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.
Visa partners with Vietnamese e-wallet apps

Visa partners with Vietnamese e-wallet apps

Visa has announced a new partnership with three popular e-wallets in Vietnam – MoMo, VNPAY, and ZaloPay.
Vietnamese game behemoth VNG eyes international growth in 2023 strategy

Vietnamese game behemoth VNG eyes international growth in 2023 strategy

Vietnamese tech giant VNG Corporation has announced its global expansion strategy for 2023, focusing on enhancing its core products and investments in AI.
VNG reveals increased losses

VNG reveals increased losses

VNG's 2022 financial report shows significant losses amidst rising expenses.
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.
Grab integrates ZaloPay into its super app platform

Grab integrates ZaloPay into its super app platform

Grab has teamed up with Vietnamese e-wallet ZaloPay to expand the selection of payment options on its super app platform.
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.
Renewing VNG after mistaken banking foray

Renewing VNG after mistaken banking foray

Vietnam’s first unicorn business could be tested on how it can ride out the bumps and find new growth potential, especially since its digital banking project failed to obtain a legal licence, it saw massive losses in e-commerce platform Tiki, and has hesitated to file for an initial public offering.
Vietnamese e-wallets charm investors

Vietnamese e-wallets charm investors

Hefty sums found their way to Vietnamese e-wallets from diverse partners during the year, turning the segment into one of the investment hotspots.
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. 
VNG takes loss from Tiki in stride

VNG takes loss from Tiki in stride

Despite the value of VNG's investment dropping like a stone, VNG plans to take the blow and wait out brighter times.