More payment methods

MoMo Pay

Revolutionising Mobile Payments in Vietnam

MoMo Pay is a leading mobile payment platform in Vietnam. It allows users to make cashless transactions, pay bills, and manage their finances using their smartphones. Developed by M_Service, MoMo Pay has rapidly gained popularity for its convenience, versatility, and role in driving Vietnam’s digital transformation.

% 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:Digital Wallet
  • Currency:Vietnamese Dong (VND)
  • % of coverage:40% of Vietnam’s population (estimated)
  • Money transfers to date: > 150 million transactions, around 30 trillion VND
  • Total customers: 31 million (estimated)
  • Refunds:Yes
  • Chargebacks:Yes

About payment system

MoMoPay stands as a driving force behind Vietnam’s transition to a cashless society, offering users a comprehensive mobile payment solution that integrates seamlessly into their daily lives. Users can download the MoMo app, link it to their bank accounts or cards, and enjoy a range of financial services at their fingertips.

The platform supports various transactions, including peer-to-peer transfers, utility bill payments, online purchases, and even cash withdrawals at authorized agents. To initiate a payment, users simply scan a QR code, enter a recipient’s phone number, or select a payee from their contact list.

MoMoPay’s significance is particularly pronounced in a country where mobile phone penetration is high, but traditional banking infrastructure may be less accessible. The platform bridges the gap between digital payments and financial inclusion, enabling users from all walks of life to participate in the modern economy.

MoMoPay’s commitment to security and user experience is evident in its encryption protocols, biometric authentication, and user-friendly interface. By providing a versatile and secure platform for mobile payments, MoMoPay has become a catalyst for change in Vietnam’s financial landscape, empowering individuals to embrace the benefits of digital transactions and shaping the country’s economic future.

Read all
Payment flow

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

Payment methods that also might be interesting

Logo (1)

Vipps

Vipps: Discover payment solutions in Norway

Vipps is Norway's leading mobile payment app, originally launched in 2015 by DNB. It allows users to make secure peer-to-peer transfers, pay for goods and services online, and settle group expenses with ease.

Logo (18)

Lydia

Lydia: Discover payment solutions in France

Lydia started as a peer-to-peer (P2P) payments app in France and has since evolved into a comprehensive financial services platform.

Logo (17)

Pagantis

Pagantis: Discover payment solutions in Spain

Pagantis is a prominent BNPL service provider operating in Southern Europe, including Spain, Italy, France, and Portugal.

TrueMoney

TrueMoney

Digital wallet

TrueMoney stands as a versatile digital payment platform.

Tigo Pesa

Tigo Pesa

Mobile money

Tigo Pesa is a prominent mobile money service in Tanzania.

Logo (19)

Redsys

Redsys: Discover payment solutions in Spain

Established in 2011, Redsys offers a comprehensive range of payment solutions for in-store and e-commerce transactions, supporting card payments, Bizum, and other local methods.

WeChat Pay China

WeChat Pay

Digital wallet

WeChat Pay is a mobile payment and digital wallet service integrated into WeChat.

Virtual Accounts

Virtual Accounts

Online banking

Virtual accounts are digital bank accounts that are created for specific purposes.

Alipay

Alipay

Digital wallet

Alipay is a digital payment platform that evolved into one of the world’s largest.

Equitel

Equitel

Online banking

Equitel is a transformative mobile banking platform that has reshaped financial transactions.

Show all payment methods
Pricing

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.