e-wallet

Widespread adoption of digital payments taking hold

August 15, 2024 | 10:26

Vietnam’s payment sector is rapidly growing, with significant advancements in mobile money, QR code transactions, and e-wallet services led by dozens of payment intermediary organisations.

E-wallet players look to take hold of market gaps

August 08, 2024 | 09:53

The competition among e-wallets is intensifying after Moca’s withdrawal, and the remaining brands are all seeking suitable strategies to address profitability and aim for sustainable development.

Vietnam accelerating towards a cashless society

July 26, 2024 | 17:22

For the first time, the Vietnamese legal framework formally defines electronic money. Under Decree No.52/2024/ND-CP, electronic money..

The most innovative strategies for e-wallet survival

June 17, 2024 | 15:00

Upon hearing that Grab is shutting down Moca, I felt compelled to share my thoughts as someone who has been involved in the e-wallet sector since the State Bank of Vietnam’s pilot programme in 2008.

E-wallet firms restructure for best interests of customers

June 17, 2024 | 13:00

Intense competition in Vietnam’s e-wallet market is driving strategic shifts and forcing some players to rapidly develop apps or seek mergers.

Fintech groups and banks linking up for new payment partnerships

August 07, 2023 | 15:17

Vietnam’s payment fintech landscape is witnessing a surge in partnerships between foreign giants like Apple Pay and local banks, while local payment apps are teaming up with international firms, signalling promising growth prospects for the digital payment sector.

MoMo dominates Vietnam's e-wallet market with 68 per cent share

May 24, 2023 | 16:30

The cashless payment landscape in Vietnam is experiencing a surge of activity, with MoMo emerging as the dominant player in the e-wallet sector.

Fintech enterprises deploying innovative e-wallet initiatives to capture fair share

March 09, 2023 | 13:00

A wide variety of innovative payment systems are expected to assist Vietnam in moving closer to its objective of achieving financial inclusion and a cashless society in the not-too-distant future. However, there will be fierce competition.

Cashless payments take over the streets

August 20, 2022 | 10:00

Cashless payments made through scanning QR codes or other online payment methods at grocery stores or roadside eateries are becoming a bigger habit of many Vietnamese consumers.

SBV combats illegal gambling and betting activities through e-wallets

January 23, 2022 | 09:35

The State Bank of Vietnam is intensifying investigations to fight against illegal gamblings via e-wallets, following recent media reports covering allegations related to MoMo's e-wallet.

E-wallet providers continue conquering local user base

January 14, 2022 | 14:00

Competing with huge promotions is no longer a sustainable strategy of e-wallet providers. In the context of a sharp increase in the number of users of digital payment methods and competition from new forms of payment, e-wallets have been constantly evolving and expanding cooperation to increase presence in the market.