June 04, 2023 | 07:30

Mobile Money users at over 3.9 million

Hồng Vinh

69% of users are in remote and mountainous areas.

Mobile Money users at over 3.9 million

More than 3.9 million people in Vietnam had used Mobile Money services as of May, including over 2.7 million in rural, mountainous, border, and island areas, or 69 per cent, figures from the Telecommunications Department at the Ministry of Information and Communications show.

Mobile Money enables people in remote areas to access banking services.

There are 9,953 Mobile Money services trading points nationwide and 15,326 service payment acceptance points.

Over 26.1 million transactions were carried out using Mobile Money services with a total value of more than VND1.68 trillion ($70.8 million).

The State Bank of Vietnam permitted the Mobile Money service to be carried out on a trial basis from November 2011 to November 2023.

Attention
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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