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The State Bank of Vietnam (SBV) and Tuoi Tre (Youth) newspaper held a press conference on May 26 in Ho Chi Minh City announcing the fourth edition of Cashless Day 2023, an initiative aimed at promoting non-cash payments in Vietnam.
A report by Decision Lab shows important information about the Vietnamese e-wallet market. Unicorn MoMo is leading in terms of popularity.
The cashless payment landscape in Vietnam is experiencing a surge of activity, with MoMo emerging as the dominant player in the e-wallet sector.
Vietnam ranks second in Southeast Asia in the number of app downloads with 3.5 billion downloads last year, according to data analytics firm Data.ai.
Customers who have an active e-wallet with any bank can scan Reliance General Insurance's e-Rupee QR code to make immediate payments