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MoMo leads in e-wallet market: poll

MoMo was voted the most popular electronic wallet in Vietnam in 2019 in a poll conducted by Nhip Cau Dau Tu (Investment Bridge) magazine.
MoMo leads in e-wallet market: poll ảnh 1Nguyen Ba Diep (L), executive vice chairman and founder of MoMo, receives a certificate for the most popular electronic wallet in Vietnam in 2019. (Photo courtesy of the organiser)

HCMCity (VNS/VNA) - MoMo was voted the most popular electronic wallet in Vietnamin 2019 in a poll conducted by Nhip Cau Dau Tu (Investment Bridge)magazine.

The results were based on statistics from 20 e-wallet developers and 1,190votes from the magazine’s readers in the last five months.

The voting was based on identification and dissemination, most favoured andtrusted electronic wallet, ability to connect and expand with the bankingsystem and providers, convenience in transaction and use of apps, and safety.

Dang Nhat Minh, editor-in-chief of Nhip Cau Dau Tu, said: “The growth ofinformation technology has led to the development of e-commerce paymentsand online shopping. So e-wallets are more popular now. They are safe,convenient and time saving.”

“The poll also aims to boost the development of e-wallets and build asustainable platform for e-commerce payments in Vietnam,” Minh said.

MoMo, owned by Di Dong Truc Tuyen Services Joint Stock Company, has anestimated 10 million users.

Nguyen Ba Diep, executive vice chairman and founder of MoMo, said mobilepayments saw a year-on-year increase of 60-70 percent in the numberof users.

Diep said there were around 30 e-wallet service providers in Vietnam, but onlyfour of them have a high number of transactions, including MoMo,ViettelPay, ZaloPay and Moca.

Diep also said e-wallet service providers in Vietnam had worked hard to ensuresecurity to protect themselves and customers.

ZaloPay, developed by VNG Corporation, was cited as a diverse mobilewallet ecosystem that includes different types of services.

ZaloPay enables electronic payment for bills such as electricity, water,internet and TV as well as money transfer via QR code and connections with bankaccounts for cash withdrawals or charges.

Viettel Pay, launched by military-run telecom provider Viettel in April,has had strong growth. — VNS/VNA
VNA
#MoMo #e-wallet market #e-wallet developers #electronic wallets in Vietnam #Dang Nhat Minh #Nhip Cau Dau Tu #information technology #e-commerce payments #online shopping #e-commerce payments in Vietnam #Vietnam News Agency #vietnamplus
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