Cooperating with CVS, "unicorn" MoMo officially launches securities products

By integrating CVS securities products right on the super app, MoMo continues to perfect the financial - investment ecosystem, promoting comprehensive finance.

It is expected that in the near future, through MoMo wallet, CVS will provide margin lending services to buy securities.

Securities products provided by CV Securities Joint Stock Company (abbreviated as CVS) through MoMo wallet have been officially launched. Right on MoMo wallet, users can open a securities account completely online, get acquainted with buying and selling, and trading securities with a very small initial capital, from only 1 share. Users can choose a variety of money sources to deposit/withdraw from MoMo wallet or linked banks, in which the feature of automatically depositing money from MoMo wallet to CVS securities account when placing a securities purchase order helps users' experience smoother.

In the initial phase, users can buy securities with their own money. In the near future, CVS is expected to provide margin lending services to buy securities through MoMo wallet, helping users expand their scale and diversify their investment tastes.

The most outstanding feature of the securities product on MoMo is the automatic splitting of round lot orders for users. Thanks to that, users can flexibly buy the number of stocks according to their needs without having to calculate even and odd lots or split orders, helping to experience seamless securities trading.

With its technological strengths, the MoMo wallet platform makes buying and selling, trading securities fast, convenient with just a few touches and secure. The friendly, intuitive interface of the Securities mini app on the MoMo wallet helps users quickly get acquainted with the buying and selling features, track market fluctuations and manage investment portfolios effectively. Right on the platform, users can track market indexes, lists of stocks with the largest value, the strongest price increase or the most traded by users, ... thereby making accurate investment decisions. Stocks are also classified in the "Featured nominations" category according to the level of excitement and interest from users.

In addition, investors can also refer to and continuously update information and knowledge about stocks, ... provided by a reputable and knowledgeable team of market experts. MoMo Wallet also builds a dynamic community to open up opportunities for quick and timely exchange and sharing of information about stocks among users, encouraging smart and responsible investment behavior.

“With a convenient user experience, the securities product will attract more new users, increase the number of individual investors participating in the market and increase trading volume, contributing to promoting the development of the Vietnamese stock market,” emphasized a representative of Online Mobile Services Joint Stock Company (M-service).

MoMo's Finance - Investment ecosystem currently has a variety of products suitable for users' investment and financial management needs such as postpaid wallet, online savings, fund certificates, opening credit cards, insurance, loan payments, installment payments for Apple products, receiving international money,...

In recent years, MoMo wallet has been known as an accessible financial platform, helping to connect customers with many products and services of banks and financial institutions. With the securities products provided by CVS through MoMo wallet, users can get acquainted with investing from small amounts of money, even if they have no investment experience. In addition to being able to open an online savings account from only 500,000 VND, buy fund certificates from only 10,000 VND, users can now trade securities from 1 share.

This is MoMo wallet's effort to create equality in access to financial products for Vietnamese users, improve financial literacy and investment products, and familiarize them with investment trends. The connection brings diverse financial products to users, while meeting many other needs such as payment, shopping, entertainment, watching movies, traveling, dining, e-commerce, telecommunications, insurance, public services, volunteering, etc., also affirming the position of Super App with an increasingly expanding ecosystem.

Previously, in early June 2020, Online Mobile Services Joint Stock Company (M-service) purchased more than 4.4 million shares, equivalent to 49% of the capital of CV Securities Company (CVS). Recently, CVS has just completed increasing its charter capital through offering shares to existing shareholders. The charter capital after issuance is currently VND 456.75 billion. M-service continues to be the largest shareholder, owning 49% of the charter capital.

Source: https://baodautu.vn/hop-tac-voi-cvs-ky-lan-momo-chinh-thuc-ra-mat-san-pham-chung-khoan-d216136.html