What VIMO Technology does

VIMO Technology (legal name: Công ty Cổ phần Công nghệ Vi Mô) was a Hanoi-based Vietnamese digital payment service provider founded in 2016, operating a consumer mobile e-wallet (VIMO E-Wallet) on iOS and Android alongside a merchant-facing payment platform (VIMO Merchant) and MPOS terminal infrastructure. The platform supported instant money transfers, QR-code banking payments across 20++ partner banks, credit card installments at 0% interest over 3-6-9-12 month tenures, utility bill payments with cashback, mobile top-ups, and travel bookings (hotels, trains, buses, flights). VIMO held the exclusive position as the sole licensed payment aggregator in Vietnam officially integrated with WeChat Pay and Alipay since 2018, enabling Chinese tourist cross-border payments at 4,000+ merchant points with CNY-to-VND conversion.

The business model was a free consumer wallet monetized entirely through merchant-side transaction fees: payment processing commissions on QR, card, and installment transactions; service commissions on ticketing (train, bus, hotel); bill payment processing fees; and FX margins on cross-border WeChat/Alipay transactions. Distribution combined product-led growth (self-service app downloads and merchant.vimo.vn portal) with direct field sales for MPOS/QR merchant acquisition, targeting Vietnamese retail SMBs (electronics shops, hotels, restaurants, travel agencies) and individual consumers in a predominantly cash-based economy. Supporting partnerships included NAPAS, all major card networks (Visa, MasterCard, JCB), 20++ Vietnamese banks, Hanoi Railway Transport JSC, and FastGo.

On February 22, 2026, VIMO's State Bank of Vietnam payment intermediary license expired, and the company officially ceased all e-wallet, payment gateway, and collection/disbursement services by February 28, 2026. In June 2026, the company executed a corporate spin-off under Board Resolution 1006/NQ-HĐQT, establishing Công ty TNHH Công nghệ Tapio as a successor entity, with both firms jointly liable for pre-spin obligations.

Name

VIMO Technology

Legal name

Công ty Cổ phần Công nghệ Vi Mô

Website

https://vimo.vn

Company type

Private

Founded year

2016

Operating status

Closed

Headcount range

11–50 employees

Short description

VIMO Technology was a Vietnamese mobile wallet and merchant payment platform offering QR payments, 0% credit card installments, bill payments, and WeChat Pay/Alipay cross-border acceptance, before ceasing operations in February 2026 upon expiration of its State Bank of Vietnam license.

Ownership category

akta.pro rank

Product category

Mobile Payment Platform

NAICS

Credit Intermediation and Related Activities (522), Credit Card Issuing (522210)

SIC

Personal Credit Institutions (6141), Finance Services (6199)

akta.pro primary industry

Alternative Payments & Digital Wallet Acceptance (A2A, RTP, wallets) (THALAHAH)

akta.pro secondary industries

Card Issuing & Virtual Cards (lodge cards, single-use, tokenization) (THALAHAB), Cross-Border Payments & FX (multi-currency wallets, DCC, remittance) (THALAHAE)

Keywords

• Mobile wallet payments
• QR code payments
• Payment gateway services
• Bill payment processing
• Merchant payment solutions

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Payment Processing Fees: VIMO charges merchants transaction fees for processing QR payments, card payments, and installment payments through its payment gateway and POS solutions.
2. Service Commissions: Commission revenue from ticketing services (train tickets, bus tickets), hotel bookings, and travel service bookings processed through the VIMO platform.
3. Bill Payment Processing: Fees from processing utility bill payments (electricity, water, insurance premiums) and credit card debt repayments.
4. Cross-border Payment Services: Foreign exchange and cross-border payment processing fees from WeChat Pay and Alipay transactions for Chinese tourists in Vietnam.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

VIMO Technology operates a mobile e-wallet and payment gateway platform enabling Vietnamese consumers to transfer money, pay bills, top-up mobile credit, book travel tickets, and make QR-code payments across 20++ partner banks. The platform also serves merchants with MPOS terminals, credit card installment (0% interest) solutions, and cross-border payment integration with WeChat Pay and Alipay for Chinese tourists visiting Vietnam.

Product overview

VIMO Technology operates a comprehensive digital payment ecosystem consisting of the core VIMO E-Wallet mobile app for consumers and the VIMO Merchant platform for businesses. The ecosystem includes MPOS (card payment terminal solution), QR-Pay (banking QR code payments), credit card 0% interest installments, bill payment services, train and travel ticket booking, and international payment integration with WeChat Pay and Alipay for Chinese tourists. All services are regulated under State Bank of Vietnam payment intermediary license, though the license expired on 22/02/2026 and the company announced service termination and a corporate spin-off.

