02-Oct-18, Nikkei Asian Review 

FastGo, a Vietnamese ride-hailing app, plans to launch its service in Indonesia and Myanmar in Dec-18 as it hopes to become one of the top companies in the field in Southeast Asia.

Vietnams first car hailing app FastGo heads overseas (c) Nikkei Asian Review

Image: Nikkei Asian Review

This move abroad comes just four months after it launched in Vietnam, positioning itself as the company's answer to Singapore-based Grab, the biggest player in Southeast Asia, and Indonesia's Go-Jek, which launched its first overseas operation in Vietnam in Sep-18, GoViet.

FastGo offers a private car and taxi service in Hanoi, Danang and Ho Chi Minh City. It claims to have reached 20% of the local market with some 30,000 drivers registered on its system. The app was developed by MPOS Vietnam Technology, a tech startup created by FastGo's co-founder and chief executive Nguyen Huu Tuat. MPOS set up Vietnam’s first mobile payment solution in 2013 and has links with many local partners including banks and insurers.

 Read the full article  

 Technology, Media & Telecom insights