Updated October 14, 2026 · VaultCue Editorial Team
MoMo vs WeChat Pay
MoMo
Higher score in this comparison
WeChat Pay
MoMo vs WeChat Pay: the differences
| Compare | MoMoReviewSee alternativesSee alternatives | WeChat PayReviewSee alternativesSee alternatives |
|---|---|---|
| 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 |
| Monthly fee | ₫0 | Not confirmed |
| Currency conversion fee | 2% | Not confirmed |
| Currencies | 1 | Not confirmed |
| Free ATM withdrawals | ₫30,000,000 | Not confirmed |
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.
Key differences
- Founded is lower at MoMo: 2007 vs 2013.
- Support channels: only MoMo offers Email, Chat.
- Audience: only MoMo offers Teen, Student.
- Audience: only WeChat Pay offers Travelers.
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.
WeChat Pay
Weixin Pay is a mobile-payment solution launched jointly by Weixin and Tenpay in 2013.
Score breakdown
| Area | MoMo | WeChat Pay |
|---|---|---|
| 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%. | Not confirmed |
| Offer | 9.0Higher | 8.5 |
| Trust | 8.8Higher | 8.5 |
How they place
| Ranking | MoMo | WeChat Pay |
|---|---|---|
| Business bank accounts | 204 of 563 | 542 of 563 |
| Money transfer services | 352 of 1564 | 1487 of 1564 |
Every fact side by side
| Fact | MoMo | WeChat Pay |
|---|---|---|
| Audience | Teen, Student, Business | Travelers, Business |
| Pricing model | No monthly fee | Not confirmed |
| Features | Digital only | Not confirmed |
| Legal entity | Mobile Services Joint Stock Company (M_Service JSC) | Tenpay Payment Technology Co., Ltd. |
| Headquarters | Vietnam | China |
| Founded | 2007Lower | 2013 |
| Support channels | Phone, Email, Help centre, ChatCovers more | Phone, Help centre |
Money transfer
| Fact | MoMo | WeChat Pay |
|---|---|---|
| Delivery time | Instant | Not confirmed |
| Payout methods | Bank, Cash pickup, WalletCovers more | Bank, Wallet |
| Fee to send 1,000 | ₫0 | CN¥0 |
Where each stands against the rest
| Fact | MoMo | WeChat Pay | Median |
|---|---|---|---|
| Monthly fee | ₫0at the median | Not confirmed | ₫0 |
| Currency conversion fee | 2%above the median | Not confirmed | 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
WeChat Pay
Pros
- Weixin Pay is a mobile-payment solution launched jointly by Weixin and Tenpay in 2013.
- It supports online and offline payment use; it is not a deposit account.
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
WeChat Pay
Who it suits
- Weixin users who want to know the scope of the mobile payment service
Current offers
MoMo
Current offer
Country by country
| Country | MoMo | WeChat Pay |
|---|---|---|
| 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.
How many currencies can I hold?+
MoMo covers 1 currency. The median across the site is 5 and the widest accounts reach 350, so this sits at the bottom of the range for anyone holding or sending foreign money.
Is the money safe and who regulates MoMo?+
MoMo runs under Mobile Services Joint Stock Company (M_Service JSC) and holds a State Bank of Vietnam licence, listed as 16/GP-NHNN. The account is digital only and support runs on phone, email and help centre, so help is reachable from the app.
Other options to compare
Other matchups
Related by the facts
MoMo
WeChat Pay