Vietnam Mobile Payment Market Size, Share, Growth, Trends and Top 10 Players Analysis- Movi, M_Service, National Payment Corp of Vietnam, NganLuong.vn, OnePAY, Orange

Allied Market Research recently published a report titled, “Vietnam Mobile Payment Market by Type (Proximity Payment and Remote Payment), Mode of Transaction (Short Message Service, Wireless Application Protocol, and Near-Field Communication), End User (Personal and Business), Application (Hospitality & Tourism, Media & Entertainment, Retail, Healthcare, Energy & Utilities, IT & Telecommunication, and Others), and Type of Purchase (Airtime Transfer & Top-Ups, Money Transfers & Payments, Merchandise & Coupons, Travel & Ticketing, and Others): Opportunity Analysis and Industry Forecast, 2020–2027’’.

The market report presents the top factors and market trends that are real behind the growth of the Vietnam Mobile Payment Market. It also offers an extensive study of evolving market dynamics, top investment pockets, key sections, competitive scenarios, value chain, and major investment prospects. These figures and data are helpful for startups, stakeholders, investors, and the key market players to obtain useful understandings and visions on the market and implement necessary strategies based on the same.

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Covid-19 scenario-

• The outbreak of the pandemic gave way to economic instability and dwindled business confidence. Apart from that, dearth of skilled workforce and distorted manufacturing activities impacted the market negatively, especially during the first phase of the lockdown.
• Several provinces across the world have again entered the lockdown phase, owing to the thrust by the second wave of the pandemic. This has affected the market growth yet again.

Key market players in the Vietnam Mobile Payment Market:

The market report doles out the reference of the major player in the market including Movi, M_Service, National Payment Corporation of Vietnam (NAPAS), NganLuong.vn, OnePAY, Orange, PayPal Holdings, Inc., SohaPay Electronic Payment Tool, VietUnion Online Services Corporation (Payoo), and VNG Corp.

These players have taken recourse to essential strategies including alliance, collaboration, development, joint ventures, and others to heighten their stance in the industry.

The study on the global Vietnam Mobile Payment Market incorporates 250+ pages report that offers noteworthy information along with underscoring the drivers, restraints, and opportunities of the market. The study also aims to proffer a comprehensive information on the recent market leanings, movements, approaches, and stratagems espoused by the market players in the global Vietnam Mobile Payment Market. The report encompasses both the projected as well as historical data throughout the forecast period along with other facets including product outline and growth opportunities.

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The report provides an extensive segmentation of the global Vietnam Mobile Payment Market on the basis of type, applications, end users, and region. Thorough analysis of each section and sub-section is offered in the research with the help of horizontal and graphical depiction. This breakdown is helpful in assessing the fastest growing segments and establishing strategies to attain sustainable growth.

Vietnam Mobile Payment Market Geographical Analysis:

The report also provides a regional analysis of the market along with the competitive setting in each region. These segmentations aid the market players in framing respective tactics, thus leading way to lucrative opportunities to attain their objectives.

Our Report provides:

• Thorough inquiry of market assessments for all the segments
• Detailed market examination from the viewpoint of the frontrunners in the industry
• Tactical slants and approaches incorporated by new entrants
• Market forecasts on regional base for the next few years
• Competitive exploration of the present Vietnam Mobile Payment Market trends
• Profiling of companies along with their exclusive strategies

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CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key forces shaping Vietnam mobile payment market
3.3.Market dynamics
3.3.1.Drivers
3.3.1.1.Rise in adoption of smartphones across the country
3.3.1.2.Growth in the m-commerce industry
3.3.1.3.Development of the fintech & payment industry
3.3.2.Restraint
3.3.2.1.Rise in data breaches and security issues in mobile payments
3.3.3.Opportunity
3.3.3.1.Increase in demand for fast & hassle-free transaction services
3.3.3.2.Increase in use of NFC, RFID, and host card emulation technology in mobile payments
3.3.3.3.Initiatives to drive cashless payments in Vietnam
3.4.COVID-19 impact analysis on Vietnam mobile payments market
3.4.1.Impact on Vietnam mobile payments market size
3.4.2.Consumer trends, preferences, and budget impact
3.4.3.Regulatory framework
3.4.4.Economic impact
3.4.5.Key player strategies to tackle negative impact
3.4.6.Opportunity window

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