Momo

Card payments no longer the default choice for consumers - new research from Boku reveals

Retrieved on: 
Wednesday, March 27, 2024
Technology, Mobile, Wireless, Retail, Other Professional Services, Finance, Banking, Online Retail, Professional Services, Payments, Other Technology, Other Retail, Software, Networks, Fintech, BNPL, Growth, PIX, UPI, WeChat, Motion, CoDi, Love, Traction, Research report, Multimedia, IDEAL, Momo, Online shopping

The report reveals a continued decline in the market share of traditional card payments and a significant increase in the use of local payment methods for ecommerce purchases across the globe.

Key Points: 
  • The report reveals a continued decline in the market share of traditional card payments and a significant increase in the use of local payment methods for ecommerce purchases across the globe.
  • The findings highlight significant and rapid consumer shifts in ecommerce payments away from the traditional card networks (and in emerging economies cash on delivery) towards local payment methods such as digital wallets.
  • Card values will decline to 19% of transaction value by 2028 (down from 31% in 2023).
  • While card payments will continue to account for a significant amount of payments - around a third of ecommerce payments by volume by 2028 - local payment methods are fast gaining traction, winning market share from card payments.

Apple CEO visits Hello Group Inc. and is impressed with inSpaze on Apple Vision Pro

Retrieved on: 
Tuesday, March 26, 2024
Senior, Momo, Apple, IPhone, Mobile phone

BEIJING, March 26, 2024 /PRNewswire/ -- Mr. Cook, visited the headquarters of Hello Group Inc. ("Hello Group" or the "Company") on March 23, 2024, where Jia Wei, Senior Vice President of the Company, and Yi Ming, the head of inSpaze project, introduced Hello Group and its innovative social app 'inSpaze' on Apple Vision Pro.

Key Points: 
  • BEIJING, March 26, 2024 /PRNewswire/ -- Mr. Cook, visited the headquarters of Hello Group Inc. ("Hello Group" or the "Company") on March 23, 2024, where Jia Wei, Senior Vice President of the Company, and Yi Ming, the head of inSpaze project, introduced Hello Group and its innovative social app 'inSpaze' on Apple Vision Pro.
  • Mr. Cook commented that spatial computing has brought about new opportunities and the immersive social experience of inSpaze is truly impressive under the spatial computing power of Apple Vision Pro.
  • As the first spatial social app on Apple Vision Pro, inSpaze aims to recreate reality in the virtual world.
  • In February of this year when Apple Vision Pro was released in North America, Hello Group simultaneously launched the immersive spatial social app inSpaze specially designed for Apple Vision Pro based on visionOS.

Mastercard and MTN Group Fintech Partner to Drive Acceleration of Mobile Money Ecosystem in Africa Across 13 Markets

Retrieved on: 
Wednesday, February 28, 2024
Banking, Technology, Professional Services, Payments, Small Business, Digital Cash Management, Digital Assets, Telecommunications, Networks, Fintech, Mobile, Wireless, Finance, Congo, EEMEA, Multimedia, Small business, Momo, Growth, Mastercard, SME, GDP, Market development, Republic, QR, Trust, MTN, Mobile Money, Partnership, Cryptocurrency

This follows Mastercard and MTN’s recent agreement for a minority investment into MTN Group Fintech - the digital financial services arm of Africa’s largest mobile network operator – that concluded this month.

Key Points: 
  • This follows Mastercard and MTN’s recent agreement for a minority investment into MTN Group Fintech - the digital financial services arm of Africa’s largest mobile network operator – that concluded this month.
  • We are very proud of our partnership with MTN that will enable digital commerce for millions of people in Africa.
  • Through the partnership, consumers will now have expanded reach for mobile money remittance services – both inward and cross-border remittances in Africa.
  • The company has pledged to bring 1 billion people and 50 million SMEs into the global digital economy by 2025.

