mobile money

Vietnam sees increase in Mobile Money users, reaching 3.9 million accounts

June 05, 2023 | 11:53

In Vietnam, the number of Mobile Money users has surpassed 3.9 million, with a notable concentration of over 2.7 million users in rural areas, mountainous regions, and remote areas, accounting for 69 per cent of the total user base.

Cashless Day 2023: digital payments drive financial transformation

May 29, 2023 | 14:50

With non-cash transactions surging by 53 per cent in volume and internet-based transactions skyrocketing by 88 per cent in volume, Vietnam's drive towards a cashless society is gaining momentous growth, empowering 75 per cent of its population with active

Mobile Money usage falls short

December 19, 2022 | 14:22

After one year of trial operation, the results of Mobile Money services fell below expectations owing to a number of factors, including customer hesitation and legal impediments.

Measures proposed to accelerate Mobile Money service deployment

July 23, 2022 | 14:16

Telcos are proposing diverse measures to boost the headcount of Mobile Money service users, accelerating the journey to cashless payments across the country.

Encouraging results with Mobile Money deployment

May 17, 2022 | 16:56

Le Anh Dung, deputy director of the Payment Department under the State Bank of Vietnam, noted that the Mobile Money service has grown positively.

Obstacles stand in way of mobile money

March 26, 2022 | 17:11

Mobile money (MM) has not gained much popularity in the country among mobile phone users due to several shortcomings.

How mobile money services operate

January 25, 2022 | 13:58

At the most basic level, mobile money is the provision of financial services through a mobile device, and the used applications are typically small pieces of software embedded on a SIM card or available over a mobile network.

Viettel to launch mobile money service

December 01, 2021 | 18:49

Viettel is the last Vietnamese telecom giant to join the mobile money race.

VNPT to launch mobile money through VinaPhone subscriptions

November 26, 2021 | 12:00

Vietnam Posts and Telecommunications Group (VNPT) has officially announced the pilot deployment of mobile money service across the country on November 25.

MobiFone to be first ICT operator licensed to deploy mobile money in Vietnam

November 19, 2021 | 10:42

MobiFone is the first local telecommunications operator to be granted permission to trial mobile money services across the country until November 2023.

Mobile money to be officially launched from October

September 27, 2021 | 22:11

Minister of Information and Communications Nguyen Manh Hung has just announced that mobile money would be launched in October.

Mobile money to bridge service divide

September 15, 2021 | 09:00

While telecommunications firms keep a wait-and-see stance on SMS service charge reductions despite mounting worries from banks. the forthcoming adoption of mobile money from some state-run groups is expected to bridge the gap between urban and rural areas in convenient cashless payments.