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

Paytm

Paytm

Digital wallet

Paytm (short for "Pay Through Mobile") began as a prepaid mobile and DTH recharge platform.

ZaloPay

ZaloPay

Online banking

ZaloPay is a comprehensive mobile payment in Vietnam.

Pep

PeP

PeP: Discover payment solutions in Poland

PeP is an online payment solution for e-commerce in Poland. Discover other payment options at spoynt.com

google pay png

GPay

GPay: Discover payment solutions worldwide

GPay is a mobile payments method developed by Google. Discover other payment solutions at spoynt.com

QR Payment

QR Payment

QR Payment

QR Payment is a modern payment method that utilises codes.

Halo Pesa

Halo Pesa

Digital wallet

Halo Pesa is a pioneering mobile financial services platform.

PayBol

PayBol

PayBol: Discover payment solutions in Turkiye

PayBol is a digital wallet developed in Turkiye. Discover other payment solutions at spoynt.com

Logo (13)

Multibanco

Multibanco: Discover payment solutions in Portugal

Multibanco is Portugal’s most comprehensive payment system, offering a wide range of services from ATM withdrawals to online payments.

Logo (3)

Klarna

Klarna: Discover payment solutions

Klarna is one of the leading Buy Now Pay Later (BNPL) services globally, operating in over 17 countries and serving over 450,000 merchants.

Thai QR

Thai QR

Online banking

Thai QR Code Payments is an innovative digital payment method.

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.