Gojek shakes hands with MoMo

Gojek shakes hands with MoMo

Gojek and MoMo have announced a strategic partnership, integrating the latter’s wallet on the Gojek app in Vietnam.
SBV combats illegal gambling and betting activities through e-wallets

SBV combats illegal gambling and betting activities through e-wallets

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.
More unicorns emerge as mega deals pave way for startups

More unicorns emerge as mega deals pave way for startups

Total funding into Vietnamese startups over the past year is likely to have reached a new high with more startups crossing over into a unicorn status.
Netstars Vietnam partners with M-service to promote non-cash payment for TeteShop users

Netstars Vietnam partners with M-service to promote non-cash payment for TeteShop users

Netstars Vietnam Co., Ltd. signed a collaboration agreement with Mobile Online Services JSC (M service) in early December 2021.
M-Service becomes Vietnam's latest unicorn with valuation of more than $2 billion

M-Service becomes Vietnam's latest unicorn with valuation of more than $2 billion

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.
MoMo bags $200 million in Series E fundraising round

MoMo bags $200 million in Series E fundraising round

MoMo raised about $200 million in equity financing from leading global investors including in its Series E fundraising round.
Mizuho Bank to invest $170 million and acquire 7.5 per cent stake in M-Service

Mizuho Bank to invest $170 million and acquire 7.5 per cent stake in M-Service

Japanese megabank Mizuho Bank is reported to invest around $170 million to acquire a 7.5 per cent stake in M-Service, the company behind e-wallet MoMo.
Consumer finance in major tie-up tendency

Consumer finance in major tie-up tendency

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.
Incredible potential in reach for fintech

Incredible potential in reach for fintech

Fuelled by generous amounts of venture capital, Vietnam’s fintech landscape is flying high on Singaporean investors’ agenda, promising to offer more innovative customer value propositions than traditional banks.
Top insurance businesses adopting digital systems

Top insurance businesses adopting digital systems

As consumers now demand greater customer services, major foreign insurance companies operating in Vietnam are embracing digital channels as they believe seamless and enhanced experiences across multiple access channels are indispensable to success.
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.
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