On January 9, 2026, right after the announcement conference for the establishment of the Vietnam International Finance Center in Da Nang (IFC), the Da Nang City People's Committee officially confirmed that PayD became a member of the IFC.
PayD's official participation in IFC Da Nang occurs as Vietnam completes the legal framework for the International Finance Center in Ho Chi Minh City and Da Nang. In this model, IFC Da Nang is aimed at being an experimental space for new financial-technology models, linked to innovation and digital transformation. The selection of PayD to participate in the IFC reflects the selective orientation of implementing units in a cautious manner, compliant and with a long-term vision from the initial stage.
PayD positions itself as a Vietnamese fintech pursuing international financial standards, with the aim of providing a simple, safe, and familiar payment experience for tourists, especially international guests who are accustomed to digital assets and stablecoins. Instead of focusing only on domestic users, PayD sees the opportunity in the global tourist flow choosing Vietnam, with Da Nang being a strategic destination due to its advantages in tourism infrastructure, technology, and an open approach to innovation. By allowing users to carry stablecoins like USDT and use them to pay for goods and services through designed compliance models, PayD hopes to bridge the gap between digital assets and the real economy, making the spending experience seamless.
PayD office at the Vietnam International Finance Center in Da Nang
Joining the IFC is not seen as the finish line, but as the starting point of a new development phase. Before becoming a member of an international financial ecosystem, PayD has chosen a slower path compared to many other fintechs, prioritizing the construction of product frameworks, internal processes, risk management, and compliance according to the logic that “fintech does not need to be fast, it needs to be correct and compliant.” Being accepted by the IFC is a form of initial “validation” for that direction, helping PayD to have a stronger basis for expanding cooperation and developing a partner network in Da Nang and in the future in other localities.
PayD is honored to welcome Deputy Prime Minister Nguyen Hoa Binh to visit the office at the Vietnam International Finance Center in Da Nang
According to Mr. Le Duc Hanh - General Director of PayD, participating in IFC Da Nang helps the business to contribute its experience in implementing digital payment solutions while verifying the operational model related to stablecoins within a controlled experimental scope. Through this process, PayD aims to work with stakeholders to finalize the model, ensuring safety, compliance, and alignment with the practical conditions in Vietnam.
From a practical perspective, Da Nang is being selected as an experimental area for innovation models, including financial-technology solutions linked to the needs of residents and tourists. Within the framework of the IFC, the application of stablecoins in payments is implemented in a monitored manner, contributing to expanding the approach to digital assets in a practical usage direction. Models like PayD focus on usability in life, serving familiar spending activities such as dining, accommodation, shopping, and tourism experiences in Da Nang.
The Lunar New Year and peak tourist seasons are ideal times to validate such models. When the number of international visitors increases significantly, especially those who are used to using stablecoins on personal wallets, the ability to make convenient payments at the destination helps alleviate their concerns about exchange rates, conversion fees, or barriers in accessing traditional banking systems in a new country. With the support of the IFC, PayD has the opportunity to prove that Vietnamese fintech can indeed create financial experiences along new trends while still adhering to international standards, contributing to the image of a modern, open Da Nang to serve tourism development.
