Updated September 28, 2026 · VaultCue Editorial Team
MoMo vs PagBank
PagBank
Higher score in this comparison
MoMo
What sets them apart
| Compare | MoMoReviewSee alternativesSee alternatives | PagBankReviewVisitVisit |
|---|---|---|
| Monthly fee | ₫0 | R$0 to R$75 |
| Currency conversion fee | 2%Lower | 5% |
| Free ATM withdrawals | ₫30,000,000 | R$0 |
| Transfer fee | Bank cash-out free up to 30,000,000 VND per month, then 0.5% of transaction value; 1% of transaction value once the monthly total exceeds 100,000,000 VND | Free (unlimited TED and Pix to any bank) |
| Currencies | 1 | Not confirmed |
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Key differences
- PagBank scores higher overall: 8.9 vs 8.8.
- Founded is lower at PagBank: 2006 vs 2007.
- Currency conversion fee is lower at MoMo: 2% vs 5%.
- Audience: only MoMo offers Teen, Student.
- Audience: only PagBank offers Freelancer.
- Features: only PagBank offers Free ATM, No credit check.
Our verdict on each
MoMo
MoMo is a digital wallet for people living in Vietnam who want everyday payments handled from a phone rather than a branch. It charges a monthly fee of VND 0 and holds a State Bank of Vietnam licence, and it covers 1 currency, which points to a local account.
PagBank
PagBank suits Brazilian businesses and freelancers who want a free everyday account with instant Pix payouts and a savings option on the side.
Score breakdown
| Area | MoMo | PagBank |
|---|---|---|
| Cost | 8.6The monthly fee is VND 0 and the transfer fee is VND 0, but conversion at 2% sits above the site median of 0.5%. | 8.6Cost score rests on BRL 0 to BRL 75 monthly charges, BRL 0 for cash withdrawals and 5% for card conversion. |
| Offer | 9.0 | 9.2HigherOffer score rests on variable savings, Daily liquidity, redeem whenever you want and payouts to bank and wallet. |
| Trust | 8.8 | 8.8 |
Where they rank in our lists
| Ranking | MoMo | PagBank |
|---|---|---|
| Business bank accounts | 204 of 563 | 16 of 563 |
| Money transfer services | 352 of 1564 | 14 of 1564 |
| Online banks | 146 of 402 | 11 of 402 |
Where these facts come from
MoMo
- momo.vn: 12 facts, checked September 26, 2026
PagBank
- pagbank.com.br: 10 facts, checked September 26, 2026
- faq.pagbank.com.br: 1 fact, checked September 26, 2026
Every fact side by side
| Fact | MoMo | PagBank |
|---|---|---|
| Audience | Teen, Student, Business | Business, Freelancer |
| Pricing model | No monthly fee | No monthly fee |
| Features | Digital only | Free ATM, Digital only, No credit checkCovers more |
| Legal entity | Mobile Services Joint Stock Company (M_Service JSC) | PAGSEGURO INTERNET INSTITUIÇÃO DE PAGAMENTO S/A |
| Headquarters | Vietnam | Brazil |
| Founded | 2007 | 2006Lower |
| Support channels | Phone, Email, Help centre, Chat | Email, Phone, Help centre, Chat |
Money transfer
| Fact | MoMo | PagBank |
|---|---|---|
| Delivery time | Instant | Within minutes: cross-border payouts cleared in minutes to Pix or a PagBank account; Pix transfers instant 24/7 |
| Payout methods | Bank, Cash pickup, WalletCovers more | Bank, Wallet |
| Fee to send 1,000 | ₫0 | R$0 |
Savings
| Fact | MoMo | PagBank |
|---|---|---|
| Rate type | Not confirmed | Variable |
| Minimum deposit | Not confirmed | R$1 |
| Access terms | Not confirmed | Daily liquidity, redeem whenever you want |
| Account kind | Not confirmed | Easy access |
Where each stands against the rest
| Fact | MoMo | PagBank | Median |
|---|---|---|---|
| Currency conversion fee | 2%above the median | 5%highest quarter | 0.5% |
| Currencies | 1lowest quarter | Not confirmed | 5 |
Median across 536 listed accounts.
Pros and cons
MoMo
Pros
- No monthly charge, listed at VND 0 for the everyday account
- Transfers land Instant, so payments and payouts clear quickly
- Cash-out reaches banks, pick-up points and wallets through bank, cash pickup and wallet
Cons
- Currency conversion costs 2%, above the site median of 0.5%
- Only 1 currency is covered, against a site median of 5
- The account is digital only, so there is no branch to visit
PagBank
Pros
- Transfers to any bank are Free (unlimited TED and Pix to any bank), which covers both Pix and TED.
- Cash access carries an allowance of BRL 0, so withdrawals do not add to the bill.
- Payouts reach bank and wallet, and cross-border money clears in minutes to Pix or a PagBank account.
Cons
- Currency conversion on the card costs 5%, which ranks 304 of 312 and sits above the site median of 0.5%.
- The service is digital-only, as free atm, digital only and no credit check shows, so it suits people comfortable running money from an app.
- Savings pay a variable rate, so returns can move.
Who each suits
MoMo
Who it suits
- Teenagers and students who pay and receive money by phone
- Small businesses in Vietnam taking daily payments from customers
- Anyone who wants money to move instantly inside the country
Who should look elsewhere
- Skrill or Plazo ES, euro wallets at a €0 monthly fee for another market
- PayPal Colombia, whose cross-border reach suits international payments more than local ones
- Anyone who wants a branch to visit, since the account is digital only
PagBank
Who it suits
- Brazilian sole traders and small companies that bill and pay in Pix
- Freelancers who want an everyday account with an easy access CDB alongside
- Anyone happy to manage the account from a phone
Who should look elsewhere
- Skrill, if a wallet outside Brazil fits better: its monthly fee is €0
- Plazo ES, if a Spanish product suits you instead: its monthly fee is €0
- PayPal Colombia, if a wallet for cross-border online payments is the job: its monthly fee is $0
Current offers
MoMo
Current offer
PagBank
Current offer
Discount code
Taxa 0% para novos clientes (0% merchant rate on card readers): 0%
New customers of the Conta PJ PagBank; card reader without rental fee
Source, checked September 26, 2026
Discount code
Moderninha ProFit com 90% off (Super Max): R$ 83,88 à vista (12x de R$ 6,99)
Super Max plan; promotional price valid under campaign terms
Source, checked September 26, 2026
Country by country
| Country | MoMo | PagBank |
|---|---|---|
| Brazil | No | Yes |
| Vietnam | Yes | No |
Questions about each
MoMo
Does MoMo charge a monthly fee?+
No. The monthly fee is VND 0, and the service runs on a no-monthly-fee model. The transfer fee is also listed at VND 0, with charges applying only once cash-out allowances are passed. The free tier is what most everyday users rely on.
What does it cost to change currency?+
Currency conversion costs 2%. That is above the 0.5% median across the brands on the site, and MoMo sits at 214 of 312 on this measure, so conversion is the weak point of an otherwise free service.
PagBank
What does PagBank charge to hold an account?+
The monthly fee runs BRL 0 to BRL 75, and the account is built around no monthly charge. PagBank ranks 1 of 500 on monthly fee across the site, the site median is €0, and the top of the site range reaches €449.
Are Pix and TED transfers really free?+
Transfers to any bank are Free (unlimited TED and Pix to any bank), and the Pix transfer charge is BRL 0. Pix is instant around the clock, and cross-border payouts clear in minutes to Pix or a PagBank account, with payouts landing on bank and wallet.
Other options to compare
Other matchups
Related by the facts
PagBank
MoMo