MoMoPay

MoMoPay is Vietnam’s most popular digital wallet, boasting over 23 million active users. The primary product is a mobile app that facilitates transactions directly from users’ mobile devices. Accepted by more than 80% of food and beverage outlets and 70% of supermarkets in Vietnam, MoMoPay has become a ubiquitous payment solution in the country.

MoMoPay allows customers to store, send, and receive money using their phones. This versatility ensures that users can conduct transactions easily, regardless of their device type or network provider. The convenience of MoMoPay means that customers can make purchases without the need for cash or cards. Its widespread acceptance across various industries, including retail, online gaming, IT services, professional services, travel and hospitality, and more, makes it a versatile tool for managing daily expenses.

For businesses, MoMo proves to be a convenient tool to streamline payments. Offering MoMoPay at checkout provides significant advantages: it enables customers to make purchases without using cash or cards, which can enhance the shopping experience and potentially increase sales. MoMoPay’s integration is straightforward, with transparent pricing that includes no setup or hidden fees. 

Fees are negotiable based on online sales volumes, making it a cost-effective solution for businesses of all sizes. This payment method is especially beneficial for industries like retail, online gaming, IT services, professional services, travel and hospitality, transportation and airlines, social networks and entertainment, housing and utilities services, and lending, including microfinance organizations (MFO).