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.