MoMo deploys feature to receive money from banks via phone number

NGUYỄN ĐĂNG |

On October 21, MoMo officially launched the feature of receiving money via account number, MoMo phone number, helping Vietnamese people receive money quickly, safely and conveniently.

From now on, in addition to the QR code method, MoMo users can receive money from any bank through an account number that is a phone number, even if the sender does not use MoMo.

Accordingly, when making a transaction, the sender only needs to access the banking application, select "MoMo" in the list of beneficiary banks, enter the recipient's MoMo phone number, and confirm the transaction. The entire process is processed through the NAPAS system, ensuring an instant, fast, and safe transaction speed.

This feature helps improve the transaction experience, while expanding digital financial access to tens of millions of users. With just one connection point, MoMo, users can receive money, spend, pay or invest, instead of having to switch to many different platforms.

Currently, more than 20 major banks such as Vietcombank, BIDV, Techcombank, VPBank, VIB... have supported this money transfer method. The connection list will continue to be expanded, helping users in both urban and rural areas to maintain their balance, be flexible in spending and enjoy a seamless, unified financial experience on the MoMo platform.

NGUYỄN ĐĂNG
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As a pioneer fintech in cooperation with Ho Chi Minh City Urban Railway Company No. 1 (HURC1), MoMo has deployed Metro ticket purchase services by scanning QR codes as soon as the Ben Thanh - Suoi Tien Metro line officially operated in Ho Chi Minh City from January 24, 2025, helping people buy tickets easily with just a few steps on their smartphones.

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