This winning digital wallet serves as a super-app to its customers, from insurance and inclusive loans to educational and medical services. It also enables a mini-app function for merchant partners to provide an all-in-one experience.
The wallet has a pay-later function with a 30-day no-interest period, and only changes $0.70 cents per month afterward.
It has the highest user numbers and total processed value (TPV) among all the consumer digital payments in Vietnam. It has 31 million users onboard with over $22 billion TPV as of September 2022, constituting more than 60% of the payment market value across the country.
For its comprehensive digital solutions and robust payment network, the Best Digital Wallet in Vietnam is MoMo.