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.