MoMo and MBV cooperate to expand the implementation of Postpaid Wallet products

According to the agreement, from now on, MoMo users can immediately receive a credit limit of up to 20 million VND from MBV through just 3 simple activation steps. This limit is flexible, supporting diverse payments from electricity and water bills, utilities, online shopping to other spending needs at all MoMo payment acceptance points.

The leaders and representatives of the two units conducted the cooperation signing ceremony.

The signing event marks an important milestone in the development strategy of Postpaid Wallet, demonstrating MoMo's long-term commitment to cooperating with banks to bring convenient, safe and affordable digital financial solutions to all classes of users, especially vulnerable groups who have little access to formal financial services.

Speaking at the signing ceremony, Mr. Nguyen Manh Tuong - Vice Chairman of the Board of Directors, General Director of MoMo emphasized: "Vietnam is facing a historic opportunity in the digital economic era. International organizations predict that by 2025, the Vietnamese consumer credit market could reach a value of 1,500 billion USD, with the main driving force being digital financial solutions. In that context, MoMo is proud to be a pioneer as the 'extended arm' of the banking system, bringing modern financial services to every street corner, from bustling industrial parks to remote rural areas. With a community of more than 30 million users and a network of hundreds of thousands of trusted small traders, I believe that the signing of cooperation with MBV today is not only a step forward in the business field, but also a strong commitment of MoMo to promote financial inclusion, contribute to shaping the digital economy and support the building of a digital government in Vietnam".

Launched in 2021, Postpaid Wallet has become a key product in MoMo's financial ecosystem, clearly demonstrating the vision of "financial inclusion", with the goal of helping vulnerable groups in society easily access mainstream financial services. With this strategic cooperation with MBV, MoMo continues to expand the scale and benefits of the product, bringing superior financial experience opportunities to consumers.

Using AI and Machine Learning technology, Afterpay Wallet eliminates the barriers of traditional procedures such as income proof or complicated paperwork. Credit limits are quickly approved based on usage behavior and spending history on MoMo, helping users access instant finance in the shortest time.

Source: https://thanhnien.vn/momo-va-mbv-hop-tac-mo-rong-trien-khai-san-pham-vi-tra-sau-185250314175450615.htm