Mobile money service attracts 2.2 mln users
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The mobile money service, which allows users to deposit, withdraw, pay or transfer money on mobile devices, has signed up nearly 2.2 million subscribers in eight months.
Of the customers, 69% are from rural and mountainous areas, according to the Ministry of Information and Communications.
The service are jointly offered on a trial basis by three leading telecommunications service providers Viettel, MobiFone and VinaPhone. Viettel has roughly 1.4 million mobile money users, VinaPhone, 700,000, and MobiFone, nearly 500,000.
Viettel and VinaPhone customers can transfer money from Mobile Phone accounts to bank accounts and vice versa. In the past, they had to deposit or withdraw money at transaction offices or authorized agents of the mobile network operators.
As of late September, Vietnam had nearly 120 million mobile phone subscribers, including some 93.7 million using smartphones, according to the ministry.
Questions & Answers
Q.How many users have signed up for the mobile money service in total?
How many users have signed up for the mobile money service in total?
The mobile money service has attracted nearly 2.2 million subscribers in the eight months since its launch. This figure represents the total number of customers across all participating telecommunications providers offering the service.
Q.Which companies are jointly offering this mobile money service?
Which companies are jointly offering this mobile money service?
The mobile money service is being offered on a trial basis by three leading telecommunications service providers. These companies are Viettel, MobiFone, and VinaPhone, working together to deliver the new offering.
Q.What proportion of the mobile money users are located in rural or mountainous regions?
What proportion of the mobile money users are located in rural or mountainous regions?
According to the Ministry of Information and Communications, a significant portion of the mobile money users are from rural and mountainous areas. Specifically, 69% of the customers signed up are located in these regions.
Q.Which of the providers has attracted the most mobile money users so far?
Which of the providers has attracted the most mobile money users so far?
Among the three telecommunications providers, Viettel has signed up the largest number of mobile money users. They currently account for roughly 1.4 million of the total subscribers to the service.
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