Payments
MoMo in Vietnam: what foreign sellers need to know
MoMo is Vietnam's largest e-wallet, operated by M_Service JSC.
Key figures
- Usage in Decision Lab's survey, Q2 2024
- 62%
- Decision Lab, Connected Consumer survey Q2 2024 (online panel, n=1,478), share who use each digital finance platform · where we cite it
- Profitable since
- 2024
- Company disclosures (MoMo, VPBank/Cake, VNLIFE/VNPay) and press coverage · where we cite it
What it means for a foreign seller
MoMo reports 30+ million users (October 2026), and 62% of the online panel in Decision Lab's Q2 2024 survey said they use it. For a consumer checkout it is the usual first wallet to add. People hold several wallets, so user counts overlap.
We have not found a reliable published rate card. Our merchant comparison gives ~1.5–2.5% as an indicative wallet fee, and the real figure depends on the payment rail, your volume, your category and your contract. Ask for the rate card in writing and model your payment mix before you sign.
A foreign business usually accepts MoMo through a registered Vietnamese entity, a local partner or a licensed payment provider. Payment intermediaries are licensed by the State Bank of Vietnam.
This profile only repeats figures already sourced on the linked pages; it is not a company filing or an endorsement. Spot a change? Tell us.