Vietnam's share of cash in POS declined by more than 50 percentage points since COVID-19, as consumers used credit cards and wallets. Payments in the Asian country seemed to be digitalizing rapidly, with the number of users of mobile wallet MoMo predicted to grow by over 200 percent between 2020 and 2025. Indeed, Statista estimates that Vietnam in 2021 already was one of the world's major countries for mobile POS payments.
Market share of cash, credit cards, and other payment methods at point of sale (POS) in Vietnam from 2017 to 2024, with a forecast for 2030
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Market share of cash, credit cards, and other payment methods at point of sale (POS) in Vietnam from 2017 to 2024, with a forecast for 2030
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* The source changed its categories in 2021 and 2024, see the "Details" tab for more information.
Supplementary notes
In 2022, the source stated it made two changes to the categories used in previous years. These include a combination of "credit cards" with "charge/deferred debit cards" and the split of BNPL from "POS financing" (which itself was added as a new category in 2020). The latter change was made to atone for the "growing importance of BNPL". This seems to have been reverted in 2023 - for the year 2022.
In 2024, the "debit card" and "prepaid card" categories were combined into a single category called "Debit and Prepaid Cards".
The figures have been taken from several publications. No figures were available for 2018 as the source did not release any reports that year.
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Raynor de Best
Content expert covering payments and (crypto)currencies
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Worldpay. (March 7, 2025). Market share of cash, credit cards, and other payment methods at point of sale (POS) in Vietnam from 2017 to 2024, with a forecast for 2030 [Graph]. In Statista. Retrieved April 27, 2025, from https://www.statista.com/statistics/1296921/preferred-payment-methods-vietnam/
Worldpay. "Market share of cash, credit cards, and other payment methods at point of sale (POS) in Vietnam from 2017 to 2024, with a forecast for 2030." Chart. March 7, 2025. Statista. Accessed April 27, 2025. https://www.statista.com/statistics/1296921/preferred-payment-methods-vietnam/
Worldpay. (2025). Market share of cash, credit cards, and other payment methods at point of sale (POS) in Vietnam from 2017 to 2024, with a forecast for 2030. Statista. Statista Inc.. Accessed: April 27, 2025. https://www.statista.com/statistics/1296921/preferred-payment-methods-vietnam/
Worldpay. "Market Share of Cash, Credit Cards, and Other Payment Methods at Point of Sale (Pos) in Vietnam from 2017 to 2024, with a Forecast for 2030." Statista, Statista Inc., 7 Mar 2025, https://www.statista.com/statistics/1296921/preferred-payment-methods-vietnam/
Worldpay, Market share of cash, credit cards, and other payment methods at point of sale (POS) in Vietnam from 2017 to 2024, with a forecast for 2030 Statista, https://www.statista.com/statistics/1296921/preferred-payment-methods-vietnam/ (last visited April 27, 2025)
Market share of cash, credit cards, and other payment methods at point of sale (POS) in Vietnam from 2017 to 2024, with a forecast for 2030 [Graph], Worldpay, March 7, 2025. [Online]. Available: https://www.statista.com/statistics/1296921/preferred-payment-methods-vietnam/
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