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 launched the feature of receiving money via account number which is MoMo phone number. Photo: TL

On October 21, MoMo officially launched the feature of receiving money via account number which is MoMo phone number, becoming a pioneer payment intermediary unit connecting and opening a direct money receiving stream from the banking system.

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

When making a transaction, the sender only needs to access the banking application, select “MoMo” in the beneficiary bank list, enter the recipient’s MoMo phone number and confirm the transaction. The entire process is processed through the NAPAS system, ensuring instantaneous, fast, and safe transaction speed.

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

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

MoMo has now achieved the highest level of international security certification PCI DSS, and applies artificial intelligence (AI) and big data technology in fraud prevention, detecting unusual transactions, risk scoring 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