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MoMo
by MoMo
What MoMo is
MoMo is a mobile financial app combining an e-wallet with transfers, payments, financial products and digital services. It lists more than 200 services, including bill payments, mobile top-ups, tickets, shopping and in-store payments. Transfers are instant, trackable and show fees before payment. The app categorizes transactions, tracks spending inside and outside MoMo and provides spending reports. Its Financial Center brings together funds, assets, liabilities, bills and amounts due, with reminders for bills and debts. Group Funds records contributions, withdrawals, shared spending and balance changes, while fund owners can set recurring reminders. MoMo links directly to more than 36 banks and supports Visa, Mastercard and JCB cards. Setup includes phone registration, identity and biometric checks, face verification and bank-account linking. Android and iOS are supported. MoMo says setup and general use have no fee, although certain transactions and services are charged.
Who it suits
MoMo suits Android and iOS users seeking an e-wallet, payments, transfers and spending tools in one app. It also supports shared funds and financial overviews for users managing household or group money.
What it does well
- More than 200 listed services
- Instant transfers with tracking
- Spending categories and reports
- Links to more than 36 banks
- Supports group contribution tracking
What to know first
- Some transactions and services incur fees
- Wallet balance cap is 200,000,000₫
- Personal wallet transfers and payments have monthly limits
- Support calls cost 1,000₫ per minute
Verdict
MoMo combines everyday payments with spending analysis, financial summaries and group-fund tracking. Its broad service list and bank connections are balanced by transaction limits and charges for some activities.
Facts from MoMo's own pages
- Account setup
- MoMo's setup guide includes phone registration, identity and biometric verification, face verification, and linking a bank account. · momo.vn, 11 Oct 2026
- Company
- The maker is Công ty Cổ phần Dịch vụ Di động Trực tuyến (M_Service), with headquarters in Ho Chi Minh City. · momo.vn, 11 Oct 2026
- Eligibility
- MoMo says its privacy policy is not directed at children under 15; processing their personal data is handled through a legal representative as required by law. · momo.vn, 11 Oct 2026
- Fees
- MoMo says it does not charge account setup or general usage fees, but charges fees for certain services and transactions. · momo.vn, 11 Oct 2026
- Fees and limits
- MoMo's help center says there is no maintenance fee, but some transactions incur fees; linked accounts have a wallet balance limit of 200,000,000đ and daily withdrawal or payment limit of 50,000,000đ. · momo.vn, 11 Oct 2026
- Upfront fee display
- Yes · momo.vn, 20 Sept 2026
- Financial overview
- MoMo says its Financial Center consolidates money sources, assets, and amounts due, and can remind users about bills and balances. · momo.vn, 11 Oct 2026
- Financial tools
- The app describes a financial center that brings together funds, summarizes assets and liabilities, and provides reminders for bills and debts. · momo.vn, 11 Oct 2026
- Founded
- 2007 · momo.vn, 28 Sept 2026
- Free plan
- Yes · momo.vn, 20 Sept 2026
- Group funds
- Group Funds lets members track contributions, withdrawals, shared spending, and balance changes, while fund owners can set recurring reminders. · momo.vn, 11 Oct 2026
- Headquarters
- Ho Chi Minh City, Vietnam · momo.vn, 28 Sept 2026
- Integrations
- MoMo says it is directly linked to more than 36 banks and supports Visa, Mastercard and JCB cards. · momo.vn, 11 Oct 2026
- Mobile platforms
- MoMo says users can download its app from Google Play for Android or the App Store for iOS. · momo.vn, 11 Oct 2026
- Money management
- The app can categorize transactions, track spending inside and outside MoMo, and show spending reports. · momo.vn, 11 Oct 2026
- Payments
- MoMo provides e-wallet, collection and disbursement support, and electronic payment gateway services under a State Bank of Vietnam license. · momo.vn, 11 Oct 2026
- Platforms
- MoMo says its app is available through Google Play for Android and the App Store for iOS. · momo.vn, 11 Oct 2026
- Privacy
- MoMo’s privacy policy says users may request access to or withdraw consent for certain personal-data processing, and can manage direct-marketing preferences in the app. · momo.vn, 11 Oct 2026
- Privacy controls
- Users can request information about personal data shared with MoMo or partners, withdraw consent, and change account visibility settings. · momo.vn, 11 Oct 2026
- Product
- MoMo is a mobile financial app offering an e-wallet, money transfers, payments, financial products and digital services. · momo.vn, 11 Oct 2026
- Security
- MoMo says it holds PCI DSS Level 1, ISO 27001:2022 and ISO 27701:2019 certifications and uses TLS/SSL backed by GlobalSign. · momo.vn, 11 Oct 2026
- Services
- MoMo lists services including bill payments, money transfers, mobile top-ups, film and bus tickets, donations, insurance, and financial products. · momo.vn, 11 Oct 2026
- Spending management
- The app can categorize transactions, track spending inside and outside MoMo, and provide spending reports. · momo.vn, 11 Oct 2026
- Support
- Customer support is available by phone at 1900 5454 41 for 1,000₫ per minute, Monday to Friday excluding holidays, during the listed morning and afternoon hours. · momo.vn, 11 Oct 2026
Where MoMo stands on Freedom251
- Money Transfer Apps#65 of 81