MoMo Pay

Accelerating Vietnam’s Shift to a Cashless Digital Economy
MoMo Pay is one of Vietnam’s top mobile wallet platforms, developed by M_Service to simplify everyday financial tasks. With just a smartphone, users can pay bills, make purchases, transfer money, and manage their accounts—all in one app. Its ease of use and broad functionality have made MoMo a key player in Vietnam’s digital payment revolution.
Country:
Vietnam
Population (Vietnam)
100 million (estimated)
Number of Internet users
80 million (estimated)
Popular payment methods
E-wallets, Debit Cards, Cash, Bank Transfers
Credit Card
0%
Debit Card
0%
E-Wallets
0%
Cash Payments
0%
Bank Transfers
0%
Other
0%

Type:

Digital Wallet

Total Customers:

31 million (estimated)

Currency:

Vietnamese Dong (VND)

Money transfer volume:

> 150 million transactions, around 30 trillion VND

Coverage:

40% of Vietnam’s population (estimated)

Refunds:

Yes

Chargebacks:

Yes

Type:

Digital Wallet

Total Customers:

31 million (estimated)

Currency:

Vietnamese Dong (VND)

Money transfer volume:

> 150 million transactions, around 30 trillion VND

Coverage:

40% of Vietnam’s population (estimated)

Refunds:

Yes

Chargebacks:

Yes

About payment system

MoMoPay has emerged as a key player in Vietnam’s shift toward a cashless economy, offering a robust mobile payment platform that fits seamlessly into users’ everyday routines. By downloading the MoMo app and linking it to their bank accounts or cards, users gain access to a wide array of convenient financial services. The platform supports multiple types of transactions, including money transfers between individuals, bill payments, online shopping, and even cash withdrawals through authorized agents. Payments can be made easily by scanning QR codes, entering a recipient’s phone number, or selecting contacts directly from the app. In a country where mobile connectivity is strong but access to traditional banking can be limited, MoMoPay plays a vital role in expanding digital financial access. It helps close the gap between underserved populations and modern financial tools, driving greater inclusion across Vietnam’s diverse communities. MoMoPay also prioritizes safety and simplicity. With features like biometric login, secure encryption, and an intuitive interface, the platform offers both security and ease of use. As Vietnam continues to modernize its financial ecosystem, MoMoPay stands at the forefront, enabling individuals to embrace digital payments and contributing to the country's evolving economic landscape.

Always at your service

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Always at your service