Payment type |
Digital wallets |
---|---|
Channel | Online In person |
Register of Region | VN |
Support of Region | Vietnam |
Settlement currency | USD,VND |
Payment Cost |
Momo e-wallet provides a one-click online payment solution for all smartphone users, offering hundreds of services. Momo e-wallet is not limited to money transfers, but also extends to bill payments and areas such as movie tickets and air tickets.
MoMo's ecosystem has been applied to various fields such as consumer finance, insurance, money transfers, utility bill payments, entertainment, e-commerce, shopping, transportation and catering.
Following Asian technology giants such as Tencent WeChat, Indonesia's Go-Jek, and Singapore's Grab, MoMo has also rapidly developed into a lifestyle "super app", and has currently attracted tens of thousands of partners in multiple fields such as consumer finance, insurance, e-commerce, shopping, and travel.
Momo now has more than 100 "mini programs". The Momo super app provides consumers with a more immersive experience. Without downloading any external applications, users can remit or pay bills, purchase insurance policies, and pay for goods at more than 100,000 payment points across Vietnam.
For example, if you come to Starbucks for a cup of coffee, wouldn't it be more convenient and efficient to pay with your smartphone?
With the Momo QR code, you can scan, edit the price and then buy. Convenient, right? Anything that helps shorten your wait time at Starbucks. What else? — Momo e-wallet often gives you extra cashback points.
In addition to leveraging a huge customer database, investors are looking forward to MoMo's "super app" vision. Because this e-wallet will cater to all daily behaviors with payment functions, i.e. savings, gas stations, schools, hospitals, etc. This is the key infrastructure for Momo to grow into an all-in-one daily super app.
The Momo super wallet has been integrated into daily life. People take a taxi to the office in the morning and pay with the Momo super app. Users can also use the e-wallet to pay for lunch, shop at the supermarket, book movie tickets and make payments. Momo is everywhere.
Shopper scans the QR code on the web using MoMo app
Shopper reviews payment information from the app
Shopper confirms payment
Payment is complete
Shopper proceeds to checkout
Shopper chooses MoMo, among payment methods available
Shopper is redirected and logs in with PIN or biometrics
Shopper confirms payment
Payment confirmed
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