MoMo app wins Asian Banker best mobile payment solution

VOV.VN - Launched in June 2014, MoMo, a mobile payment service providing financial services to low income customers in Vietnam, has won the award for best mobile payment solution of 2016 by the Asian Banker.

The MoMo payment app currently works with more than 100 service providers throughout Vietnam enabling low income customers to load cash into their M_Service online account, withdraw it when they want, make bill payments, and other activities that most people generally do through a regular bank account.
  

MoMo provides new channels for customers who don’t have a regular bank account at a financial institution, who have a mobile phone, to access traditional retail financial services customarily provided by the bank’s debit and credit cards,via an extensive distribution network of online mobile operators.

The payment system, said Duc, is integrated with 24 domestic banks, as well as international payments networks including Visa, MasterCard and JCB.

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