Mobile Money users in Vietnam rise rapidly

The number of Mobile Money service users in Vietnam reached more than 8.8 million customers by the end of May, an increase of 3.3% over the same period last month. The number of customers in rural, mountainous and remote areas reached more than 6.3 million customers, accounting for 72% of customers using Mobile Money services. Mobile Money is a service that uses telecommunications accounts to pay for goods and services of small value. The service is licensed by the State Bank of Vietnam (SBV) to pilot nationwide for a period of two years, from November 18, 2021 to November 18, 2023.

Source: Vietnam News Agency

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