MoMo Wallet had already set the goal that 2020 will be a year of significant growth

and development in the payment areas of entertainment, travel, and travel. When the
Covid-19 pandemic became a significant issue, the financial status of MoMo's
partners was severely harmed, falling from a few tens to several hundred thousand
transactions to a dramatic and uncontrollable slide.

In the entertainment industry, for instance, MoMo regularly handles millions of

transactions each month on behalf of prestigious firms like Galaxy, CGV, BHD, etc.,
but everything seems to have stopped in April 2020 as a result of the temporary
shutdown of multiple cinemas. We were unable to keep up with the situation's rapid
evolution, nor were our partners. The previously described business concept suffered a
setback. More concerning, is the ambiguity around the length of the pandemic
scenario and societal order.

During an epidemic, people frequently stay at home, which presents opportunity for
online education, entertainment, and shopping, among other things. Users have
learned the value of MoMo Wallet and online services thanks to the Covid-19
pandemic. These are the advantages the Covid-19 epidemic has brought MoMoWallet.
The Covid-19 outbreak has caused a serious problem that has altered the direction of
the global economy in general and the economy of Vietnam in particular.

For MoMo Wallet, a Fintech business that provides a payment platform and has a user
base of more than 20 million clients, the recent Covid-19 pandemic represents a
critical turning point. MoMo Wallet is distinguished by a multitude of social
initiatives and neighborhood initiatives.

The first is the effort to operate on 120 children who had facial deformities, which
garnered support from more than 5 million MoMo users.

The second initiative is called "Great Small Things," and it is a joint effort between
MoMo Pocket and the Vietnam Fatherland Front to support medical personnel who
are battling the sickness. Vi MoMo most recently collaborated with Saigon Co.op and
Tuoi Tre newspaper to carry out the "Supporting Vietnamese Agricultural Products"
project in order to help ST Xuan Hong rice and Luc Ngan litchi. Help the farmers
recover from the epidemic.

Millions of MoMo Wallet users exploited technology to advance society even during
the Covid-19 epidemic period.

In order to manage the risks and uncertainties related to politics, natural disasters, the
environment, etc., companies must learn how to employ technologies to reduce
volatility, evaluate data, and estimate risk pricing. Social responsibility is specifically
linked to the attempt to create goods and markets to suit the trend of sustainable
development.

https://momo.vn/tin-tuc/tin-tuc-su-kien/doanh-nghiep-thoi-covid19-tu-duy-moi-la-
chia-khoa-de-vuot-kho-1296