MoMo vs AirPay: more, less

MoMo and AirPay are two of the popular electronic wallets in Vietnam. MoMo is a long time ago, AirPay has been around for 1.5 years now through the close integration with Now.vn food delivery platform (later expanded to many other items). I’m currently using both, for quite different purposes, and each one has its own likes and dislikes.

Interface, app

I like the interface and the way MoMo designs their app rather than AirPay, it is more friendly and pleasant to look at, and the way MoMo chooses the app’s color is also better, it makes a difference between features and stands out. .

Both apps run fast and smooth, with full support for Android and iOS. Both also support fingerprint authentication (on Android, iOS) and face recognition (iPhone X and later), so authentication is easier, especially when you take your wallet to pay for small items. as small as paying The Coffee House coffee, buying Tenren milk tea, buying scratch cards online or paying for food with Now.vn.

Both apps also integrate many online services directly into their apps, without needing to switch to another app to purchase. Currently in this respect, MoMo is slightly better than AirPay, but in the coming time when AirPay is expanding its cooperation, it will soon catch up. I often use both MoMo and AirPay to recharge phones: D sometimes they have some pretty good promotions.

Shops, services that accept payment by wallet

Compared with credit cards, ATM cards, the payment by wallet in Vietnam is not as popular. And both of these non-cash payment instruments are even rarer in rural areas or small provinces.

If only for e-wallet support, MoMo has an advantage compared to AirPay because they are out, have worked with many parties already and are currently supported by many retailers such as Pizza Hut, The Coffee House, Tenren, Co-op Mart, The Alley, cafes, a fashion shop fix. You can see the details at the link https://momo.vn/timdiemthanhtoan.

As for AirPay, they only offer less support because they are born later, their expansion speed will still be very fast and then the two sides will be equal. In the last 3 months, I have seen more and more “AirPay Support” signs wherever I go. But at the present time, I still prefer MoMo when offline payment.

Regarding online service that accepts payment by e-wallet, we can buy CGV movie tickets with MoMo for a big discount (79k discount / ticket for the first payment), then purchase Tiki, Adayroi .. Can also use MoMo. AirPay, I mainly use it with Now.vn but rarely use in other services, mainly because the services I use or do not support.

Recently MoMo also supports Google Play, coming to the App Store and this will be a huge advantage for MoMo compared to AirPay. These are services that Vietnamese people have been afraid of buying before because they do not have credit cards like Mastercard, Visa … Now we have the opportunity to get closer to these. Without a card, we use the wallet.

In summary, MoMo is now more supported than AirPay and this is also the reason I choose MoMo line over AirPay.

Payment of service charges

Here I am talking about things like electricity bills, water bills, telephone bills, Internet money … Both AirPay and MoMo support payment of daily charges, they also have automatic notification function. Notify when the bill is due. The function to save the invoice number for later use is also convenient.

I see MoMo also has a service of paying tuition fees of Polytechnic University. These cases have not seen AirPay support, probably because it’s still new.

Transfer money back and forth

Every e-wallet on the market today supports the transfer of money between users in the same wallet, MoMo and AirPay are no exception. You can borrow money from your friend at lunch and then return to the company to return to it, or buy goods online and pay with MoMo / AirPay for the seller is also very convenient and not having to mess around with your account. Item.

Both MoMo and Airpay support transferring money to others by phone number, no need to remember any special account number at all. I appreciate this feature.

Safe

In terms of safety, both wallets are the same, I have not seen any superior. In accordance with state bank regulations, you are required to link your bank account to a wallet in order to use the wallet. This is a way to prevent fraud and better control where money flows to places. Like it or not, you’ll still have to link your account or choose not to use your wallet.

As mentioned above, both AirPay and MoMo fully support biometric authentication methods such as faces, fingerprints, creating both safety and convenience. I always turn on biometric authentication when I use an electronic wallet.

With both wallets, when you trade large sums (you can choose how much is large), the wallet will force you to enter a new manual password for payment. I appreciate this because it helps limit the situation where your money is misused when your phone is lost. This is also the method used by banking apps to protect users’ money.

With Momo, when you log into your account on a new phone, they will make an automated call for you to read the OTP code. That means in addition to the normal password you have set for the wallet, you must enter additional OTP, like 2-layer security. At the same time MoMo will also limit the amount of transactions to a maximum of 2 million within 24 hours to limit your risk. This is a bit annoying, and you have to contact MoMo to ask them to unlock the limit if you need to pay something over 2 million immediately. But well, I’d rather be bothered than lose money, so I don’t feel any problem with this solution.

The case is limited to over 2 million I have not had the opportunity to test, if you have already tried it, please comment.

The barriers of universal e-wallet today:
Many places still do not accept payment by wallet
The concept of wallets is not widely known, or known but used only for promotion, not as a payment habit
Cash is still preferred by many payment points
Not everyone has a mobile network, 4G, 3G are not so popular that everyone has it, without network, it is impossible to perform transactions.

Samsung launched a smart device solution package for homes and buildings in Vietnam

Samsung has recently launched a smart device solution package for homes and buildings in Vietnam. The Smart Home package is aimed at home users, who want to use technology to make life more convenient. Smart Building package serves businesses, allowing management of buildings and offices in an automated way to reduce resource consumption and create a more comfortable working space.

Samsung affirmed that Vietnam is a potential market for smart device solutions, with growth of up to 35%. Samsung smart device solutions are integrated into their rich product ecosystem, from TVs, phones, air conditioners, refrigerators and many other home appliances. Not stopping there, the company also works with third parties to expand the ecosystem with more than 4,000 compatible devices. All of these devices will be connected to each other via Wifi network, thereby allowing users to control and update the page at any time.

Notably, Samsung is not only aimed at home users, but also businesses, office buildings. Samsung’s solution through the use of an algorithm to optimize power usage, reduce the cost of wireless connectivity between devices, reduce operating costs and provide a comfortable working environment as well as improve security. honey.

Samsung has now deployed the Smart Home solution at apartments of The Metropole Thu Thiem, Smart Building at Samsung Electronics HCM CE Complex.

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