Launching the feature of receiving money from the bank via phone number

MoMo users can receive money from any bank via an account number that is a phone number, even if the sender does not use the MoMo application.

MoMo officially launches the feature to receive money via MoMo phone number as the account number. Photo: TL

On October 21st, MoMo officially launched the feature of receiving money via bank account number that is also the MoMo phone number, becoming a pioneering payment intermediary connecting and opening a direct money receiving channel from the banking system.

Besides the QR code method, MoMo users can receive money from any bank via account number that is their phone number, even if the sender does not use MoMo.

When making a transaction, the sender simply accesses their banking app, selects "MoMo" from the list of beneficiary banks, enters the recipient's MoMo phone number, and confirms the transaction. The entire process is handled through the NAPAS system, ensuring instant, fast, and secure transactions.

This feature enhances the trading experience while expanding access to digital finance for tens of millions of users.

Currently, more than 20 major banks such as Vietcombank, BIDV , Techcombank, VPBank, VIB… support this money transfer method. The list of connected banks will continue to expand, helping users in both urban and rural areas maintain their balances, spend flexibly, and enjoy a seamless and unified financial experience on the MoMo platform.

MoMo has now achieved the highest level of international PCI DSS security certification and applies artificial intelligence (AI) and big data technology in fraud prevention, detecting unusual transactions, risk assessment, and ensuring data integrity 24/7.

Source: https://hanoimoi.vn/ra-mat-tinh-nang-nhan-tien-tu-ngan-hang-qua-so-dien-thoai-720453.html