This weekly newsletter highlights top developments and trends across Southeast Asia’s digital economy and ecosystem, without losing sight of the solid links between the online and offline worlds.
Executive Summary
- MoMo – Super app in the making?
- Happy Fresh going solo
- Quick commerce in spotlight
- Carousell in search of profits
MoMo – Super app in the making?
MoMo in Vietnam is a standout amongst digital payments players in South East Asia, given that it is both independent and a market leader, accounting for over 53% of Vietnam’s digital payments wallet. MoMo’s annual payment volume hit $17 billion in 2021 and it now has around 23 million accounts, covering a network of 10,000 stores nationwide.
