MobiFone Money
MobiFone is the first mobile money service provider in Vietnam. Customers can use their telecommunications accounts to make different transactions such as payments, money transfers and savings, and cash withdrawals in banks and MobiFone transaction points across the country without having their own bank accounts or accessing to modern payment services. MobiFone’s service is expected to make e-payment accessible to all people, especially those in rural, mountainous, and remote areas. MobiFone was developed by the telecom company of the same name.
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Country
Vietnam
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Population
100 million (estimated)
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Number of Internet users
80 million (estimated)
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Popular payment methods
E-wallets, Debit Cards, Cash, Bank Transfers
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Credit Card
5%
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Debit Card
35%
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E-Wallets
30%
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Cash Payments
20%
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Bank Transfers
8%
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Other
2%
- Type: Mobile Payments
- Currency:Vietnamese Dong (VND)
- % of coverage:30% of Vietnam’s mobile users (estimated)
- Money transfers to date: VND 100 trillion annually (estimated)
- Total customers: 50 million users (estimated)
- Refunds: Yes (limited)
- Chargebacks: No
Mobiphone Money
Mobiphone is the pioneering mobile money service provider in Vietnam, enabling customers to use their telecommunications accounts for various transactions. These include payments, money transfers, savings, and cash withdrawals at banks and MobiFone transaction points nationwide, all without requiring a bank account. This service is particularly beneficial for people in rural, mountainous, and remote areas, making e-payment accessible to everyone. Developed by the telecom company MobiFone, this service aims to bridge the gap in financial inclusion across Vietnam.
With thousands of transaction points spread across 63 provinces and cities, Mobiphone ensures that transactions are easy and convenient. Users can recharge their accounts, top up their phones, make post payments, load data, pay for electricity and water bills, and buy mobile and data card codes. This extensive network of transaction points makes it simpler for users to manage their finances and access essential services wherever they are in the country.
Mobiphone’s e-wallets make it easy to pay for goods & services, benefiting Vietnamese businesses. B2B transactions are transformed with fast and secure fund transfers, reducing reliance on cash.
Pricing request
Our fare pricing is designed to bring satisfaction to both sides of our partnership. The pricing structure is tailored to your specific business type and monthly turnover. Kindly send us a request, including details about your business, and our dedicated success manager will promptly get back to you with our best offer.