How Siddharth Jain Of INOXAP Hit A Purple Patch In His Entrepreneurial Journey forbesindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbesindia.com Daily Mail and Mail on Sunday newspapers.
E-wallet groups take on losses to get ahead 21:16 | 25/05/2021
Many e-wallet groups are teaming up with other platforms in order to reach more customers
With more than 40 e-wallets, the market in this country has become a crowded one in the last few years. Meanwhile, China with its much larger market scale is dominated by the two main providers, Alibabaâs AliPay and Tencentâs WeChat Pay.
In the race for market share, many Vietnamese e-wallets have chosen to partner with e-commerce platforms to increase the rate of returning users as well as customer loyalty.
However, no single e-wallet has been able to completely dominate the market. Instead, about 90 per cent of e-wallet transactions are processed through the platforms of MoMo, ZaloPay, and Moca, according to a report by Q&Me Vietnam Market Research.