Business

28 million USD invested in e-wallet service

M_Service JSC, the operator of mobile e-wallet MoMo, on March 17 announced it has received an investment worth 28 million USD from Standard Chartered Private Equity (SCPE) and Goldman Sachs.
28 million USD invested in e-wallet service ảnh 1Illustrative photo (Source:MM)

HCM City (VNA) – M_Service JSC, the operator of mobile e-wallet MoMo, on March 17 announced it has received an investment worth 28 million USD from Standard Chartered Private Equity (SCPE) and the global investment banking firm Goldman Sachs.

SCPE invested 25 million USD, while Goldman Sachs put in an additional 3 million USD on top of its initial 5.75 million USD investment in 2013.

MoMo provides the smartphone app e-wallet service and an over-the-counter (OTC) remittance and payment platform. It has more than 1 million mobile e-wallet customers in Vietnam .

Some 4,000 MoMo transaction points are already in service in 45 cities and provinces across Vietnam, allowing about 1.5 million customers access to financial services.-VNA

VNA
#M_Service JSC#mobile e-wallet MoMo#Standard Chartered Private Equity#Goldman Sachs
Follow VietnamPlus

Related News

Viettel, VinaPhone dial in on e-payment service

Viettel, VinaPhone dial in on e-payment service

Several local mobile service providers, including Viettel and VinaPhone, are now switching to the e-payment segment in the context that their revenues from basic mobile services such as call, text and value added services have declined. Report by the Saigon Times Daily.
Mobile pay threatens banks: experts

Mobile pay threatens banks: experts

Foreign tech giants are set to jump into the mobile payments market on both the paying and receiving sides of the transaction, thus posing a threat to local commercial banks payment market share.

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.