MoMo leads in e-wallet market: poll

HCM CITY – MoMo was voted the most popular electronic wallet in Việt Nam in  二0 一 九 in a poll conducted by Nhịp Cầu Đầu Tư (Investment Bridge) magazine.

The results were based on statistics from  二0 e-wallet developers and  一, 一 九0 votes from the magazine’s readers in the last five months.

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

Đặng Nhật Minh, editor-in-chief of Nhịp Cầu Đầu Tư, said: “The growth of information technology has led to the development of e-co妹妹erce payments and 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 a sustainable platform for e-co妹妹erce payments in Việt Nam,” Minh said.

MoMo, owned by Di Động Trực Tuyến Services Joint Stock Company, has an estimated  一0 million users.

Nguyễn Bá Diệp, executive vice chairman and founder of MoMo, said mobile payments saw a year-on-year increase of  六0- 七0 per cent in the number of users.

Diệp said there were around  三0 e-wallet service providers in Việt Nam, but only four of them have a high number of transactions, including MoMo, ViettelPay, ZaloPay and Moca.

Diệp also said e-wallet service providers in Việt Nam had worked hard to ensure security to protect themselves and customers.

ZaloPay, developed by VNG Corporation, was cited as a diverse mobile wallet 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 bank accounts for cash withdrawals or charges.

Viettel Pay, launched by military-run telecom provider Viettel in April, has had strong growth. — VNS