Tag: Momo

MoMo e-wallet and Starbucks Vietnam have announced a cooperative arrangement in which the former becomes the first e-wallet used for payments at all of the latter’s stores nationwide. Ms. Patricia Marques, General Director of Starbucks Vietnam, said that, nowadays, with increasing demand for convenient payments, e-wallets are a feature that Starbucks Vietnam wants to apply in its stores. It is expected that the two sides will research and deploy more services, offer new features, and improve the user experience.

Gojek and MoMo announced a strategic cooperation on March 14, under which the MoMo e-wallet will be integrated into Gojek’s services such as GoRide, GoCar, and GoFood in Vietnam in order to introduce a new non-cash payment method. The cooperation will give Gojek’s customers the option of paying via e-wallet in addition to credit card, debit card, and cash.

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.