Currently, the country has 50 payment intermediaries, including 48 organizations providing e-wallet services.

The e-wallet market is expected to face fierce competitive pressures in the upcoming time.

Around 45 licensed e-wallets operate in Vietnam, with 36.23 million active users by the end of 2023, representing 63.23 percent

The Vietnamese market is witnessing fierce competition from more than 40 e-wallets and is considered to be in a booming phase

Venture investors are eyeing Vietnam as the latest destination for their capital, according to an article posted on asianinvestor.net.

As of 09.05.2022, there were 48 non-banking organizations licensed to provide payment intermediary services, 90 thousand QR payment points

The rate of use of e-wallets in Vietnam in 2020 is nearly 20%, which means about 80% of people still use cash for transactions in daily life