Netstars Vietnam will cooperate with Mobile Online Services JSC (M service) to provide grocery stores with online and offline payment solutions.
The collaboration agreement signed by Netstars Vietnam Co., Lt (Netstars Vietnam), a member of the multinational fintech startup Netstars, and M service, a leading fintech company that operates the Momo super app in Vietnam, aims to promote payment services other than in cash. and digital merchant tools for grocery stores in Vietnam.
Amid the Covid pandemic, most traditional business activities are affected. The partnership aims to make it easy for grocery stores to receive online and offline payments through the Tete Shop service, a smartphone-based store management application for grocery stores with more than 10,000 registered stores. This will help traders reduce physical contact and lower the risk of Covid infection.
Currently, Momo has over 25 million users in Vietnam.
While Netstars has a large market share in multi QR payment solutions in the Japanese market, its local branch has integrated with most of the major banks and electronic wallets in Vietnam, accepting payments from over 80% of applications. mobile banking and electronic wallet in the market.
In addition to payment solutions, Netstars Vietnam also offers a Tete Shop smartphone store management application for grocery stores with more than 10,000 registered points of sale.
Netstars Vietnam has demonstrated its commitment to providing professional solutions to grocery stores and its passion to contribute to the development of Vietnam. The two sides plan to jointly promote and expand the Tete Shop and Momo Super app to remote, rural and remote areas with the aim of delivering digital transformation to 1.4 million grocery stores in Vietnam.