MoMo ties up with Grab for payment

Thursday, Nov 02, 2023 13:39

Grab users in Việt Nam can now use MoMo to pay for services on the former’s superapp. — Photo courtesy of MoMo

Fintech unicorn MoMo has integrated its payment solution in Grab Việt Nam’s app to offer consumers another cashless payment option on the Grab app.

MoMo users who wish to make payments on the Grab app can do so from their e-wallet, linked bank accounts and Pay Later.

With this partnership, MoMo has become available on the most popular platforms serving Vietnamese users’ daily needs like shopping, entertainment, travel, e-commerce, insurance, public services payments and others.

For Grab, this integration enables the superapp to further expand its portfolio of cashless payment solutions.

Alejandro Osorio, CEO, Grab Vietnam, said: “'We welcome MoMo to our superapp platform. MoMo's entry will provide our consumers with yet another payment option, making cashless payments on the Grab app even easier for our users.”

Nguyễn Mạnh Tường, executive vice chairman and CEO of MoMo, said: “It is great to see this partnership happening. We believe the open eco-system of MoMo serves as a key for augmenting value for consumers.

“The team-up by Grab and MoMo brings in a comprehensive digital experience for locals. In a very promising market with rapid digital transformation, this partnership will help both sides leverage opportunities and create greater value for users and business entities.”

To mark the collaboration, early adopters who choose MoMo for payments will receive benefits worth up to VNĐ100,000. — VNS

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