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ZaloPay
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VNG losses deepen on ZaloPay
Tech unicorn VNG posted a consolidated loss of VND372 billion ($15.9 million) for Q2 after making a provision of VND595 billion for its investment in Zion, operator of e-payment service ZaloPay.
VNG to post record losses
Vietnam tech unicorn VNG Corp expects revenues to surge by 33 percent this year, but losses to rise nine-fold to an all-time high.
ZaloPay reports losses of $36.5 mln
Zion JSC, which owns e-payment service ZaloPay, said it racked up losses exceeding VND840 billion ($36.5 million) in the first nine months this year.
November 4, 2021 | 03:00 am PT
Vietnamese spend average of $21 daily via e-wallet
Vietnamese e-wallet users performed 1.6 to 2.2 transactions on digital platforms daily in Q4 2019 with an average spending of VND500,000 ($21), according to a survey.
March 31, 2020 | 06:14 pm PT
Gaming firm VNG lowers Zalopay stake
Gaming firm VNG has reduced its stake in wholly-owned payment intermediary Zalopay to 60 percent by issuing shares to other investors.
February 5, 2020 | 03:41 am PT
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