Vietnam’s fintech unicorn MoMo and Grab Vietnam announced today that they have integrated the former’s payment solution into the ride-hailing and food delivery superapp.

This will allow users in Vietnam to make cashless payments within the Grab app using MoMo’s e-wallet, linked bank accounts, and MoMo Pay Later.

Early adopters who choose MoMo for payments will receive special benefits worth up to VND 100,000.

Alejandro Osorio, CEO, Grab Vietnam said,

“’MoMo’s entry will provide our consumers with yet another payment option, making cashless payments on the Grab app even easier for our users.

As part of our continued commitment to contribute to Vietnam’s digitalisation, Grab and MoMo will launch exciting and practical offers to users from both of our platforms.”

Nguyen Manh Tuong – Executive Vice Chairman, CEO of MoMo said,

“We believe the open ecosystem of MoMo serves as a key for augmenting values for consumers. Not only serving as a payment solution or providing financial services, we’ve built our app to meet the local market demand for diverse quotidian services.

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

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