MoMo
Vietnam's leading e-wallet; 30M+ users, investments + savings.
- Who holds it
- A licensed payment institution holds your balance in a safeguarding account — Intermediary payment services / e-wallet license from State Bank of Vietnam; mobile money super-app.
- The ledger
- The payment institution’s own ledger.
- If it fails
- Safeguarded funds are returned in administration — ring-fenced, but access can be frozen and slow.
Derived from MoMo’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | traditional |
| AI | AI underwriting in production |
| HQ | Ho Chi Minh City, VN |
| Founded | 2013 |
| Custody | Custodial |
| Regulation type | Payment institution |
| License detail | Intermediary payment services / e-wallet license from State Bank of Vietnam; mobile money super-app |
| Card | No card |
| Stablecoins | No |
| KYC | Yes |
| Active regions | Asia |
Verified links: official site ↗
Common questions about MoMo
What is MoMo?
MoMo is a fiat neobank, headquartered in Ho Chi Minh City, VN and founded in 2013. Your money is held custodially, so MoMo or its partner bank holds the balance and you hold a claim on it. It is regulated as a payment institution (Intermediary payment services / e-wallet license from State Bank of Vietnam; mobile money super-app).
Does MoMo have a card, and where can you use it?
It issues no card of its own. It is available in Asia.
Does MoMo require KYC?
Yes. MoMo requires identity verification (KYC) to open an account, as a payment institution.
Early investors
Peers
Wise · KakaoBank · WeBank · bKash · Maya · GCash
MoMo appears in
Neobanks authorised as payment institutions (13) · Neobanks available in Asia (132) · Neobanks with no card of their own (67) · Neobanks in Vietnam (6)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.