TRY FOR FREE

MoMo App Transaction Volume Growing at 30-50% per Month [Vietnam]

MoMo, a mobile money service operated by M_Service JSC, said that it has hit one million with regard to the number of its users. According to Manh Tuong Nguyen, Vice President at M Service, the app is growing beyond expectations compared with the previous year, with a growth rate of 30-50% per month. The company also claims that the app now stands as the most downloaded app in the Apple store in Vietnam.

Launched in June 2014, MoMo is a mobile wallet service offered in partnership with Vinaphone. It allows users to pay online and make person-to-person money transfers within a few seconds. T ...

To continue reading, sign up for MEDICI Inner Circle and get free access for 7 days.
100,000+ FinTech professionals trust MEDICI Inner Circle to stay up to date on the latest in financial services.

RECOMMENDED