Differentiator

Problem solved

Functional benefit

Products and services

• VIMO E-Wallet Mobile App Mobile e-wallet application for Vietnamese consumers enabling instant money transfers, bill payments, mobile top-ups, QR-code payments, travel ticket bookings, and 0% interest credit card installments across 20++ partner banks and card networks in Vietnam.
• VIMO Merchant Platform Merchant-facing payment solution providing QR-code banking payments, credit card acceptance, MPOS terminal deployment, and installment payment (0% interest) solutions for SMB retailers, hotels, restaurants, and travel agencies across Vietnam.
• MPOS Payment Gateway Point-of-sale payment terminal solution supporting both magnetic stripe and chip card reading for international (Visa, MasterCard, JCB) and domestic (NAPAS) cards, enabling merchants to accept credit card installment transactions.
• Credit Card Installment (0% Interest) Service Buy-now-pay-later service allowing customers to purchase items from 3,000,000 VND with 0% interest installments over 3-6-9-12 month tenures using credit cards from 20++ partner banks, deployed through merchant MPOS terminals.
• Train Ticket Booking Service In-app train ticket booking service in partnership with Hanoi Railway Transport JSC, enabling users to book, select seats, pay, and receive electronic train tickets directly within the VIMO e-wallet application for all domestic railway routes.

Quantifiable outcome

• Cashback rewards of 1-30% on various transactions
• +2 more outcomes

Named customers10 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature3 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Công ty CP Vận tải Đường sắt Hà Nội (Hanoi Railway Transport JSC)coreStrategic or Co-development Partner · 23 April 2019Partnership to enable train ticket booking and payment through the VIMO app. Users can book, select seats, pay, and receive train tickets directly through VIMO for all domestic railway routes.
• FastGominorStrategic or Co-development Partner · 1 January 2019Partnership with Vietnamese ride-hailing service FastGo to enable in-app payment for taxi/car rides via VIMO wallet. Included promotional discounts of up to 40% for payments made through VIMO.
• WeChat Pay (Tencent)coreTechnology or Integration · 1 January 2018VIMO is the sole licensed payment aggregator in Vietnam officially partnering with WeChat Pay to enable Chinese tourists to pay at Vietnamese merchants using their WeChat wallet. Transactions are processed in CNY and converted to VND for merchant settlement.
• Alipay (Ant Financial)coreTechnology or Integration · 1 January 2018VIMO is the sole licensed payment aggregator in Vietnam officially partnering with Alipay to enable Chinese tourists to pay at Vietnamese merchants. The partnership enables proper FX management and regulatory compliance for cross-border payments.
• NAPAScoreTechnology or IntegrationVIMO integrates with NAPAS (National Payment Services Corporation of Vietnam) for domestic card processing and ATM network connections, enabling acceptance of domestic bank cards across its merchant network.
• Vietcombank, VietinBank, BIDV, Agribank, Sacombank, TPBank, and 14++ other bankscoreTechnology or IntegrationVIMO maintains QR payment integrations with 20++ Vietnamese banks, enabling instant fund transfers and payments between VIMO users and bank accounts across the country.
• Visa, MasterCard, JCBcoreTechnology or IntegrationVIMO accepts all major international card networks (Visa, MasterCard, JCB) for merchant payment processing, enabling both domestic and international card holders to pay at VIMO-enabled merchants.
• Major Vietnamese Electricity and Water UtilitiesminorChannel Partner/ Reseller/ DistributorVIMO enables bill payment processing for electricity bills (EVN), water bills, insurance premiums, and consumer loan repayments through its platform, acting as a bill payment aggregator.

Scale indicators3 records

Recent moves4 records

Expansion highlights3 records

Emerging players

• Payoo: Vietnamese payment aggregator and bill payment processor, with overlap on bill pay, online acquiring, and merchant integrations that closely mirror VIMO's bill payment and merchant services.
• Moca (Grab Vietnam): Grab's in-app payment wallet in Vietnam supporting cashless rides, deliveries, and merchant QR. Comparable consumer wallet and merchant acceptance mechanics, though anchored inside a ride-hailing super-app.
• 1Pay: Vietnamese online payment gateway offering cards, e-wallets, and bank transfer acceptance for merchants. Comparable payment-aggregator infrastructure play to VIMO Merchant.
• TrustPay: Vietnamese and regional payment gateway offering online card processing, alternative payment methods, and cross-border acquiring. Comparable merchant acquiring and cross-border focus to VIMO's MPOS and tourist-merchant business.
• NextPay: Vietnamese payment solution for SMEs offering QR payments, e-commerce acquiring, and POS terminals. Closely comparable SMB-focused merchant acquiring proposition to VIMO Merchant and MPOS.

Direct peers

• VNPay: Vietnam's largest domestic payment gateway, powering QR-pay, card acquiring, and bank app integrations for most Vietnamese banks. Closest analog to VIMO on the merchant/acquiring and QR-banking side.
• ZaloPay: E-wallet operated by VNG Corporation integrated with the Zalo messaging super-app; offers QR payments, bill pay, and merchant acquiring. Direct competitor to VIMO on consumer wallet and merchant acceptance in Vietnam.
• MoMo: Vietnam's largest e-wallet and payment super-app, offering QR payments, bill pay, P2P transfers, and installments. Directly comparable consumer wallet and merchant acquiring model targeting the same Vietnamese consumer and SMB base as VIMO.
• Viettel Money (VTPay): E-wallet and payment app from Vietnam's largest state-owned telco Viettel, offering transfers, bill pay, and merchant QR acceptance. Competes directly with VIMO for the same Vietnamese consumer and SMB wallet use cases.
• AirPay (Shopee Pay): E-wallet tied to Sea Group's Shopee ecosystem, offering online and in-store QR payments across Vietnam. Comparable consumer wallet and merchant payment acceptance model to VIMO.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about VIMO Technology