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.
Online payments via e-wallets on the rise
December 29, 2021 | 14:00
Gaining momentum through four social distancing periods, e-wallet payments, along with e-commerce continue to thrive in the new normal.
M-Service becomes Vietnam's latest unicorn with valuation of more than $2 billion
December 22, 2021 | 14:00
M-Service JSC, the parent firm of MoMo, has just become the country's latest unicorn with a valuation of more than $2 billion in its Series E round.
VNPAY e-wallet reduces burdens during pandemic with stellar refunds on utilities bills
September 16, 2021 | 10:17
VNPAY e-wallet offers instant payment of electricity and water bills with a 50 per cent refund of up to VND50,000 ($2.20) for new consumers.
Modern parents teach children how to use technology to manage spending
September 13, 2021 | 07:30
Parents are taking advantage of technology to help their children learn to manage spending and save more.
Consumer finance in major tie-up tendency
August 19, 2021 | 10:00
The pandemic-triggered turbulence continues to gnaw at the consumer finance industry in Vietnam, but some players are exploring potential new approaches to the challenges, particularly from some international investors.
Four reasons to make payments with VNPAY e-wallet during the pandemic
July 19, 2021 | 08:08
Customers are increasingly using the VNPAY e-wallet app to make daily payments and protect their health during the social distancing period and the resurgence of the COVID-19 pandemic.
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