Updated September 29, 2026 · VaultCue Editorial Team
MoMo vs Yape
MoMo
Yape
Higher score in this comparison
Where MoMo and Yape differ
| Compare | MoMoReviewSee alternativesSee alternatives | YapeReviewSee alternativesSee alternatives |
|---|---|---|
| Monthly fee | ₫0 | PEN 0 |
| Currency conversion fee | 2% | 0%Lower |
| Currencies | 1 | 2Higher |
| 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 (0) to send a Yape payment; remittance receiving also free |
| Free ATM withdrawals | ₫30,000,000 | Not confirmed |
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Key differences
- Yape scores higher overall: 9.1 vs 8.8.
- Currency conversion fee is lower at Yape: 0% vs 2%.
- Currencies is higher at Yape: 2 vs 1.
- Support channels: only MoMo offers Phone, Email, Chat.
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.
Yape
Yape suits people in Peru who want a wallet for everyday payments and money sent home, not a multi-currency account. The monthly fee is PEN 0 and the currency conversion fee is 0%, so the cost is hard to argue with, but the offer is thin at 2 currencies.
Score breakdown
| Area | MoMo | Yape |
|---|---|---|
| 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%. | 9.6HigherMonthly fee of PEN 0, a currency conversion fee of 0% and free transfers on a single-currency wallet. |
| Offer | 9.0Higher | 8.3Covers 2 currencies, pays out to the wallet only and runs as a digital-only service. |
| Trust | 8.8 | Not confirmed |
Spending 1,000 abroad
MoMo
20
2% of 1,000
Yape
0
0% of 1,000
Yape comes out 20 lower in this example.
Worked out from the stated prices and rates; your own total depends on how you use it. Facts checked September 26, 2026.
Which one suits you
Pick MoMo if offer matter most.
Pick Yape if cost, currency conversion fee, and currencies matter most.
Licences and countries
| Country | MoMo | Yape |
|---|---|---|
| Vietnam | State Bank of Vietnam (Ngan hang Nha nuoc) 16/GP-NHNN | Not confirmed |
Additional countries for MoMo: 1. Additional countries for Yape: 1.
How they place
| Ranking | MoMo | Yape |
|---|---|---|
| Money transfer services | 352 of 1564 | 240 of 1564 |
| Online banks | 146 of 402 | 93 of 402 |
Every fact side by side
| Fact | MoMo | Yape |
|---|---|---|
| Audience | Teen, Student, Business | Not confirmed |
| Pricing model | No monthly fee | No monthly fee |
| Features | Digital only | Digital only |
| Legal entity | Mobile Services Joint Stock Company (M_Service JSC) | Not confirmed |
| Headquarters | Vietnam | Not confirmed |
| Founded | 2007 | Not confirmed |
| Support channels | Phone, Email, Help centre, ChatCovers more | Help centre |
Money transfer
| Fact | MoMo | Yape |
|---|---|---|
| Delivery time | Instant | Instant, credited directly to the Yape wallet |
| Payout methods | Bank, Cash pickup, WalletCovers more | Wallet |
| Fee to send 1,000 | ₫0 | PEN 0 |
Where each stands against the rest
| Fact | MoMo | Yape | Median |
|---|---|---|---|
| Currency conversion fee | 2%above the median | 0%below the median | 0.5% |
| Currencies | 1lowest quarter | 2lowest quarter | 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
Yape
Pros
- Monthly fee of PEN 0 on the everyday account
- Currency conversion fee of 0%, top of the multi-currency table
- Sending a Yape payment and receiving a remittance are both free
Cons
- Only 2 currencies, near the bottom of the multi-currency table
- Payouts run to the wallet only, so money cannot be withdrawn to a bank account
- Support runs on help centre only, with no phone or email line
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
Yape
Who it suits
- People living in Peru paying everyday bills from a phone
- Family members abroad sending remittances to a Yape wallet
- Anyone who wants to receive money without opening a bank account
Who should look elsewhere
- PayPal Colombia or Skrill if you hold money in several currencies
- eToro if you want a card account that pays out to a bank
- Anyone who needs help by phone, since support runs on help centre only
Current offers
MoMo
Current offer
Yape
Current offer
Discount code
Hasta 50% de descuento en electrodomésticos en Yape Tienda: Up to 50% off appliances
Source, checked September 26, 2026
Country by country
| Country | MoMo | Yape |
|---|---|---|
| Peru | 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.
Yape
How much does a Yape account cost to keep?+
The monthly fee on the everyday account is PEN 0. Sending a Yape payment carries no charge, and receiving a remittance is free as well, so the everyday cost of running the wallet is close to nothing.
What does it cost to change currency in a Yape wallet?+
The currency conversion fee is 0%, which sits at the top of the multi-currency ranking. The catch is that Yape only holds 2 currencies, so a wider currency basket is not available here.
Other options to compare
Other matchups
Related by the facts
MoMo
Yape