Empowered by foreign capital, e-wallets flourishVietNamNet Bridge - With the increasing popularity of e-wallets, more foreign money is being poured into the business field. Experts estimate that Vietnam has 10 million users of e-wallets of 10 service providers on the internet and mobile device bases. On Payoo app, clients can pay up to VND50 million a day and withdraw VND20 million a day at maximum.Some commercial banks have created e-wallets of their own. LienViet Post Bank, for example, has Vi Viet, the electronic payment portal and non-cash online payment tool which allows clients to pay bills and online shop. If banks don’t pay big money to renovate technology, the electronic payment market will fall into e-wallets and fintechs.A representative of WebMoney Vietnam said WebMoney can also mobilize capital for startups and seek small investment opportunities besides its other features.

Source: VietNamNet News August 10, 2017 00:45 UTC