Momo is an electronic wallet, using accounts to pay for the most popular online transactions today such as: payment for electricity, water, tuition, top-up, buying movie tickets, … E-wallet activities are done by simply linking a bank account, recharging money into the wallet and paying for any linked service in a simple and convenient way. As long as you have a Smartphone, Wifi network and account, you can make all transactions anywhere.
M_Service Company was established in 2007, officially launched the MoMo e-wallet brand in 2010. The company has pioneered the way for the fintech and digital economy in Vietnam with the cooperation of 25 commercial banks. domestic and foreign are operating in Vietnam.
After 3 years of accelerating, MoMo’s ecosystem has been linked with 22 banks compared to the number of 5 banks before 2017. MoMo’s ecosystem has expanded with more than 20,000 domestic and international partners. all aspects. MoMo has a system of more than 100,000 points that accept payments from luxury restaurants to small retail businesses.
MoMo wallet currently has more than 20 million users, of which about 3.5 million people reside in remote areas. In particular, MoMo has become the number 1 financial application on the Android platform and also the most downloaded application on the App Store Vietnam.
In 2019, MoMo Wallet is honored to be the only representative of Vietnam present in the Top 50 leading companies of the list along with the world’s leading names such as: Ant Financial (China) JD Finance (China) , Grab (Singapore), Go-Jek (Indonesia), Opendoor (USA), Paytm (India), OakNorth (UK), …
According to Momo
