MoMo is the only Vietnamese representative in the list of Top 10 Global Platforms 2023. (Photo courtesy of MoMo)

MoMo also won the award for “Best Platform for Financial Services in Vietnam” at the Excellence in Retail Financial Services Awards from The Asian Banker on March 16. The only Vietnamese representative ranks seventh in the list that includes behemoths like Alipay, Apple Pay and Paypal.

TABInsights assessed the leading 20 global platforms and ranked them based on a six-dimensional balanced scorecard covering capabilities across six key areas: customer, coverage and service scope, usage and engagement, financial performance, strategy, and leadership.

The magazine described MoMo as a platform with outstanding technology that offers a wide range of financial products and services through partnerships with financial institutions, banks and retail partners.

MoMo partners with over 70 international and Vietnamese financial institutions including banks and insurance companies. It is directly connected with 32 banks, NAPAS (National Payment Service Vietnam) and most international credit card issuers.