MoMo Wallet Vietnam: The Super App Reaches 20 Million Users Worldwide

MoMo Wallet Has 20 Million Users

With the integration of big data, AI technology, MoMo super app will help its businesses partners reach a large number of customers more efficiently with lower costs.

Nguyen Manh Tuong, Vice Chairman and President of The Firm

MoMo E-wallet Pushes For Wider Use Of Cashless Payment

Hanwha Life Vietnam signs strategic cooperation with MoMo e-wallet

Saigon Co.op & MoMo to push digitalization

Modern payment activities will drive up the rate of cashless transactions through Saigon Co.op facilities, from below 5% to 30%, in the next five years. Aside from the MoMo e-wallet, customers can use bank cards for payments.

Nguyen Anh Duc, Deputy General Director of Saigon Co.op

PVOil & MoMo partner in cashless payments

MoMo’s biggest goal is to serve every essential need of the Vietnamese people. This partnership with PVOil is therefore a great honor for MoMo, bringing modern payment methods to millions of customers of PVOil and MoMo.

Mr. Pham Thanh Duc, CEO of MoMo

The cooperation of FPT IS and MoMo

A Closer Look At Vietnam’s E-Wallet War

  • MoMo — is one of the oldest players to heat up the e-wallet race in Vietnam. This E-wallet offers to users a variety of promotions. Consequently, MoMo has gained a large number of users. The survey also shows that MoMo is mostly used for money transfers, and utility bill payments.
  • ZaloPay — is built by the top Vietnam’s most popular messenger app called Zalo. Hence, ZaloPay can take advantage of Zalo’s large database and famous brand to acquire new users.
  • Moca — has quickly become a big player because of a strategic partnership with Grab. For that reason, Moca can enjoy a huge advantage of Grab — ride-hailing platform.

Vietnam’s online payment booms during COVID-19

It is predicted that, after the COVID-19 epidemic, e-payments will grow strongly and replace traditional payment methods in the near future

Truong Cam Thanh, ZaloPay Director

COVID-19: A growth for Vietnam’s Fintech

Conclusion

Our experience

  • Earn fees and commissions from transactions
  • Monetization opportunities
  • Advertising opportunities
  • When comparing to create a single app, the cost, resources, and time in building super app is higher.
  • A great user experience will make your users happier.
  • If your services are too specific, it might not make sense to integrate them into one platform.

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AgileTech Vietnam

AgileTech Vietnam

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A quality outsourcing/offshoring company in Website/Mobile Apps, Blockchain services, AI - big data services. Visit our website: https://agiletech.vn