Vietnam set to reach mobile wallet penetration of nearly 55 per cent by 2025

Vietnam set to reach mobile wallet penetration of nearly 55 per cent by 2025

Vietnam is set to see rapid expansion in terms of mobile wallet usage with mobile wallet penetration to reach nearly 55 per cent by 2025.
MoMo acquires AI company Pique AI

MoMo acquires AI company Pique AI

MoMo acquired all intellectual property rights of Pique AI, a company providing AI solutions to personalise customer experience for digital businesses.
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.
Initiative protecting digital SME assets

Initiative protecting digital SME assets

Vietnam’s small- and medium-sized enterprises have been advised on and connected to assistance programmes and solutions to accelerate tech application in developing and protecting digital assets and product traceability through a United States Agency for International Development initiative.
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.
Startups expand with fresh funding and portfolios

Startups expand with fresh funding and portfolios

Despite the global recession, Vietnamese startups have still been attracting millions of US dollars from foreign funds in the beginning of 2021.
E-wallets' promotion programmes see less appetising

E-wallets' promotion programmes see less appetising

Luring in e-wallet users by plentiful promotion activities seems to be less attractive as the payment method still occupies for a small proportion.  
Patience needed for startup success

Patience needed for startup success

Under pandemic-induced restrictions, capital for startups has been tightened as investment funds struggle with adversity.
MoMo announced its completion of Series D funding round

MoMo announced its completion of Series D funding round

MoMo held a successful Series D capital mobilisation, with Goodwater Capital, Kora Management, and Macquarie Capital among the largest names.
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.
MoMo on the road of being super app

MoMo on the road of being super app

MoMo is setting sights on becoming a super app, with the first step being the recent launch of its newest feature Du lich – Di Lai (Go travelling).
Alternative legal bases for VieON’s lawsuit on MoMo

Alternative legal bases for VieON’s lawsuit on MoMo

VieON has filed a lawsuit against e-wallet MoMo after having its contract terminated out of the blue, but while information is thin on the ground, communications from the over-the-top platform indicate it may have chosen a legal route harder to prove.
VieON users in mire after exit of MoMo

VieON users in mire after exit of MoMo

Even as major e-wallet platforms enhance partnerships with businesses to gain a foothold in the local market, locally-invested MoMo has suddenly cancelled its contract with an over-the-top platform, raising concerns over whether the e-wallet platform is strong enough without the alliance.
VieON experiencing payments disruptions with 45 per cent of customers after losing MoMo

VieON experiencing payments disruptions with 45 per cent of customers after losing MoMo

OTT platform VieON was left in the lurch by after a one-sided contract termination by MoMo.    
E-wallet 9Pay licensed by State Bank of Vietnam

E-wallet 9Pay licensed by State Bank of Vietnam

The State Bank of Vietnam has approved the official license of e-wallet 9Pay.
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