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It was 2 pm at a fashion shop on Thai Ha street in Hanoi and customers were waiting to make payments with their mobile phones.

E-wallets fight for VN market share

Twenty eight e-wallets have been licensed, but 80 percent of market share belongs to only five of them, according to the State Bank of Vietnam (SBV).

Investors keep pouring money into e-wallets despite losses

Most e-wallets are taking losses, but they are still calling for capital from foreign investors.

Investors spend big money to develop payment tools

An intermediary payment tool is the goal of many businesses, which want to develop their own ecosystems.

Giants make inroads into Vietnam’s intermediary payment service

The market is open to giants with enormous financial resources to become the leaders. However, this competition itself, as well as e-commerce, is predicted to be cutthroat.