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Vietnam Pay as you go Card and Digital Pockets Market Alternatives Report 2022: Digital Wallets are Elevating Funds to Introduce Tremendous Apps

Digital Wallet Market Report 2022: Consumer Preference For Contactless Payment Driving Growth

Dublin, Aug. 26, 2022 (GLOBE NEWSWIRE) — The “Vietnam Pay as you go Card and Digital Pockets Enterprise and Funding Alternatives Databook – Market Dimension and Forecast, Client Perspective & Behaviour, Retail Spend” report has been added to ResearchAndMarkets.com’s providing.

The pay as you go card market (worth phrases) in Vietnam elevated at a CAGR of 20.9% throughout 2017-2021. Over the forecast interval of 2022 to 2026, the market is predicted to file a CAGR of 27.1%, growing from US$3.46 billion in 2022 to achieve US$9.03 billion by 2026.

Cellular fee firms are partnering with banks to launch pay as you go playing cards within the nation

The speedy behavioral change amongst the Vietnamese millennials throughout the pandemic resulted in a drastic change within the digital funds platform within the nation. Vietnam witnessed a couple of partnerships between the cellular fee service suppliers and the banking platforms to carry pay as you go options to the market.

In January 2021, UnionPay Worldwide (UPI) issued 600,000 digital playing cards with on-line transactions and QR Code fee amenities in cooperation with the Navy Business Joint Inventory Financial institution (Navy Financial institution) in Vietnam.
These digital playing cards can be utilized from the cellular app of Navy Financial institution and can be utilized to pay through QR code at greater than 40,000 native retailers.
Furthermore, this card, along with the app, can be utilized by the resident whereas touring internationally.

Digital wallets are elevating funds to introduce tremendous apps in Vietnam

In Vietnam, greater than 40 e-wallet suppliers are working and preventing for market share in one of many fastest-growing digital economies. Consequently, established firms are pushing for tremendous apps whereas elevating funds to assist their development in Vietnam.

In January 2021, MoMo, a digital pockets supplier within the nation, secured US$100 million in its Collection D funding spherical. The pay as you go fee instrument is planning to leverage the fund to construct a brand new tremendous app platform and improve its ecosystem that’s at present serving greater than 25 million customers.
As of September 2021, the agency claims to have 60% of the cellular funds market in Vietnam. Being probably the most vital digital pockets by consumer base, the pay as you go fee instrument allows customers to course of monetary providers, together with native cash transfers, invoice funds, mortgage funds, and buy different providers, akin to film tickets, by its cellular pockets.

GoJek launched pay as you go fee instrument for customers in Vietnam

An growing variety of customers are demanding pay as you go fee devices from the Indonesian ride-hailing big in Vietnam. this rising demand and to compete towards different pay as you go fee instrument within the area, the main digital pockets service in Indonesia is now increasing its cellular pockets in Vietnam.

In Could 2021, GoJek introduced that the agency is planning to quickly introduce car-hailing and e-payments options to its operation in Vietnam. Presently, customers within the area can use varied providers of GoJek, akin to meals ordering, delivery parcels, and reserving motorcycle rides. Notably, the launch of GoJek’s pay as you go fee instrument will assist the agency in competing with its rival Seize, who already supplies customers with a digital pockets, Moca, in Vietnam.
At first, customers within the nation can solely use the pay as you go fee instrument to pay for rides, however the agency is predicted to roll out the digital pockets for different providers as nicely over the medium time period. With commuting returning to pre-pandemic ranges within the nation, this launch of digital pockets service for rides will assist the expansion of the pay as you go card trade in Vietnam over the following 4 to eight quarters.

