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Banking & Finance

Bao Viet Insurance teams up with MoMo

Released at: 13:08, 02/02/2018

Bao Viet Insurance teams up with MoMo

Photo: Bao Viet

Insurance products to be available on the MoMo wallet app.

by Hai Van

Bao Viet Insurance signed a contract with the MoMo - Fintech Secure e-wallet solution on February 1 to sell Bao Viet’s products on the MoMo wallet app.

The insurer becomes the first to sign a cooperation agreement to sell products on MoMo wallet, including car insurance, motorbike insurance, health insurance, cancer insurance, and travel insurance.

The solution supplies fast and convenient online purchase and payment processes with one-touch international mobile security.

The strategic cooperation with MoMo is a pioneering step by Bao Viet Insurance that not only provides a comprehensive solution for trading and cashless payments but also expresses its long-term development orientation based on information technology. Insurance technology (insurtech) is expected to become a new trend and the future of the insurance industry.

A representative from Bao Viet believes that the cooperation will create more value for the digital payment ecosystem and enhance the service experience of Vietnamese users.

Bao Viet Insurance is the oldest within the network of member companies of the Bao Viet Finance - Insurance Group and a leading insurance company in Vietnam with a history of more than 50 years. It has some 3,000 employees, 30,000 agents, 80 member companies, and 700 regional insurers in cities and provinces in the country.

The Online Mobile Service Joint Stock Company (M_Service), owner of MoMo, is a financial technology (fintech) company established in 2007. It operates primarily in the field of mobile payments with the MoMo brand.

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