Top 10 Famous Fintech Companies in Vietnam

If you're interested in the fintech industry, it's impossible to ignore Vietnam. This beautiful country has been attracting a lot of attention in recent years due to its fast-growing economy and innovative financial technology sector. In this article, According to financial technology newspaper " https://infofinance.vn/" , will introduce you to the top 10 famous fintech companies in Vietnam that are changing the financial landscape of the country.

1. MoMo

MoMo is one of the most well-known mobile wallets in Vietnam. It was launched in 2014 as a partnership between M_Service and Standard Chartered Bank. MoMo allows users to pay bills, transfer money, purchase tickets, and even buy insurance via their mobile phones. MoMo currently has over 23 million registered users and is available in over 100,000 locations nationwide.

2. VNPAY

VNPAY is a leading provider of digital payment solutions in Vietnam. The company was founded in 2007 and offers a wide range of services, including QR code payments, mobile banking, and e-commerce payment gateways. VNPAY partners with many big companies like Grab, Momo or VNPost.

3. Tima

Tima is one of the fastest-growing online lending platforms in Vietnam. Founded in 2015, Tima provides loans of up to 50 million VND ($2,150) without collateral, making it an ideal option for low-income earners. With a user-friendly interface and fast approval process, Tima has attracted millions of customers across the country.

4. Moca

Moca is another popular mobile wallet in Vietnam. Launched in 2019 by M_Service, Moca offers a range of features such as bill payments, card-linked loyalty programs, and discounts at merchants. Moca has been growing rapidly since its launch, with over 10 million registered users and partnerships with many big banks in Vietnam.

5. VNPT E-Pay

VNPT E-Pay is a digital payment platform that offers diverse payment services, including utility bills, online shopping, and mobile top-up. The company was established in 2011 by VNPT, one of the largest telecom companies in Vietnam. VNPT E-Pay has more than 500 partners and over 7 million customers across the country.

6. Lendbiz

Lendbiz is an online peer-to-peer lending platform that connects borrowers with investors. Founded in 2016, Lendbiz provides loans of up to 500 million VND ($21,500) to businesses and individual borrowers. With an easy-to-use platform and fast approval process, Lendbiz is becoming a popular choice for those seeking alternative financing options.

7. Payoo

Payoo is another digital payment gateway that provides various services like bill payments, money transfers, and online shopping. Launched in 2008, Payoo currently has over 14 million users and a network of nearly 10,000 partners nationwide. Payoo is known for its user-friendly interface and secure payment system.

8. One Mount Group

One Mount Group is a technology-focused company that offers a range of products and services, including e-commerce, fintech, and logistics. One of its most notable subsidiaries is MoMo, which we introduced earlier in this article. One Mount Group is also known for its innovative solutions in areas such as cloud computing, AI, and blockchain.

9. Money Lover

Money Lover is a personal finance management app that helps users track their expenses and budget more effectively. Launched in 2014, Money Lover has been downloaded by millions of users worldwide and has won multiple awards for its user interface design and functionality. Money Lover also offers premium features for users who want more advanced financial management tools.

10. OnOnPay

OnOnPay is a payment gateway that offers various services like bill payments, mobile top-up, and e-wallets. OnOnPay was launched in 2017 and quickly gained popularity due to its fast and convenient payment system. With a user-friendly interface and secure transaction process, OnOnPay has become one of the go-to options for digital payments in Vietnam.

FAQs

1. What are fintech companies?

Fintech companies are companies that use technology to provide financial services to customers. These can range from mobile banking apps to online lending platforms and digital payment gateways.

2. How is Vietnam’s fintech industry performing?

Vietnam's fintech industry is growing rapidly, with annual growth rates of over 30%. The country has a young, tech-savvy population and a supportive regulatory environment, making it an attractive market for fintech startups.

3. What are the benefits of using fintech services?

Fintech services offer several benefits, including convenience, speed, and lower costs compared to traditional financial services. For example, fintech services like mobile wallets and digital payment gateways allow users to make transactions quickly and easily from their mobile phones, without the need for cash or physical credit cards.

4. Are fintech services secure?

Fintech companies take security very seriously and use a variety of measures to protect user data and prevent fraud. These can include encryption, two-factor authentication, and biometric verification methods such as fingerprint or facial recognition.

5. How can I choose the best fintech service provider in Vietnam?

When choosing a fintech service provider in Vietnam, consider factors such as the range of services offered, user experience, fees, and security measures. You can also read reviews and ask for recommendations from friends or family members who have used similar services.

Conclusion

Vietnam's fintech industry is rapidly evolving and offers a wide range of innovative financial services to customers. The top 10 famous fintech companies in Vietnam that we have introduced in this article have made significant contributions to the growth of the industry and are well-positioned to continue leading the way in the years to come. Whether you're looking for a mobile wallet, online lending platform, or payment gateway, these companies offer convenient and secure options for all your financial needs.