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December 11, 2021 | 12:12

Japanese bank to outlay $170mln for 7.5% of MoMo owner

Phi Yến

Japan’s Mizuho Bank will spend ¥20 billion ($170 million) on acquiring a 7.5 per cent stake in M-Service, the owner of MoMo e-wallet, one of the leading payment applications in Vietnam with 20 million users. Established in 2007 and headquartered in Ho Chi Minh City, M-Service is trying to turn MoMo into a super application that allows users to access various services.

Japanese bank to outlay $170mln for 7.5% of MoMo owner
Photo: Illustration

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The original article is written and published on VnEconomy in Vietnamese, then translated into English by Askonomy – an AI platform developed by Vietnam Economic Times/VnEconomy – and published on En-VnEconomy. To read the full article, please use the Google Translate tool below to translate the content into your preferred language.
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