MoMo and Xanh SM Join Forces to Expand Green Mobility and Digital Payment Services

This collaboration aims to integrate green mobility solutions with a digital payment ecosystem, enhancing seamless, smart, and convenient experiences for users.

According to the agreement, official cooperation between MoMo and Xanh SM will commence in 2026, focusing on three key areas: platform integration, financial solution expansion, and diverse product development within the digital ecosystem.

Under this partnership, Xanh SM’s electric vehicle booking service is expected to be integrated directly into the MoMo app. This allows MoMo users to easily access and utilize green mobility services within their familiar ecosystem, simplifying booking and payment processes while reducing the need to switch between multiple apps.

In addition to the existing MoMo payment method on the Xanh SM app, both parties will introduce the Pay Later Wallet, a consumer credit solution provided by MoMo’s partner financial institutions. This “ride now, pay later” option offers flexible payment choices, empowering users to manage daily expenses more effectively and enjoy a more convenient service experience.

MoMo and Xanh SM will also collaborate to develop seamless experiences, particularly for users with multi-leg travel needs. For instance, after booking a flight on the MoMo app, users can seamlessly book Xanh SM rides for first- and last-mile connections or choose suitable airport transfer packages. Both companies are committed to launching additional incentives to promote eco-friendly mobility habits within the community.

Speaking at the event, Mr. Do Khac Cuong, Deputy CEO and Head of Payment Business at MoMo Fintech Corporation, stated: “This marks a pivotal moment as green mobility and fintech in Vietnam are deeply integrated. This partnership not only enhances user convenience but also underscores Vietnamese enterprises’ commitment to leveraging technology to address significant societal challenges, contributing to environmental protection and urban quality of life improvement.”

Representing Xanh SM, Ms. Tran Phuong Thao, Deputy CEO of Global Business and Marketing, emphasized: “MoMo is one of Vietnam’s leading digital financial platforms, deeply integrated into urban life. For Xanh SM, connecting with such digital infrastructure is part of our long-term strategy to build an open, flexible urban service platform. As Vietnamese tech platforms evolve collaboratively, the value created extends beyond convenience, shaping sustainable, humane, and people-centric future cities.”

The MoMo-Xanh SM partnership is built on shared sustainability goals and the technological capabilities of both Vietnamese tech companies, reflecting the trend of local digital platforms contributing to new urban infrastructure. Amid growing demand for electric urban services, integrating Xanh SM’s electric mobility ecosystem with MoMo’s platform—serving tens of millions of users—enables urban residents to access electric services more seamlessly through familiar digital interactions.

This integration goes beyond expanding service options or payment methods; it lays the foundation for future urban service organization and operation. By making green transportation solutions more accessible through everyday digital actions, sustainable changes in urban mobility and service usage can be fostered within the community.

About MoMo Fintech Corporation

MoMo is one of Vietnam’s four tech unicorns and a pioneering fintech corporation applying AI to drive comprehensive digital finance and national digital transformation. Its ecosystem serves over 30 million users and 500,000 businesses across 34 provinces, meeting daily financial needs—from payments, savings, investments, credit, insurance, and securities to online public services.

These contributions have earned MoMo prestigious awards, including Top 3 AI Companies in Vietnam (AI4VN 2025), Outstanding Digital Payment Solution for Pay Later Wallet (Better Choice Awards 2025), Leading Digital Wallet in Fintech (2024), and Top 50 Global Fintech by KPMG, recognizing its commitment to core technology, data, and user experience.

With over 1,000 engineers, including 200 AI and data specialists, MoMo collaborates closely with the government, banks, and businesses to develop secure, transparent, and accessible financial services across its ecosystem.

About GSM & Xanh SM:

GSM Green Smart Mobility JSC (GSM) is the world’s first company to operate multi-platform pure electric ride-hailing services. As a pioneer in sustainable transportation, GSM has established a green, smart, and responsible mobility model, exclusively using VinFast electric vehicles. Founded by Vingroup Chairman Pham Nhat Vuong, GSM is committed to developing a future-ready mobility ecosystem while inspiring eco-conscious lifestyles in countries embracing sustainability.

Green SM is GSM’s global ride-hailing brand, representing its vision and values across markets. In Southeast Asia, it operates as Green SM in Indonesia, Xanh SM in Vietnam and Laos, and Green GSM in the Philippines. Across all markets, the brand delivers refined electric mobility experiences with VinFast vehicles, professional drivers, and a focus on safety and care.

TH (Tuoitrethudo)