Momo's financial solution set helps traders remove bottlenecks: Payment - Operation - Credit

Hoàng Anh |

At the conference "HCMC Development Space - Driving from the Supply Chain and Retail", MoMo introduced for the first time a digital roadmap for small traders including 3 specific steps as a strategic step to narrow the digital and financial gap for the long-standingly missing economic sector.

Hoi nghi “Khong gian phat trien TP.HCM – Dong luc tu chuoi cung ung va ban le” dien ra chieu ngay 11.7 tai phuong Vung Tau. Anh: Momo
The conference "HCMC Development Space - Driving momentum from supply chains and retail" took place on the afternoon of July 11 in Vung Tau ward. Photo: Momo

The biggest barriers to digital transformation for small traders today are not only the application of technology, but also operational habits. According to a survey of 203 small enterprises, most of these enterprises still manage orders, warehouses, accounting and finance manually. The lack of appropriate tools and lack of skills in using sales management software, electronic invoices, accounting... makes it difficult for them to control cash flow, plan finances and expand scale.

Meanwhile, many traders are still hesitant to change, prioritizing cash receipt and manual operations to save costs in the short term, but face the problem of time-consuming, data deviation, and not enough data to access credit. Changing habits to digital technology requires a suitable roadmap, simple tools and support from easy-to-reach platforms.

Recognizing those "bottlenecks", MoMo's solution set aims to restructure the entire operating process of individual traders and business households:

Step 1 Active basic touch points: Start by bringing technology closest to the best trader right at the thanh toan counter. MoMo helps them access simple, easy-to-use digital tools such as QR codes to accept payment from any bank, transfer notification speakers. From there, introduce to traders basic sales software and integrated delivery services to expand coverage. At the same time, business fanpages and business pages on the MoMo platform are pre-done to help traders appear online and approach customers around the area more systematically. This is the first step of "digital activation" to gradually form business data.

Step 2 - Digitize the entire operation: After getting used to technology touch points, traders can expand to specialized operating solutions: POS system synchronously connecting orders from online to offline, automatic inventory management, real-time revenue control and integrating multi-channel sales. grocery stores, small restaurants or family stores can now reduce 3050% of their operating personnel thanks to automation, more effective cost control and improved profit margin by 515% in just a few months.

Step 3 - Connecting digital finance: When the operational data is thick enough, MoMo helps traders take another step forward: integrating online tax declaration, issuing electronic invoices, using digital signatures and synchronizing with accounting software. In particular, the credit scoring system based on actual transaction data allows them to access legitimate unsecured loans from banks without collateral or complicated records. This is an important transformation, bringing traders from the informal sector to being recognized in the legitimate financial system - not through forced paths, but through their own data.

Tai Hoi nghi, ong Nguyen Ba Diep, Dong sang lap Tap doan Cong nghe Tai chinh MoMo da gioi thieu bo giai phap tai chinh so danh cho tieu thuong va ho kinh doanh. Anh: Momo
At the Conference, Mr. Nguyen Ba Diep, Co-founder of MoMo Financial Technology Group, introduced a set of digital financial solutions for small traders and business households. Photo: Momo

We do not stop at being a payment application, but are providing an ecosystem of effective digital financial solutions that any small business, whether it is just a grocery store or a company with a few dozen employees can develop strongly and sustainably thanks to transparent data, reliable connections and financial services integrated with AI technology. Mr. Nguyen Ba Diep shared.

In the context of Resolutions 68 and 57 focusing on developing the private economic sector and perfecting institutions to support innovation, MoMo is gradually realizing this orientation with specific and easy-to-implement solutions. For example: supporting traders to use identification to create clear business records; building a credit scoring system based on actual transaction data instead of traditional documents; and digitizing the entire operating process - from sales, accounting to tax declaration.

At the same time, MoMo proposes to build a synchronous ecosystem, from data infrastructure to basic skills training programs, helping small traders gradually manage more effectively and have the conditions to access official financial resources easily and effectively.

Hoàng Anh
TIN LIÊN QUAN

MoMo joins the Au Lac AI Alliance, contributing to creating an AI ecosystem with Vietnamese identity

|

In the context of the Government's recent issuance of Decision 1131/QD-TTg identifying AI as the leader among 11 national strategic technology groups, the formation of public-private partnerships to promote the development of indigenous AI is an inevitable step.

The billiards community mourns Chang Jun-lin's sudden passing

|

The international billiards community was moved to commemorate player Chang Jung-lin, who recently passed away in Jakarta while participating in the 2025 PBC Indonesia tournament.

Super-small neighborhood in the heart of Ho Chi Minh City has a fire fighting system, people are still not assured

|

HCMC - Although the micro-neighborhood in the middle of HCMC has been installed with a fire fighting system by the locality, people are still worried about the risk of fire and explosion, so they open additional escape routes themselves.

Dead pigs dumped on the streets of Hanoi, Ministry of Agriculture and Environment speaks out

|

The Deputy Minister of Agriculture and Environment requested to resolutely prevent the situation of throwing dead pigs onto the road, causing the spread of the epidemic.

Top 10 localities with the most scores in 10 Math subjects, Hanoi leads

|

In the 2025 high school graduation exam, Hanoi is the leading locality in the country in terms of 10 points in Math.

Associate high school graduation exam scores: No 10 Literature scores

|

The Ministry of Education and Training has announced the scores for the 2025 high school graduation exam. Literature did not record a score of 10.

MoMo joins the Au Lac AI Alliance, contributing to creating an AI ecosystem with Vietnamese identity

Hoàng Anh |

In the context of the Government's recent issuance of Decision 1131/QD-TTg identifying AI as the leader among 11 national strategic technology groups, the formation of public-private partnerships to promote the development of indigenous AI is an inevitable step.

"Kho Báu Biển Xanh” trên MoMo giúp tiếp cận kiến thức chứng khoán dễ dàng

Hoàng Anh |

Từ ngày 17.7 đến ngày 16.8.2024, MoMo cùng Công ty Cổ phần Chứng khoán CV (viết tắt CVS) đồng triển khai chương trình “Kho Báu Biển Xanh” nhằm cung cấp kiến thức cơ bản về chứng khoán và dành tặng người dùng tổng giải thưởng lên đến 30 tỷ đồng.

Lên MoMo góp sức giúp bà con huyện đảo Cần Giờ sớm có tàu cấp cứu

Hoàng Anh |

Đồng hành chương trình "Tàu cấp cứu đường thủy cho Cần Giờ” trong giai đoạn đầu (5.7 - 4.8.2024), các nhà hảo tâm có thể chung tay góp sức trên nền tảng thiện nguyện trực tuyến Heo Đất MoMo để bà con xã đảo Thạnh An (Cần Giờ) sớm có được tàu cấp cứu hiện đại, vơi bớt nỗi lo vượt mưa gió đi chữa bệnh.

MoMo đổi mới sáng tạo cách truyền tải kiến thức an toàn bảo mật

Anh Hoàng |

Ngày 3.6.2024 - MoMo vừa khởi xướng dự án “Cùng học an toàn bảo mật với MoMo” nhằm trang bị và cung cấp kiến thức về an toàn bảo mật một cách trực quan, dễ hiểu cho người dùng. Đây là nỗ lực đổi mới, sáng tạo của MoMo trong cách tăng cường nhận thức cho người dùng nhằm hưởng ứng chủ trương "Nâng cao dân trí tài chính quốc gia", bên cạnh việc luôn đặt an toàn bảo mật làm trọng tâm khi chủ động phòng vệ nhiều lớp xuyên suốt quá trình sử dụng của người dùng.