MoMo now serves nearly 10 million users on its e-wallet platform The company’s performance has been underpinned by the rapid uptake of mobile payments as the country’s digitally-savvy population embraced the convenience of making cashless transactions on their mobile devices, both online and offline. “Last year was a transformational period for MoMo,” said Pham Thanh Duc, the CEO of MoMo. “The company posted its largest ever transaction volume and number of active users and we have significantly extended our lead as the platform of choice in the Vietnamese digital payments market.” The company has just announced that MoMo now serves nearly 10 million users on its e-wallet platform and is the country’s most downloaded e-wallet app in 2018. The volume of transactions processed on MoMo’s platform has grown by more than three times over the course of the year. The introduction of new innovative payment features, exclusive merchants and … [Read more...] about MoMo announces record-breaking growth in 2018
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PVI Insurance and Swiss Life Network sign co-operation agreement
Michael Hansen, director general of Swiss Life Network announced at the signing ceremony with PVI that the Pool Network has 4 million clients globally with a total premium amounting to CHF19.2 billion ($14.44 billion). PVI Insurance and Swiss Life Network announce the co-operation agreement Duong Thanh Danh, vice chairman of the board of PVI, expressed strong belief that PVI Insurance will learn and improve its service quality to both corporate and individuals clients and catch up to the international standards of Swiss Life, which has more than 160 years of experience in servicing more than 520 multinationals companies. PVI Insurance is now the second-largest insurer in terms of revenue and market share in the Vietnamese non-life insurance market, but PVI Insurance ranks first in profit as well as customer service through two specialised customer service offices that carry out claim services and direct billing for clients in Hanoi and Ho Chi Minh City. Danh believed that PVI … [Read more...] about PVI Insurance and Swiss Life Network sign co-operation agreement
Ride-hailing and delivery companies lose ground to Grab
Ahamove drivers protesting the company's policies in January Only several days ago, CEO Nguyen Vu Duc and the deputy CEO of Go-Viet also quit over uncertainties with their legal status and their relation to Go-Jek, as it is uncertain whether Go-Viet is an Indonesian company with Go-Jek as the parent company or whether Go-Jek is just an investor/shareholder. Similarly, Ahamove, the on-demand delivery startup developed by Scommerce, has replaced several senior leaders, letting go CEO Nguyen Xuan Truong among others who were disagreeing with the company’s strategy and development plan. Chief technology officer (CTO) Pham Huu Ngon will be the new CEO of Ahamove. Ngon is an IT engineer and rather well-known in tech startup circles. If in multi-national corporations the CFO (chief finance officer) is the person to usually succeed the CEO, it is reasonable for the CEO position to be ceded to the CTO at technology companies. Ahamove is a project of Scommerce Group founded by Luong Duy … [Read more...] about Ride-hailing and delivery companies lose ground to Grab