The National Competition Commission has asked VNG Corp to revise its Zalo terms of service, stressing that users must be given a real choice rather than being forced to accept new conditions to continue using the platform.
Under the Circular No 41/2025 on intermediary payment services, e-wallet service providers must meet customers in person to verify their identity documents and verify biometric data before activating e-wallets.
Amid increasingly fierce competition in the digital payments sector, e-wallets are facing significant challenges to maintain their long-term viability.
Dragon Capital Vietnam Fund Management and MoMo officially signed a strategic cooperation agreement to deploy fund certificate investment products on the MoMo e-wallet, the first-ever of this type in Việt Nam, on June 7.
MoMo and mobile on-demand services platform Gojek have announced a strategic partnership that will see the former become the first e-wallet to be integrated into the Indonesian company’s app in Viet Nam.
A recent report by the Government showed out that cashless payments continue to become more popular, topping VND36.28 quadrillion (US$1.6 billion) in the first nine months of 2021.
E-wallet MoMo was awarded the "ESG Award for Excellence 2021" in Singapore for the efforts of businesses operating towards environmental, social and governance criteria in addition to financial goals.