How big is the Vietnam Mobile Payments Market?

The Vietnam Mobile Payments Market size is expected to reach USD 43.30 billion in 2024 and grow at a CAGR of 9.84% to reach USD 69.23 billion by 2029. Read More

What is the current Vietnam Mobile Payments Market size?

In 2024, the Vietnam Mobile Payments Market size is expected to reach USD 43.30 billion. Read More

Who are the key players in Vietnam Mobile Payments Market?

ZaloPay, National Payment Corporation of Vietnam, MoMo (M_Service), Viettel Digital Services Corporation and Grab are the major companies operating in the Vietnam Mobile Payments Market. Read More

What years does this Vietnam Mobile Payments Market cover, and what was the market size in 2023?

In 2023, the Vietnam Mobile Payments Market size was estimated at USD 39.04 billion. The report covers the Vietnam Mobile Payments Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Vietnam Mobile Payments Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the future trends in Vietnam's Mobile Payment Market?

The future trends in Vietnam's Mobile Payment Market are a) Growth of contactless payments b) Integration with loyalty programs c) Potential for cashless ecosystems Read More

Vietnam Mobile Payments Market Report | Industry Overview, Size & Forecast

Vietnam Mobile Payments Industry Overview

The Vietnam mobile payments market is moderately consolidated and consists of several major players. The major players with a prominent share in the market such as M_Service, Viettel Digital Services, ZaloPay, National Payment Corporation of Vietnam, GrabPay, etc., are focusing on expanding their customer base across foreign countries through the adoption of various technologies.

April 2022 - ZaloPay developed the Accumulation Account product as an electronic wallet with various user advantages. To invest and make money, anyone may use idle funds up to a maximum of 10,000 VND. Profit is paid daily at a rate of 5% annually. The product is controlled by BIDV and ACB Fund Management Company Limited (ACBC) to make savings deposits at Vietnamese banks.
June 2023 - Samsung Vina Electronics, a subsidiary of Samsung Electronics, signed a memorandum of understanding (MOU) with Shinhan Bank Vietnam, which offers corporate users various banking and financial services, to establish a strategic relationship between the financial products of Shinhan Bank and Samsung Wallet. The partnership will serve as a foundation to accelerate a convenient and comfortable lifestyle for Galaxy users and Shinhan customers within the scenario of mobile payment making its way to all activities and entertainment of Vietnamese customers.