Vietnamese digital payment firm MoMo on May 18 announced that it now provides customers of Apple Store Online in Vietnam with flexible payment options with the launch of monthly installments.
MoMo, Vietnam’s leading super app, has been named among the Top 10 Global Platforms by TABInsights, the research arm of The Asian Banker magazine.
Vietnamese digital payment firm Momo and American multinational financial services company Western Union on March 20 announced a strategic collaboration enabling customers to receive Western Union money transfers on the MoMo app.
The modern e-wallet market in Vietnam is surging and is expected to reach 50 million active users by July 2024, experts said.
Vietnam is a top market in adopting new technologies, in which 58% of digital consumers have used online banking solutions, e-wallets, money transfer applications, and digital banking.
VOV.VN - Prime Minister Pham Minh Chinh received executives of Warburg Pincus and Glenfarne Group in New York on May 15, and attended the opening ceremony of an office of FPT Software, a subsidiary of the FPT Group, in New York city on May 15, as part of his working visit to the US and the UN.
Fintech and e-commerce accounted for 70% of total venture capital in the country last year, and this trend is predicted to continue in 2022, Dau tu (Vietnam Investment Review) reported.
A record high of US$1.35 billion was poured into Vietnamese startups last year, making the country among the most attractive destinations for startups in the region.
In the latest fund-raising round, financial technology startup MoMo received US$200 million of investment capital, bringing its total value to over US$2 billion.
VOV.VN - Vietnam records one of the highest e-payment growth rates in the world, about 35% per year.