Vietnam’s MoMo Rolls Out BNPL Payment Option for Online Apple Store Purchases
by Fintech News Vietnam May 18, 2023Vietnamese e-wallet M-Service which operates under the MoMo brand has begun offering its local customers monthly instalments when they make purchases at the online Apple Store.
With this new feature, Vietnamese customers will have the opportunity to shop Apple’s products and use MoMo as a flexible payment gateway.
Alongside a one-time payment option, customers who choose to use MoMo Instalments for Apple Store Online can also split their purchase into 6 to 24 monthly instalments with a down payment of 20% and with monthly interest rates.
Do Quang Thuan
Do Quang Thuan, Senior Vice President in charge of the Financial Services Division at MoMo said,
“In 2019, MoMo was the first e-wallet in Vietnam to become a payment method for App Store.
We are excited to provide more flexible payment options to Vietnamese customers when purchasing their favourite products from Apple Store Online, while helping them to more easily manage their finances.”