Vietnam Buy Now Pay Later Business Report 2024: $11.27 Billion Investment Opportunities by 2029 - Rising Consumption and Low Credit Card Penetration Driving BNPL Adoption

Retrieved on: 
Wednesday, February 28, 2024
BNPL, Business model, Cosmetics, Partnership, Momo, Growth, Atome, Product analysis, Travel, Online shopping

The BNPL gross merchandise value in the country will increase from US$2.34 billion in 2023 to reach US$11.27 billion by 2029.

Key Points: 
  • The BNPL gross merchandise value in the country will increase from US$2.34 billion in 2023 to reach US$11.27 billion by 2029.
  • The buy now pay later market is thriving in Vietnam and the trend is projected to continue further in 2024.
  • The rising consumption, coupled with low credit card penetration, is aiding the growth of the industry in Vietnam.
  • Vietnam BNPL Market Size and Spending Pattern, 2020-2029
    Vietnam Buy Now Pay Later Revenue Analysis, 2020-2029
    Vietnam Buy Now Pay Later Operational KPIs & Statistics, 2020-2029
    Vietnam BNPL by Business Model, 2020-2029
    Vietnam BNPL by Merchant Ecosystem, 2020-2029
    Vietnam BNPL by Distribution Model Analysis, 2020-2029

Vietnam Buy Now Pay Later Business and Investment Opportunity Report 2024: BNPL Payments to Grow by 41.8% this Year - Firms are Forging Strategic Alliances to Widen Distribution - ResearchAndMarkets.com

Retrieved on: 
Friday, February 9, 2024
Other Retail, Payments, Finance, Professional Services, Technology, Electronic Commerce, Online Retail, Retail, Product analysis, Momo, Atome, Partnership, Growth, Business model, Travel, Cosmetics, Forecasting

This report provides a detailed data-centric analysis of the Buy Now Pay Later (BNPL) industry, covering market opportunities and risks across a range of retail categories.

Key Points: 
  • This report provides a detailed data-centric analysis of the Buy Now Pay Later (BNPL) industry, covering market opportunities and risks across a range of retail categories.
  • BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 27.6% during 2024-2029.
  • The buy now pay later market is thriving in Vietnam and the trend is projected to continue further in 2024.
  • Develop proactive and lucrative business strategies through market intelligence and forward-looking analysis of BNPL market spend and major opportunities in Vietnam.

MoMo maintains PCI DSS Validation since 2016 with Crossbow Labs

Retrieved on: 
Wednesday, December 27, 2023
Professional Services, Online Privacy, Security, Apps, Applications, Technology, Fintech, QSA, Partnership, Momo, Certification, PCI, PCI DSS, Payment card

MoMo stands among the pioneering entities to become PCI DSS v4.0 validated in Vietnam.

Key Points: 
  • MoMo stands among the pioneering entities to become PCI DSS v4.0 validated in Vietnam.
  • The certificate was awarded by Crossbow Labs, a PCI QSA company and a GEAR Committee member with PCI SSC, an international council which defines these stringent standards.
  • MoMo deeply thanks Crossbow, a crucial partner since 2016, whose collaboration was pivotal in achieving certification.
  • MoMo, cognizant of the paramount importance of securing their infrastructure for their clientele, demonstrated unwavering commitment by consistently upholding PCI-DSS requirements annually since 2016, with Crossbow Labs.

US-ASEAN Business Council Appoints Jeffrey Perlman as new Chairman

Retrieved on: 
Friday, December 8, 2023
ASEAN, US-ASEAN Business Council, University, Senior, Investment, Warburg, Ross School, Momo, Council, The Business Council, Business administration, Credit Suisse, Warburg Pincus, Ross School of Business, Our Boarding House, BBA, Business, Real estate investing, Management

WASHINGTON, Dec. 8, 2023 /PRNewswire/ -- The US-ASEAN Business Council is pleased to announce the election of Jeffrey Perlman, President of Warburg Pincus, as the 13th Chairman of the Board of Directors.

