The SIM cards were permanently disabled between March 2025 and May 2026 after authorities found they had been used to distribute large volumes of identical messages promoting online gambling.
MoMo has solidified its position as the most popular e-wallet in Vietnam for two consecutive years, according the Fintech Industry Rankings 2023 announced by Viettel’s information monitoring and analysis system on the network environment (Reputa).
MoMo E-Wallet and Starbucks Vietnam have freshly announced their cooperation that turns the former into the first of its kind integrated in the payment method at all Starbucks shops nationwide.
Despite having no small cash in his pocket, Hoang Duong can still pay for his cup of tea to a vendor in Quan Thanh street, Hanoi, by scanning a QR code from his smartphone even though the cost is only 3,000 VND (0.13 USD).
Vietnam has one of the newest and most dynamic start-up scenes in Asia, and it has emerged as a hub for start-ups, according to the recently released Emerging Giants in Asia Pacific report.
With a few clicks on an e-wallet platform installed on her mobile phone, Do Nhu Hoa, a 38-year-old office worker in Hanoi, can easily pay for her electricity and water bills.
Despite being a new player in Indonesia’s digital payment field, ShopeePay, the e-wallet arm of online marketplace Shopee, has become a market leader amid the e-commerce boom during the COVID-19 pandemic.
The COVID-19 pandemic in the last half of 2020 saw Vietnamese people download and use more phone applications than in 2019, according to the Mobile Application 2021 report from Appota Group.
MoMo, Vietnam’s biggest e-wallet firm, has finished its Series D financing round from leading global investors, announced the firm in Hanoi on January 13.
A ceremony has been held in Vientiane to mark two years of operation of U-Money e-wallet provided by Unitel, a joint venture between Viettel of Vietnam and a Lao company.
Currently, the OCB OMNI system deals with about 50,000 transactions a day, including money transfer, receipt payment, and mobile service payment, three times higher than the figure recorded at late 2019.
The Ministry of Finance (MoF) of Malaysia has launched a credit programme worth 750 million RM (179 million USD), aiming at boosting consumer spending in the country as one of initiatives under the Economic Recovery Plan (PENJANA).
Thailand is planning to sell 200 million THB (6.4 million USD) worth of savings bonds at an unprecedented face value of 1 THB each through the blockchain-based e-wallet system of Krungthai Bank (KTB).
Non-cash payments continue to boom in Vietnam this year as the country has seen a surge in banking transactions and mobile payments in the first four months of the year, according to an official from the State Bank of Vietnam (SBV).
Despite the impact of the COVID-19 pandemic, the retail market in Việt Nam in the first quarter of this year still recorded positive results from e-commerce, online shopping and delivery services.
The State Bank of Vietnam (SBV) has announced it would remove regulations limiting foreign ownership in local intermediary payment firms from its draft Decree No 101.
