VietNamNet Bridge - With the increasing popularity of e-wallets, more foreign money is being poured into the business field. 

E-wallets have been changing, struggling to exist among stiff competition. No e-wallet dominates the market, with many of them designed to serve specific ecosystems targeted by investors.

VietNamNet Bridge - The domestic e-wallet market has not developed well in the last eight years since the first e-wallet was licensed, though there are 16 e-wallet service providers.

VietNamNet Bridge - Many e-wallet systems were started for the primary reason to create an ecosystem for e-commerce, but their owners fear they may not make money from the service.

VietNamNet Bridge - Established in 2013, 1Pay is a startup project developed by MOG Vietnam. However, unlike other mobile payment platforms, which focus on the domestic market, 1Pay developers have decided to take risks to develop overseas.

VietNamNet Bridge - With the strong development of e-commerce, more and more e-wallets are now available in Vietnam, but they are still not that useful.

VietNamNet Bridge - No bank cards or wallets are necessary. Just  tap the ring integrated with NFC (Near Field Communication) chip at a POS (point of sale), and a payment transaction will be implemented. 

VietNamNet Bridge - E-wallets are developing strongly in Vietnam again after many years of slow growth.

 VietNamNet Bridge – An e-wallet service boom was predicted by e-commerce experts to occur in 2009, following the appearance of the first e-wallet in the market in 2008, but the service has not been popular with the public.