Shark Binh's arrest: Revealing the scale of the "golden goose" NextPay

(Dan Tri) - In Shark Binh's NextTech Group, NextPay plays a central role in the technology service ecosystem, providing a digital payment platform to support business households and small businesses in accessing digital infrastructure.

On October 14, Hanoi City Police announced that the Investigation Police Agency had prosecuted Mr. Nguyen Hoa Binh (commonly known as Shark Binh) - Chairman of NextTech Group - to investigate the crimes of "Fraudulent appropriation of property" and "Violating accounting regulations causing serious consequences".

Before getting into trouble with the law, Shark Binh was one of the prominent faces of the Vietnamese technology startup community. He is known as the founder of NextTech Group, which brings together dozens of companies operating in the fields of e-commerce, fintech, logistics and digital technology .

To date, NextTech has introduced its investment portfolio to include 5 units, including Ngan Luong payment gateway; AlePay payment solution; Vimo e-wallet; mPOS payment solution; and NextPay Digital Transformation Group Joint Stock Company.

Notably, NextPay is currently introduced as the center of a technology service ecosystem consisting of many different segments, with each business segment having corresponding supporting applications and fintech.

Specifically, in the electronic payment segment, the company introduces Vimo personal e-wallet; mPOS 0% card payment and installment payment solution; ATM 360 bill payment and collection agent service; PayOn payment link creation service; TingBox QR payment solution.

NextPay's ecosystem scale (Screenshot).

The financial accounting segment includes Vinvoice electronic invoices and MegaDoc electronic contracts.

In the field of human resources, the company has the digital transformation academy NextAcademy; in the field of AI cameras NextCam; specialized software includes NextPhar (pharmacy management), MySpa (Spa management), MySalon (solution for hair salons).

In the field of sales management, the company has mPOSDigital service (management for owners of units accepting mPOS payments); PosApp.

Along with Shark Binh, there are 9 other defendants, including Mr. Nguyen Huu Tuat - General Director of NextPay. Mr. Tuat is one of the longest-standing associates of Mr. Nguyen Hoa Binh, and is also a figure with significant influence in the development of NextTech.

Mr. Tuat graduated from the Faculty of Information Technology, University of Technology ( Hanoi National University). Together with Shark Binh, Mr. Tuat is one of the three founders of PeaceSoft - the predecessor of NextTech Group.

With a solid technical background, Mr. Tuat is considered a highly influential figure in the development of the NextTech ecosystem, contributing to turning the business from a small software startup into a multi-industry technology corporation.

Under Mr. Tuat's leadership, NextPay has strongly expanded its operations in the fintech sector, focusing on digital transformation and cashless payments. NextPay currently provides electronic payment solutions, POS machines, sales management software and TingBox smart devices...

These products are designed for individual and small business customers, helping them access digital payment infrastructure more easily and at lower costs.

According to information published by the company, NextPay currently has about 1,000 employees, present in 34 provinces and cities across the country, operating a network of more than 80,000 payment acceptance points, equivalent to 12% of the total number of POS points in the Vietnamese market.

According to Hanoi Police, in May 2021, Mr. Nguyen Hoa Binh and a number of associates contributed 5 billion VND (of which Mr. Binh contributed 2 billion) to develop the "AntEx digital currency" project, issuing 100 billion tokens. From August to November 2021, this group sold 33.2 billion tokens to about 30,000 investors, earning 4.5 million USDT (about 117 billion VND).

At the end of 2021, Mr. Binh continued to promote the project through the “Next100 Blockchain” Fund with a commitment to invest 50 million USD to strengthen investor confidence. The investigation results determined that the founding group withdrew money from 30,000 investor wallets, appropriating an exceptionally large amount of money.

The investigation agency has temporarily detained and frozen the money, securities accounts, and assets of the subjects, including nearly 600 taels of gold, 18 red books, 2 cars... with a total value of about 900 billion VND.

Hanoi police are continuing to expand the investigation and clarify violations and wrongdoings related to member companies in the ecosystem of NextTech Group.

Source: https://dantri.com.vn/kinh-doanh/vu-shark-binh-bi-bat-he-lo-quy-mo-cua-ga-de-trung-vang-nextpay-20251016175739926.htm