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MoMo is the only Fintech in the top 10 most popular mobile applications in Vietnam

Báo Sài Gòn Giải phóngBáo Sài Gòn Giải phóng21/03/2023


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The report "Vietnam Mobile App Popularity 2023" was published by Q&Me, operated by Asia Plus - a prestigious Japanese market research company - in mid-March 2023.

MoMo ranks top 1 in terms of both number of users and usage time.
MoMo ranks top 1 in terms of both number of users and usage time.

Accordingly, MoMo is the only Fintech in the top 10 most popular mobile applications in Vietnam. In particular, in the field of finance - banking and mobile payments, MoMo ranks top 1 most popular application in terms of both number of users and usage time.

MoMo is the only Fintech in the top 10 most popular mobile applications in Vietnam photo 1

According to the report “Most popular mobile applications in Vietnam 2023” by Q&Me, Vietnamese people spend about 6.2 hours/day using smartphones. On average, each Vietnamese person uses 20.5 applications in a week. Of which, 2/3 of the time is spent on social networking and messaging applications. Specifically, 6/10 names appearing in the “Top 10 most popular mobile applications” in terms of number of users are all familiar applications such as Facebook, Messenger, TikTok, Youtube, Instagram, etc.

It is worth noting that MoMo is the only Fintech to appear in this ranking. MoMo's performance also increased by 1 rank compared to 2022, from 8th to 7th place. The fact that MoMo is in the top 10 most popular mobile applications in Vietnam, standing next to the world's leading popular entertainment applications such as Facebook, TikTok... shows that financial products are increasingly penetrating into the lives of Vietnamese people and have become an indispensable technology application in the daily needs of Vietnamese people.

MoMo is the only Fintech in the top 10 most popular mobile applications in Vietnam photo 2

In the field of finance - banking and mobile payment (Mobile Payment/Bank Application/Finance), MoMo continues to be the top 1 most popular mobile application in terms of both number of users and usage time. Convenience, security and diverse utility services are the main factors that help MoMo maintain this achievement.

Q&Me's report also noted that 75% of smartphone users use mobile payment applications or online banking applications. This shows that in recent years, Vietnamese people's financial management and payment habits have changed significantly. Most Vietnamese people prefer cashless payment trends and investment and accumulation solutions on mobile applications.

This data reflects MoMo's sophistication and understanding of users when pioneering in providing investment, accumulation, and savings services, meeting the personal financial needs of Vietnamese people in recent years. Accordingly, MoMo pioneered cooperation with financial institutions and became the leading prestigious connection platform, providing users with a series of new services such as financial service payments, international money receiving support, access to consumer loans, investment and accumulation from small capital, buying insurance, buying gold online, saving online...

Appearing in the report “Most popular mobile applications in Vietnam 2023” continues to extend MoMo's series of outstanding achievements in 2023. Previously, in February 2023, MoMo held the top 1 position in the most popular Fintech on social networks, according to the 2022 Fintech Industry Ranking conducted by Reputa.



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