Uber inks Vietnam mobile wallet deal with MoMo - Mobile World Live

Uber inks Vietnam mobile wallet deal with MoMo

29 NOV 2017

Uber signed its first deal with a mobile payment company in South-East Asia, agreeing a deal to accept payment for journeys through the MoMo wallet.

Reuters reported the tie-up will allow Uber to become more competitive with rival Grab, which already signed a number of deals with mobile payment companies in Asia and launched GrabPay in Singapore during August.

In April, Grab also acquired Indonesian e-commerce company Kudo as part of a wider move into financial services.

Uber will tap MoMo’s 5 million-strong userbase in Vietnam, where the wallet company already provides a wide range of services including bill payment and ticket retail.

According to the two companies, by teaming-up Uber’s service will be opened up to a wider number of users in the country including those without access to traditional financial services.

The move is the latest bid by the taxi company to link-up with popular mobile payment companies in its target countries, including Reliance Jio’s wallet service in India and Alipay in China.


Chris Donkin

Chris joined the Mobile World Live team in November 2016 having previously worked at a number of UK media outlets including Trinity Mirror, The Press Association and UK telecoms publication Mobile News. After spending 10 years in journalism, he moved...

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