MoMo
MoMo is the most popular digital wallet in Vietnam, serving 31 million users and providing easy, efficient, and affordable access to financial services. It commands a market share exceeding 70% in the digital wallet industry within Vietnam.
MoMo offers a diverse range of features, including one-time payments, tokenized payments (Auto Debit), and BNPL. Additionally, MoMo has achieved a relatively high payment success rate across the various payment methods and features provided to interim merchants.
Properties
The following table lists the product properties supported by MoMo:
Payment type | Wallet | ||
Funding source | Wallet balance, Linked bank account, Bound card, Saved account, BNPL | ||
Acquirer | AlipaySG, AlipayEU, AlipayUS, AlipayUK | Merchant entity location | SG, AU, HK, EU, US, UK |
Payment flow | Redirect | Refund | ✔️ |
Buyer country/region | Vietnam | Partial refund | ✔️ |
Processing currency | VND | Chargeback/Dispute | ❌ |
Minimum payment amount | 1,000 VND | Refund period | 365 days |
Maximum payment amount | 50,000,000 VND | Time to return payment result | Real-time |
User experience
Note: The following payment flows on different terminals are reference only, and represent this payment method's flow on different terminal types. For supported merchants' terminal types, consult Antom Technical Support.
The following graphic shows the user experience of paying with MoMo:
- The user selects MoMo to pay.
- Display the QR code to the user in the merchant page.
- The user opens the MoMo app and scans the QR code.
- The user is redirected to the payment detail page and confirms the payment.
- The user enters the PIN.
- Upon the payment is successful, display the successful payment page.
- The user is redirected to the merchant result page.
