Vietnam E-Wallet Market Report by Type (Open, Semi-Closed, Closed), Ownership (Banks, Telecom Companies, Device Manufacturers, Tech Companies), Technology (Near Field Communication (NFC), Optical/QR Code, Digital Only, Text-Based), Vertical (Retail, Transportation, Media and Entertainment, Energy & Utilities, Telecommunication, and Others) 2025-2033

Vietnam E-Wallet Market Report by Type (Open, Semi-Closed, Closed), Ownership (Banks, Telecom Companies, Device Manufacturers, Tech Companies), Technology (Near Field Communication (NFC), Optical/QR Code, Digital Only, Text-Based), Vertical (Retail, Transportation, Media and Entertainment, Energy & Utilities, Telecommunication, and Others) 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A3532

Market Overview:

The Vietnam E-wallet market size reached USD 41.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 152.3 Billion by 2033, exhibiting a growth rate (CAGR) of 13.9% during 2025-2033.

Report Attribute 
Key Statistics
Base Year
2024
Forecast Years
2025-2033
Historical Years
2019-2024
Market Size in 2024
USD 41.6 Billion
Market Forecast in 2033
USD 152.3 Billion
Market Growth Rate 2025-2033 13.9%


An electronic wallet, commonly known as e-wallet, refers to a digital service that allows a consumer to store money and conduct financial transactions. It acts as a virtual wallet that can be used to make payments for various applications, including goods purchasing, online shopping, booking travel tickets, paying utility bills, etc. E-wallet offers numerous advantages over conventional payment methods, such as easy accessibility, quicker money transfers, secured payment gateways, etc. In Vietnam, the growing internet connectivity along with the rising adoption of smart devices is propelling the market growth.

A significant growth in the e-commerce industry along with increasing shift from conventional cash and card payments towards digital alternatives is augmenting the market for e-wallets. Furthermore, the growing number of tech-savvy consumers in the country is also catalyzing the demand for digital wallets for making mobile-based payments. Additionally, several retail outlets in Vietnam are adopting QR codes and NFC-based devices for eliminating card swiping and manual entry, which in turn helps in mitigating human errors and facilitating a smoother checkout experience. Additionally, the rising availability of several customer-centric offers, such as discounts, cashback, and shopping vouchers, associated with e-wallets is also bolstering the market growth. Apart from this, the growing incidences of card thefts are further driving the demand for safer and secured alternatives, including e-wallets. Furthermore, the introduction of multi-factor authentication solutions, including fingerprint and facial recognition, for providing secured e-wallets is also catalyzing the market growth in the country. In the coming years, the rising integration of mobile wallets with numerous advanced technologies, such as AI, predictive analytics, cloud computing, etc., will continue to drive the market for e-wallets in Vietnam.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Vietnam E-wallet market report, along with forecasts for the period 2025-2033. Our report has categorized the market based on type, ownership, technology and vertical.

Breakup by Type:

Vietnam E-Wallet Market Report

  • Open
  • Semi-Closed
  • Closed

Breakup by Ownership:

  • Banks
  • Telecom Companies
  • Device Manufacturers
  • Tech Companies

Breakup by Technology:

  • Near Field Communication
  • Optical/QR Code
  • Digital Only
  • Text-Based

Breakup by Vertical:

  • Retail
  • Transportation
  • Media and Entertainment
  • Energy & Utilities
  • Telecommunication
  • Others

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being MOCA System Inc., M-Pay Technology and Trading Service Joint Stock Company, Vietnam Payment Solution Joint Stock Company (VNPAY), VinID Pay (Vingroup), VNPT Electronic Payment Joint Stock Company and ZaloPay (ZION Joint Stock Company).

Report Coverage:

Report Features Details
Base Year of the Analysis 2024
Historical Period 2019-2024
Forecast Period 2025-2033
Units Billion USD
Segment Coverage Type, Ownership, Technology, Vertical
Companies Covered MOCA System Inc., M-Pay Technology and Trading Service Joint Stock Company, Vietnam Payment Solution Joint Stock Company (VNPAY), VinID Pay (Vingroup), VNPT Electronic Payment Joint Stock Company and ZaloPay (ZION Joint Stock Company)
Customization Scope 10% Free Customization
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Questions Answered in This Report:

  • How has the Vietnam E-wallet market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the Vietnam E-wallet market?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the ownership?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the vertical?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the Vietnam E-wallet market and who are the key players?
  • What is the degree of competition in the industry?

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Vietnam E-Wallet Market Report by Type (Open, Semi-Closed, Closed), Ownership (Banks, Telecom Companies, Device Manufacturers, Tech Companies), Technology (Near Field Communication (NFC), Optical/QR Code, Digital Only, Text-Based), Vertical (Retail, Transportation, Media and Entertainment, Energy & Utilities, Telecommunication, and Others) 2025-2033
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