28 million USD invested in e-wallet service
M_Service JSC, the operator of mobile e-wallet MoMo, on March 17 announced it has received an investment worth 28 million USD from Standard Chartered Private Equity (SCPE) and Goldman Sachs.
Illustrative photo (Source:MM)SCPE invested 25 million USD, while Goldman Sachs put in an additional 3 million USD on top of its initial 5.75 million USD investment in 2013.
MoMo provides the smartphone app e-wallet service and an over-the-counter (OTC) remittance and payment platform. It has more than 1 million mobile e-wallet customers in Vietnam .
Some 4,000 MoMo transaction points are already in service in 45 cities and provinces across Vietnam, allowing about 1.5 million customers access to financial services.-VNA
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