According to IMARC Group’s latest report, titled “Vietnam E-Wallet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the Vietnam E-wallet market witnessed robust growth during 2015-2020. Looking forward, the market is expected to continue its robust growth during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
An electronic wallet, or e-wallet, refers to a software-based system that allows -consumers to securely store payment information and digitally conduct financial transactions. It is linked with individual bank accounts to make payments for various applications, such as online shopping, booking travel tickets, and paying utility bills. As compared to traditional payment methods, e-wallets provide easier operational facilities, encryption of data, and more secured transactions.
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Significant growth in the e-commerce industry, the proliferation of smart devices, and an increasing shift towards digital payment methods are majorly driving the e-wallet market in Vietnam. Additionally, the integration of quick response (QR) code and near field communication (NFC) chips into start devices to eliminate the possibility of human errors are further contributing to the market growth. The frequent occurrences of fraudulent activities have led leading players to introduce multi-factor authentication solutions, such as fingerprint and facial recognition, which are acting as a growth-inducing factor in the country.
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List of Key Companies Covered in this Market Report:
- MOCA System Inc.
- M-Pay Technology and Trading Service Joint Stock Company
- Vietnam Payment Solution Joint Stock Company (VNPAY)
- VinID Pay (Vingroup)
- VNPT Electronic Payment Joint Stock Company
- ZaloPay (ZION Joint Stock Company)
Breakup by Type:
Breakup by Ownership:
- Telecom Companies
- Device Manufacturers
- Tech Companies
Breakup by Technology:
- Near Field Communication
- Optical/QR Code
- Digital Only
Breakup by Vertical:
- Media and Entertainment
- Energy & Utilities
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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