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 ...

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