Mobile Money

Update news Mobile Money

Le Anh Dung, deputy director of the Payment Department under the State Bank of Vietnam, noted that the Mobile Money service has grown positively.

Ministries to discuss promotion of Mobile Money in Vietnam

The benefits of Mobile Money for Vietnamese are undeniable, but it is difficult to change people's spending and payment habits.

Removing regulations that restrict Mobile Money flexibility

Mobile Money started in late 2021 on a trial basis. Initial results have been good, but many problems still exist.

More than 1.1 million customers register for Mobile Money service

The total number of customers registering for and using the Mobile Money service reached more than 1.1 million by the end of March.

Obstacles stand in way of mobile money

Mobile money (MM) has not gained much popularity in the country among mobile phone users due to several shortcomings.

Mobile Money still "finding the way"

Mobile Money was under consideration for three years, with the expectation of becoming a "personalized wallet" for every Vietnamese citizen, but after three months of trial, the results are not as good as expected.

Over 463,000 users of Mobile Money service reported nationwide

More than 463,000 people have used Mobile Money as of February 11, over one month after Viettel and VNPT launched the cashless payment service, according to the Ministry of Information and Communications.

Telecom providers launch Mobile Money service

Telecommunications isn't the booming industry it once was, thanks to the mobile market becoming saturated in recent years. This shift is forcing telecom providers to look for "new spaces" - one of which is Mobile Money.

Vietnam encounters challenges launching Mobile Money service nationwide

The introduction of the Mobile Money service in Vietnam raises a question of its possible attractiveness, as people can easily use the Internet for their financial activities.

State Bank grants Mobile Money license to Viettel

The central bank received three applications for Mobile Money service and has licenced all of them - VNPT, MobiFone and Viettel.

VNPT launches Mobile Money service

The Vietnam Posts and Telecommunications Group (VNPT) has become a Mobile Money service provider after its official launch of the service on November 25.

MobiFone becomes first Mobile Money service provider

MobiFone has become the first telecoms company to provide Mobile Money services in Vietnam after receiving permission from the State Bank of Vietnam on November 18.

Vietnam to pilot Mobile Money service for two years

Vietnam will pilot Mobile Money service across the country for two years before officially launching it, according to Deputy Governor of the State Bank Dao Minh Tu.

Mobile Money to be piloted in Vietnam in October

The Ministry of Information and Communications will licence the Mobile Money service in early October to promote digital transformation and the digital economy in Vietnam.

Mobile Money paves way to apply 'sandbox' for new services

The trial Mobile Money service allowed by the Prime Minister will set a precedent for applying a "sandbox" scheme for new services and professions in digital society.

Mobile money to bridge service divide

While telecommunications firms keep a wait-and-see stance on SMS service charge reductions despite mounting worries from banks. 

Calls for cashless payments to take-off in Vietnam

The prolonged COVID-19 pandemic has unexpectedly created "golden" conditions for the financial industry to accelerate digital transformation and shift to cashless payments.

Vietnam vows to place 5 million farming households on e-commerce sites

Deputy Minister of Information and Communications Pham Anh Tuan has urged creating detailed plans on putting farming households on e-commerce sites.

Three mobile network providers seek permission to launch mobile money services

Three mobile network operators - Viettel, VNPT and MobiFone - have applied for the implementation of their own Mobile Money pilot projects.

Pilot Mobile Money service to be licenced next month

Local telecommunications network providers have been approved to pilot several Mobile Money services next month after more than two years of waiting. These services will allow the use of mobile phone credit to pay for small-value goods and services.