MoMo is Vietnam’s leading mobile e-wallet and over-the-counter (“OTC”) remittance and payment platform. It processes millions of transactions for a large and growing customer base of over 2.5 million people.
MoMo, with over 1 million mobile e-wallet customers, provides to consumers through a simple, one-touch, smartphone-based application more than 100 convenient services, including money transfer, bill payment, collection and disbursement, and mobile commerce.
Importantly, MoMo also has a physical network of over 4,000 OTC agents across 45 provinces that enable MoMo to also provide these same convenient services for 1.5 million customers throughout those areas of Vietnam where banking services and smartphones are less prevalent.
MoMo brings best practices from foreign markets such as Bangladesh, the Philippines and Kenya, where mobile money has successfully addressed unmet customer needs and provided enduring benefits to the broader economy.