E-wallet players look to take hold of market gaps

E-wallet players look to take hold of market gaps

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

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

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.
Online payments via e-wallets on the rise

Online payments via e-wallets on the rise

Gaining momentum through four social distancing periods, e-wallet payments, along with e-commerce continue to thrive in the new normal.
Visa and Moca team up to accelerate online shopping and digital payments

Visa and Moca team up to accelerate online shopping and digital payments

Visa and Moca will encourage consumers to save their Visa payment card-on-file to make fast, convenient, and secure online payments on Grab and other platforms.
E-wallet groups take on losses to get ahead

E-wallet groups take on losses to get ahead

Despite offering more payment options and benefits like promotions to customers – which make e-wallets an attractive alternative to traditional payment methods – many of the present players are facing heavy losses in Vietnam.
Mobile money attempts to topple classic banking

Mobile money attempts to topple classic banking

The newly-launched mobile money pilot programme is expected to heat up competition for domestic players but also open collaboration opportunities to cash in on the niche market.
E-wallet services to facilitate online payment convenience

E-wallet services to facilitate online payment convenience

While there have been issues relating to peer-to-peer and other digital lending and e-payments solutions in Vietnam as of late, one of the most advanced areas of fintech in the country currently is the increasing use of e-wallets.
The state of play in the Vietnamese e-wallet arena

The state of play in the Vietnamese e-wallet arena

The competition in the e-wallet market is heating up with Moca, MoMo, and ZaloPay among the big players scaling up to win over new customers.
E-wallet services start to gain momentum in Vietnam

E-wallet services start to gain momentum in Vietnam

E-wallet services are taking off in Vietnam, which is used mostly for mobile top-up, money transfer,  utility bill payments, food delivery and ride-hailing payments, according to the latest report by Cimigo Market Research Company. 
Grab to inject $500 million into Vietnam in next five years

Grab to inject $500 million into Vietnam in next five years

Grab announced investing $500 million into Vietnam over a period of five years to tap into opportunities in fintech, new mobility solutions, and logistics.
Grab starts introducing GrabPay by Moca

Grab starts introducing GrabPay by Moca

Grab is starting to introduce GrabPay, the cashless payment solutions of Moca to bring swift, seamless, and secure payment experience to Grab users in Vietnam.