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MobiFone

mpowering Mobile Transactions and Financial Management in Vietnam

MobiFone is a mobile payment platform offered by one of Vietnam’s leading telecommunications providers. Designed to cater to the evolving needs of the Vietnamese population, MobiFone Pay offers users a platform for making mobile payments, transferring funds, and accessing a range of financial services through their mobile devices.

% of coverage
  • Country

    Vietnam

  • Population

    100 million (estimated)

  • Number of Internet Users

    80 million (estimated)

  • Popular payment methods

    E-wallets, Debit Cards, Cash, Bank Transfers

% of coverage
  • Credit Card

    5%

  • Debit Card

    35%

  • E-Wallets

    30%

  • Cash Payments

    20%

  • Bank Transfers

    8%

  • Other

    2%

Payment Method Overview
  • Type:Mobile Wallet
  • Currency:Vietnamese Dong (VND)
  • % of coverage:95% (estimated)
  • Money transfers to date:50 trillion (estimated)
  • Total customers: 20 million (estimated)
  • Refunds:Yes, limited to certain conditions
  • Chargebacks:Yes, limited to certain conditions

About payment system

MobiFone Pay stands as a versatile mobile payment platform that goes beyond traditional transactions, offering users a wide array of financial and lifestyle services. Users can link their bank accounts or cards to the MobiFone  app, granting them access to a range of functionalities that streamline their financial activities.

In addition to core mobile payment and fund transfer features, MobiFone Pay users can pay utility bills, top up mobile credit, purchase event tickets, and engage in other lifestyle-related transactions. This multifaceted approach makes MobiFone Pay a valuable tool for both financial management and everyday convenience.

MobiFone Pay’s significance is underscored by its role in supporting financial inclusion and reducing the reliance on cash transactions. By leveraging the widespread use of mobile phones in Vietnam, MobiFone Pay empowers users from various regions and backgrounds to access modern financial capabilities.

The platform’s dedication to security, user experience, and innovation is evident in its robust authentication methods, encryption protocols, and user-friendly interface. As MobiFone Pay continues to expand its offerings and user base, it contributes to shaping Vietnam’s digital financial landscape, fostering greater financial accessibility, and enhancing convenience for users across the country.

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Payment flow

The customer selects Visa as their payment option and enters their credit card details to complete the payment.

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