Vietnam’s fintech sector enters a post-MoMo reality
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Vietnam's fintech sector is evolving beyond MoMo, a leading mobile wallet that has transformed cashless payments in the country. Established in 2010, MoMo now serves over 30 million users and is pivotal in a market expected to reach $83 billion by 2031. The company processed 5.5 billion transactions in Q1 2025 and achieved profitability in 2024, contributing to a 43.4% year-on-year increase in non-cash transactions nationwide.
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