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.

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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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