Scope

Vietnam Digital Pockets Market Dimension and Forecast

Transaction Worth Development Evaluation
Transaction Quantity Development Evaluation
Common Worth per Transaction

Vietnam Digital Pockets Market Dimension and Forecast by Key Segments

Retail Purchasing (Worth, Quantity, Avg. Worth)
Journey (Worth, Quantity, Avg. Worth)
Leisure and Gaming (Worth, Quantity, Avg. Worth)
Restaurant (Worth, Quantity, Avg. Worth)
Recharge and Invoice Cost (Worth, Quantity, Avg. Worth)

Vietnam Pay as you go Card Business Market Attractiveness

Load Worth Development Evaluation
Transaction Worth Development Evaluation
Transaction Quantity Development Evaluation
Common Worth per Transaction
Variety of Playing cards

Market Share Evaluation by Purposeful Attributes – Open Loop vs. Closed Loop, 2017 – 2026

Market Share Evaluation by Pay as you go Card Classes

Vietnam Open Loop Pay as you go Card Future Development Dynamics, 2017 – 2026

Transaction Worth Development Evaluation
Transaction Quantity Development Evaluation
Common Worth per Transaction
Variety of Playing cards

Vietnam Closed Loop Pay as you go Card Future Development Dynamics, 2017 – 2026

Transaction Worth Development Evaluation
Transaction Quantity Development Evaluation
Common Worth per Transaction
Variety of Playing cards

Vietnam Pay as you go Card Client Utilization Developments

By Age Group
By Revenue Group
By Gender

Vietnam Normal Objective Pay as you go Card Market Dimension and Forecast

Vietnam Reward Card Market Dimension and Forecast

Reward Card Market Dimension and Forecast by Purposeful Attribute

By Open Loop Reward Card
By Closed Loop Reward Card

Reward Card Market Dimension and Forecast by Client Segments

By Retail Client Section
By Company Client Section

Reward Card Market Share Evaluation by Retail Classes

Reward Card Market Share Evaluation by Gifting Event

Reward Card Market Share Evaluation by Buy Location

Vietnam Leisure and Gaming Pay as you go Card Market Dimension and Forecast

Vietnam Teen and Campus Pay as you go Card Market Dimension and Forecast

Teen and Campus Pay as you go Card Market Dimension and Forecast by Purposeful Attribute

By Open Loop Teen and Campus Pay as you go Card
By Closed Loop Teen and Campus Pay as you go Card

Vietnam Enterprise and Administrative Expense Pay as you go Card Market Dimension and Forecast

Enterprise and Administrative Expense Pay as you go Card Market Dimension and Forecast by Client Segments

By Small Scale Enterprise Section
By Mid-Tier Enterprise Section
By Enterprise Enterprise Section
By Authorities Section

Vietnam Payroll Pay as you go Card Market Dimension and Forecast

Payroll Pay as you go Card Market Dimension and Forecast by Client Segments

By Small Scale Enterprise Section
By Mid-Tier Enterprise Section
By Enterprise Enterprise Section
By Authorities Section

Vietnam Meal Pay as you go Card Market Dimension and Forecast

Meal Pay as you go Card Market Dimension and Forecast by Client Segments

By Small Scale Enterprise Section
By Mid-Tier Enterprise Section
By Enterprise Enterprise Section
By Authorities Section

Vietnam Journey Foreign exchange Pay as you go Card Market Dimension and ForecastT

ravel Foreign exchange Pay as you go Card Market Dimension and Forecast by Client Segments

By Retail
By Small Scale Enterprise Section
By Mid-Tier Enterprise Section
By Enterprise Enterprise Section
By Authorities Section

Vietnam Transit and Tolls Pay as you go Card Market Dimension and Forecast

Vietnam Healthcare and Wellness Pay as you go Card Market Dimension and Forecast

Vietnam Social Safety and Different Authorities Profit Applications Pay as you go Card Market Dimension and Forecast

Vietnam Gas Pay as you go Playing cards Market Dimension and ForecastVietnam Utilities, and Different Pay as you go Playing cards Market Dimension and Forecast

For extra details about this report go to https://www.researchandmarkets.com/r/glxb6y

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