bank-led cross-border receivables with Visa"},"content":{"rendered":"

HO CHI MINH CITY, Vietnam<\/span>, Feb. 6, 2026<\/span> \/PRNewswire\/ — Cake Digital Bank (Cake) is among the first digital banks in Vietnam to pursue a bank-led approach to cross-border receivables, preparing to roll out a solution in collaboration with Visa as cross-border e-commerce and the digital economy continue to expand across Vietnam and Southeast Asia.<\/p>\n

The initiative positions Cake as an early mover among digital banks in Vietnam in bringing cross-border income flows into a fully regulated, onshore digital banking platform\u2014signaling its evolution from a domestically focused digital bank into a financial infrastructure enabler supporting Vietnam’s expanding digital economy.<\/p>\n

\n

\"Cake<\/a>
Cake partners with Visa on a bank-led cross-border receivables solution<\/span><\/p>\n<\/div>\n

According to Cognitive Market Research, the global cross-border e-commerce market reached USD 791.5 billion in 2024 and is projected to grow at over 30% in the coming years. Vietnam’s national e-commerce development plan for 2026\u20132030 also identifies cross-border e-commerce as a strategic pillar for strengthening the country’s digital economy and global competitiveness.<\/p>\n

Vietnam is seeing a sharp rise in individuals and small businesses generating income through global platforms such as Amazon, eBay, and Etsy. However, the cross-border receivables landscape remains highly fragmented. Sellers often rely on offshore payment intermediaries, resulting in complex operational processes, extended settlement timelines, and limited transparency around fees and foreign exchange costs.<\/p>\n

Against this backdrop, the initiative reflects a broader effort to bring overseas income flows back into Vietnam’s regulated banking system. By integrating cross-border receivables within an onshore digital banking framework, it reduces reliance on intermediary layers while improving transparency, settlement efficiency, and oversight of international cash flows.<\/p>\n

Mr. Nguyen Huu Quang, CEO of Cake Digital Bank, said: “Cross-border e-commerce is reshaping how individuals and small businesses in Vietnam participate in the global economy. With Cake GlobalX, we are taking an early step toward building bank-native financial infrastructure that supports greater transparency and efficiency in global cash flows.”<\/i><\/p>\n

The collaboration with Visa places the initiative within a global payment framework that meets international standards for security, compliance, and scalability. It reflects a shared commitment to adapting global payment capabilities for emerging digital economies, while maintaining strong regulatory and operational integrity.<\/p>\n

Ms. Dang Tuyet Dung, Country Manager, Visa Vietnam and Laos, commented: “Cake’s early-mover approach highlights the evolving role of digital banks in expanding cross-border financial access. Visa is pleased to collaborate with innovative institutions to help strengthen global financial connectivity for Vietnam’s growing digital economy.”<\/i><\/p>\n

Cake GlobalX is expected to be rolled out to the broader market in the near term, as demand for bank-led, transparent cross-border financial solutions continues to rise across Vietnam and Southeast Asia.<\/p>\n

Website: https:\/\/cake.vn<\/a>\u00a0<\/span><\/p>\n

<\/div>","protected":false},"excerpt":{"rendered":"

<\/p>\n

HO CHI MINH CITY, Vietnam<\/span>, Feb. 6, 2026<\/span> \/PRNewswire\/ — Cake Digital Bank (Cake) is among the first digital banks in Vietnam to pursue a bank-led approach to cross-border receivables, preparing to roll out a solution in collaboration with Visa as cross-border e-commerce and the digital economy continue to expand across Vietnam and Southeast Asia.<\/p>\n

The initiative positions Cake as an early mover among digital banks in Vietnam in bringing cross-border income flows into a fully regulated, onshore digital banking platform\u2014signaling its evolution from a domestically focused digital bank into a financial infrastructure enabler supporting Vietnam’s expanding digital economy.<\/p>\n

\n

\"Cake<\/a>
Cake partners with Visa on a bank-led cross-border receivables solution<\/span><\/p>\n<\/div>\n

According to Cognitive Market Research, the global cross-border e-commerce market reached USD 791.5 billion in 2024 and is projected to grow at over 30% in the coming years. Vietnam’s national e-commerce development plan for 2026\u20132030 also identifies cross-border e-commerce as a strategic pillar for strengthening the country’s digital economy and global competitiveness.<\/p>\n

Vietnam is seeing a sharp rise in individuals and small businesses generating income through global platforms such as Amazon, eBay, and Etsy. However, the cross-border receivables landscape remains highly fragmented. Sellers often rely on offshore payment intermediaries, resulting in complex operational processes, extended settlement timelines, and limited transparency around fees and foreign exchange costs.<\/p>\n

Against this backdrop, the initiative reflects a broader effort to bring overseas income flows back into Vietnam’s regulated banking system. By integrating cross-border receivables within an onshore digital banking framework, it reduces reliance on intermediary layers while improving transparency, settlement efficiency, and oversight of international cash flows.<\/p>\n

Mr. Nguyen Huu Quang, CEO of Cake Digital Bank, said: “Cross-border e-commerce is reshaping how individuals and small businesses in Vietnam participate in the global economy. With Cake GlobalX, we are taking an early step toward building bank-native financial infrastructure that supports greater transparency and efficiency in global cash flows.”<\/i><\/p>\n

The collaboration with Visa places the initiative within a global payment framework that meets international standards for security, compliance, and scalability. It reflects a shared commitment to adapting global payment capabilities for emerging digital economies, while maintaining strong regulatory and operational integrity.<\/p>\n

Ms. Dang Tuyet Dung, Country Manager, Visa Vietnam and Laos, commented: “Cake’s early-mover approach highlights the evolving role of digital banks in expanding cross-border financial access. Visa is pleased to collaborate with innovative institutions to help strengthen global financial connectivity for Vietnam’s growing digital economy.”<\/i><\/p>\n

Cake GlobalX is expected to be rolled out to the broader market in the near term, as demand for bank-led, transparent cross-border financial solutions continues to rise across Vietnam and Southeast Asia.<\/p>\n

Website: https:\/\/cake.vn<\/a>\u00a0<\/span><\/p>\n

<\/div>\n

<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[1],"tags":[],"class_list":["post-47897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/47897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47897"}],"version-history":[{"count":0,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/47897\/revisions"}],"wp:attachment":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}