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Vietnamese gradually shift away from cash

Vietnamese gradually shift away from cash

More than half of Vietnamese carried less cash last year than in 2022, a new survey by payment company Visa has found.
Vietnam to have 50M digital wallets this year

Vietnam to have 50M digital wallets this year

The number of active digital wallets in Vietnam will surge by 40% to 50 million by the end of this year, according to by financial data provider FiinGroup.
February 26, 2024 | 08:48 pm PT
Google launches digital wallet service in Vietnam

Google launches digital wallet service in Vietnam

Google launched its digital wallets in Vietnam Tuesday, allowing people to use them with Visa credit and debit cards issued by certain banks.
November 15, 2022 | 06:42 am PT
Mobile wallet MoMo becomes ‘unicorn’ startup

Mobile wallet MoMo becomes ‘unicorn’ startup

E-wallet MoMo has completed its $200-million Series E funding round and reached a valuation of over $2 billion.
December 21, 2021 | 07:13 pm PT
Japanese bank to spend $170 mln to acquire Momo stake

Japanese bank to spend $170 mln to acquire Momo stake

A Japanese bank is expected to spend $170 million to acquire 7.5 percent of M-Service, which operates Vietnamese e-wallet app Momo.
December 11, 2021 | 03:00 am PT
Vietnam ranks third in ASEAN fintech funding attraction

Vietnam ranks third in ASEAN fintech funding attraction

Vietnam ranks third in attracting funding in the fintech industry with $375 million, accounting for 11 percent of the six major ASEAN economies, a report shows.
November 12, 2021 | 01:00 am PT
Fintech firm NextPay seeks to raise $100 mln

Fintech firm NextPay seeks to raise $100 mln

E-payment company NextPay Holdings plans to raise up to $100 million in the first quarter next year via a private placement.
September 5, 2020 | 11:45 pm PT
Vietjet to set up e-wallet subsidiary

Vietjet to set up e-wallet subsidiary

The Vietjet Air board has approved the setting up of an e-wallet service in which the carrier will own a 51 percent stake.
June 15, 2020 | 08:18 pm PT
Vietnam scraps plans to limit foreign ownership in e-payment firms

Vietnam scraps plans to limit foreign ownership in e-payment firms

Vietnam’s central bank has decided not to cap foreign ownership of e-payment companies at 49 percent after consulting with experts.
February 11, 2020 | 05:00 am PT
Digital payment market consolidates under big names

Digital payment market consolidates under big names

Although Vietnam has 28 licensed e-wallets, 70-90 percent of market share has shifted between six big players.
November 10, 2019 | 07:00 pm PT
Vietnam mulls 49 percent cap on foreign ownership at e-payment firms

Vietnam mulls 49 percent cap on foreign ownership at e-payment firms

Vietnam’s central bank wants to cap foreign ownership at 49 percent for e-payment companies to foster domestic fintech enterprises.
November 6, 2019 | 07:12 pm PT
E-wallet transaction limits impede e-payments: VCCI

E-wallet transaction limits impede e-payments: VCCI

Transaction limits will prevent electronic payments growth in Vietnam, says the Vietnam Chamber of Commerce and Industry.
June 27, 2019 | 07:19 pm PT
SBV to remove daily transaction cap for e-wallets

SBV to remove daily transaction cap for e-wallets

The State Bank of Vietnam plans to scrap the VND20 million ($856) daily transaction limit for e-wallet users, only retaining a monthly cap.
June 12, 2019 | 06:13 pm PT
E-wallets Vimo and mPOS to merge

E-wallets Vimo and mPOS to merge

NextPay, formed by the merger of Hanoi-based payment startups Vimo Technology and Vietnam mPOS Technology, will raise $30 million.
June 11, 2019 | 05:59 pm PT
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