Key Points: 
  • WASHINGTON, Dec. 8, 2023 /PRNewswire/ -- The US-ASEAN Business Council is pleased to announce the election of Jeffrey Perlman, President of Warburg Pincus, as the 13th Chairman of the Board of Directors.
  • In his capacity as Chairman, Mr. Perlman will lead Board oversight of the Council, which works to create trade and investment opportunities in the economies of the Association of Southeast Asian Nations for over 175 member companies of the Council.
  • Upon assuming his position as Chairman, Mr. Perlman said, "I am honored to be named Chairman of the Board for the US-ASEAN Business Council.
  • He received a bachelor's degree in Business Administration (BBA) from the Ross School of Business at the University of Michigan.

Hello Group Inc. Announces Unaudited Financial Results for the Third Quarter of 2023

Retrieved on: 
Friday, December 8, 2023
Tiffany Tang, Bank statement, Investment, Share repurchase, PIN, ADS, Ecosystem, Marketing, H.10, Active users, GAAP, Translation, Table, MOMO, Video game, Beauty salon, Security (finance), Cryptocurrency, Bank, Internet service provider, Tan-Tan, Momo, Renminbi

BEIJING, Dec. 8, 2023 /PRNewswire/ -- Hello Group Inc. (NASDAQ: MOMO) ("Hello Group" or the "Company"), a leading mobile social and entertainment platform in China, today announced its unaudited financial results for the third quarter of 2023.

Key Points: 
  • BEIJING, Dec. 8, 2023 /PRNewswire/ -- Hello Group Inc. (NASDAQ: MOMO) ("Hello Group" or the "Company"), a leading mobile social and entertainment platform in China, today announced its unaudited financial results for the third quarter of 2023.
  • Net income attributable to Hello Group Inc. increased to RMB546.4 million (US$74.9 million) in the third quarter of 2023, from RMB450.8 million in the same period of 2022.
  • "We are pleased to report strong financial results for the third quarter and steady progress on various strategic priorities across all business lines.
  • Net income attributable to Hello Group Inc.
    Net income attributable to Hello Group Inc. was RMB546.4 million (US$74.9 million) in the third quarter of 2023, compared to RMB450.8 million during the same period of 2022.

It's now just a snap for MoMo users to pay on Grab app

Retrieved on: 
Wednesday, November 1, 2023
Grab, Insurance, Momo, VND, Ecosystem, Partnership, Somatosensory system, Travel, Online shopping

MoMo users who wish to make payments on the Grab app can easily access and manage their funds from various sources available on the MoMo app.

Key Points: 
  • MoMo users who wish to make payments on the Grab app can easily access and manage their funds from various sources available on the MoMo app.
  • This includes MoMo e-wallet, linked bank accounts and MoMo Pay Later - a pioneering product in the local market that aligns with the global trend of 'Buy Now Pay Later'.
  • Using just a certain convenient app, MoMo users can perform One Touch Payment to fulfill almost all everyday needs anytime and anywhere.
  • To celebrate the launch of MoMo as a payment option on the Grab app, early adopters who choose MoMo for payments will receive special benefits worth up to VND 100,000.

Warburg Pincus Announces that Jeffrey Perlman will become President

Retrieved on: 
Wednesday, July 19, 2023
Warburg Pincus, Culture, Head, History, Risk, Senior, Momo, Environment, Management

NEW YORK, July 19, 2023 /PRNewswire/ -- Warburg Pincus, a leading global growth investor, announced today that Jeffrey Perlman, current Head of Southeast Asia and Asia-Pacific Real Estate, will become President of the firm. Timothy Geithner, current President of the firm, will become Chairman, while Chip Kaye will remain CEO.

Key Points: 
  • NEW YORK, July 19, 2023 /PRNewswire/ -- Warburg Pincus, a leading global growth investor, announced today that Jeffrey Perlman, current Head of Southeast Asia and Asia-Pacific Real Estate, will become President of the firm.
  • Tim and I look forward to working closely with Jeff and our senior management team as we shape the next chapter in Warburg Pincus' history."
  • Jeffrey Perlman joined Warburg Pincus 17 years ago and serves as Head of Southeast Asia and Asia-Pacific Real Estate.
  • He has been a member of the firm's Executive Management group at Warburg Pincus since 2018.