MoMo, a leading fintech group, and GSM, the operator of the Xanh SM smart mobility platform in Vietnam, have announced a strategic partnership to integrate electric mobility solutions with digital payment ecosystems.
This agreement marks a significant expansion of collaboration between two homegrown tech platforms, amid the rapid growth of urban digital services.
Starting in 2026, the partnership will focus on platform integration, financial solution expansion, and the development of unified digital ecosystem products. A key highlight is the direct integration of Xanh SM’s electric ride-hailing service into the MoMo app, enabling users to access mobility services seamlessly within their payment platform.
This integration is expected to streamline booking and payment processes while expanding Xanh SM’s reach through MoMo’s ecosystem of tens of millions of users. Conversely, MoMo enhances its digital consumer ecosystem by adding essential mobility services alongside existing payment, finance, and travel offerings.
Beyond MoMo Wallet payments, both parties will introduce Pay Later Wallet, a consumer credit solution provided by MoMo’s financial partners. This “use now, pay later” model offers flexible spending, particularly for high-frequency urban commuters.
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