MoMo experienced record growth in 2018.

MoMo's business results have been growing beyond expectations due to the rapid development of mobile payment methods in Vietnam, as well as the tech-savvy trend among young people and the preference for cashless payment methods, both for online and in-store transactions.

The introduction of groundbreaking payment features, exclusive payment partners, and attractive promotional campaigns on the app have helped MoMo attract and retain Vietnamese customers. MoMo quickly became a "super app" with a modern style, allowing customers not only to borrow credit, send money, or pay bills, but also to buy movie tickets, book airline tickets, purchase insurance contracts, and pay for goods and services at over 100,000 payment points nationwide - including well-known chain stores such as Circle K, Ministop, and FPT Shop…

With these tremendous achievements, MoMo became the only Vietnamese fintech company to be included in KPMG's 2018 list of the world's Top 100 Fintech companies.

It's worth adding that MoMo's remarkable growth over the past year was also thanks to its successful third round of funding from Warburg Pincus – a leading global private equity firm and the largest private equity investor in Vietnam. This investment has provided a huge resource to expand the MoMo payment ecosystem and realize the goal of developing millions of MoMo payment acceptance points nationwide.

Following the outstanding results of 2018, MoMo continues to invest in technology, develop cooperative relationships with businesses and business partners, increase MoMo acceptance points, and expand its agent network to serve the diverse financial needs of customers. MoMo also continuously updates the latest technology, invests in human resource development, and especially focuses on reaching more customers in rural areas.

BK - HU