MoMo's CEO is lauded for his role in putting Vietnam's fintech industry on the global map.

DNHN - Mr Nguyen Manh Tuong was recognised for his exceptional leadership skills, which helped put the Vietnamese fintech industry on the global map.

The Asian Banker has just bestowed the "Innovation Leadership Achievement Awards 2023" upon MoMo Vice Chairman and CEO Nguyen Manh Tuong.

The "Innovation Leadership Achievement Award" is one of the most prestigious individual awards presented by The Asian Banker, a financial services research and consulting organisation. The leading financial institution in Asia. This year's award ceremony took place within the framework of The Asian Banker's "Future of Finance Summit" event.

Mr Nguyen Manh Tuong, Vice Chairman of the Board of Directors and Chief Executive Officer of MoMo, stated, "The award is not only an honour for me but also a great encouragement for the brothers and sisters at MoMo to continue their innovative journey. Innovation through creativity is one of MoMo's five core values. I have always understood that innovation is not merely about inventing new services or technologies, but also leveraging collective potential to solve pressing problems and bring about significant change. and leave a legacy that endures. I hope MoMo's innovative ideas inspire other companies in the financial technology (fintech) and banking and financial technology communities to dream bigger and embrace the limitless potential of technology to better serve the Vietnamese people."

Mr Nguyen Manh Tuong was honoured for his exceptional leadership ability to make significant changes that helped put the Vietnamese fintech industry on the global map, stand alongside the world's leading fintech, and promote MoMo's environment and innovation culture.

Mr Alain Chevalier, Chairman of the Advisory Council of The Asian Banker "Innovation Leadership Achievement Award," stated, "The Asian Banker is honoured to present this award to Vice Chairman of the Board of Directors - CEO MoMo to recognise Mr Nguyen Manh Tuong's exceptional leadership and brilliant vision in fostering an environment and culture of innovation. These remarkable accomplishments and market dominance validate MoMo's leadership position and MMrTuong's impact on the financial sector."

Mr Nguyen Manh Tuong received his degree from the Hanoi University of Science and Technology. He received his Master of Science in Computer Science from the University of Buffalo (New York) and his Master of Business Administration from the Booth School of Business at the University of Chicago (Chicago). Tuong co-founded MoMo in 2010 to promote financial inclusion in Vietnam by providing the Vietnamese with accessible and inexpensive payment solutions.

Innovative accomplishments began with creating the super application MoMo, collaboration with leading global platforms including Apple, Google, and Tiktok... attracting users through appealing games and campaigns, and signing cooperation agreements with mutually beneficial banks.

MoMo is currently the largest payment platform in Vietnam, with over 31 million Vietnamese users. According to the report "The Connected Consumer" released by Decision Lab - YouGov's exclusive partner in Vietnam - in collaboration with the Vietnam Mobile Marketing Association (MMA) in the first quarter of 2023, MoMo ranked first in market share and was the most popular Fintech in Vietnam.

MoMo, according to the report, dominates all indicators. Fintech holds a 68% market share in Vietnam, is the most popular, and is adored and utilised by multiple generations of users. Most.

The report also indicated that MoMo is the most popular Fintech, with a preference of 48%, an increase of 2% from the fourth quarter of 2022. MoMo's favourite level is the most popular across all three generations (Gen) X (from 42 to 62 years of age), Y (from 26 to 41 years of age), and Z (from 16 to 25 years of age). In particular, MoMo is favoured by 51% and 54% of Gen Z and Gen Y users, which is a preference increase of 50%.

MoMo continues to make its mark in the second quarter of 2023 with numerous new services and utilities. Recently, MoMo became an official integrated payment method on the online Apple Store, allowing Vietnamese customers to easily shop for their favourite Apple products and manage and balance their accounts. on its own.

Dinh Lam (t/h)