E-wallet market in Vietnam may reach 50 million users by 2024

Mobile e-payment logos are seen at a street food stall in Ho Chi Minh city in Vietnam, October 15, 2019. Picture taken October 15, 2019. REUTERS/Yen Duong/File Photo

HO CHI MINH CITY: The modern e-wallet market in Vietnam is surging and is expected to reach 50 million active users by July 2024, experts say.

In a report, Robocash Group said: “the modern e-wallet market in Vietnam is booming with 90% of the market falling on three wallets: Momo, Moca and ZaloPay.”