Vietnam's e-wallet business model put to the test as competition intensifies

Vietnam's e-wallet business model put to the test as competition intensifies

Vietnam is increasingly a crowded market for e-wallet companies like Momo and ZaloPay. (Photo by Tomoya Onishi)

E-wallets in Vietnam witnessed explosive growth from 2018-2023 thanks to the government’s push to promote non-cash payments.

Edited by: Padma Priya