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MobiFone

Advancing Digital Financial Services Through Mobile in Vietnam

MobiFone Pay is a digital payment solution launched by one of Vietnam’s major telecom operators. It allows users to manage financial tasks such as sending money, paying bills, and making purchases directly from their mobile devices, supporting Vietnam’s transition toward a more digital and inclusive financial ecosystem.

MobiFone

Country

Vietnam

Population (Vietnam)

100 million (estimated)

Number of Internet users

80 million (estimated)

Popular payment methods

E-wallets, Debit Cards, Cash, Bank Transfers

Distribution by payment method (%)

Type: Mobile Wallet Total Customers: 20 million (estimated)
Currency: Vietnamese Dong (VND) Money transfer volume: 50 trillion (estimated)
Coverage: 95% (estimated) Refunds: Yes, limited to certain conditions
Chargebacks: Yes, limited to certain conditions

About payment system

MobiFone Pay has emerged as a dynamic mobile payment platform, delivering a broad suite of financial and lifestyle services that extend well beyond basic transactions. By linking their bank accounts or cards to the MobiFone app, users gain access to a variety of tools designed to simplify and enhance their daily financial activities. In addition to enabling mobile payments and money transfers, MobiFone Pay allows users to settle utility bills, recharge mobile accounts, buy event tickets, and complete other everyday transactions—all from one convenient platform. Its comprehensive functionality makes it a valuable resource for managing both personal finances and day-to-day needs. MobiFone Pay plays a key role in advancing financial inclusion by reducing dependency on cash and expanding access to digital services. Leveraging Vietnam’s widespread mobile connectivity, the platform brings modern financial tools to users across urban and rural areas alike. With a strong focus on security, usability, and technological advancement, MobiFone Pay incorporates secure login features, encrypted transactions, and a clean, intuitive design. As it continues to grow and evolve, MobiFone Pay is helping to shape Vietnam’s digital payment landscape, promoting accessibility, efficiency, and convenience for users throughout the country.

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