The results were based on statistics from 20 e-wallet developers and 1,190 votes from the magazine’s readers in the last five months.

The voting was based on identification and dissemination, most favoured and trusted electronic wallet, ability to connect and expand with the banking system and providers, convenience in transaction and use of apps, and safety.

Nguyen Ba Diep (L), executive vice chairman and founder of MoMo, receives a certificate for the most popular electronic wallet in Vietnam in 2019.

Dang Nhat Minh, editor-in-chief of Nhip Cau Dau Tu, said: “The growth of information technology has led to the development of e-commerce payments and online shopping. So e-wallets are more popular now. They are safe, convenient and time saving.”

“The poll also aims to boost the development of e-wallets and build a sustainable platform for e-commerce payments in Vietnam,” Minh said.

MoMo, owned by Di Dong Truc Tuyen Services Joint Stock Company, has an estimated 10 million users.

Nguyen Ba Diep, executive vice chairman and founder of MoMo, said mobile payments saw a year-on-year increase of 60-70 percent in the number of users.

Diep said there were around 30 e-wallet service providers in Vietnam, but only four of them have a high number of transactions, including MoMo, ViettelPay, ZaloPay and Moca.

Diep also said e-wallet service providers in Vietnam had worked hard to ensure security to protect themselves and customers.

ZaloPay, developed by VNG Corporation, was cited as a diverse mobile wallet ecosystem that includes different types of services.

ZaloPay enables electronic payment for bills such as electricity, water, internet and TV as well as money transfer via QR code and connections with bank accounts for cash withdrawals or charges.

Viettel Pay, launched by military-run telecom provider Viettel in April, has had strong growth.

2,000 booths transacted on Bac Giang e-commerce website

(BGO)- According to the statistics of the Center for Trade Promotion of Bac Giang province, nearly 2,000 booths of about 1,000 firms join the website and e-commerce website of the provincial Department of Industry and Trade at https://socongthuong.bacgiang.gov.vn and http://san24h.vn.

Amazon to train Vietnamese small firms in e-commerce

Amazon will train 100 Vietnamese businesses to develop their business on its platform.

Vietnam’s e-commerce forecast to boom

Vietnam’s e-commerce market is predicted to boom in the near future, given that 53 percent of the population uses the internet and nearly 54 million people use smartphones. 

ASEAN countries sign first agreement on e-commerce

Economic ministers from the Association of Southeast Asian Nations (ASEAN) on November 12 signed an agreement to facilitate cross-border e-commerce transactions within the region.

2018 – Golden time for e-commerce

 

Source: VNS/VNA