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MoMo vs Yape
MoMo and Yape are both payment receiving platforms. On a $1,000 payment you keep about $1,000 on MoMo and $1,000 on Yape, before withdrawal or currency-conversion costs.
Updated · from each platform’s published fees and payout terms · how we verify
Key differences
- On a $1,000 payment you keep about $1,000 on MoMo and $1,000 on Yape, before withdrawal or currency-conversion costs.
- Both pay out via Bank transfer. Only Yape offers ATM withdrawal.
- MoMo is the older platform — founded in 2014, 2 years before Yape (2016).
- MoMo is based in Vietnam, Yape in Peru.
Which should you choose?
Choose Yape if…
- You want to withdraw via ATM withdrawal.
Side by side
MoMo
Vietnam leading e-wallet where individuals and merchants receive payments by QR.
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Yape
Peru leading mobile-payment app where people receive money and pay merchants by QR.
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|---|---|---|
| Type | Payment receiving like Payoneer | Payment receiving like Payoneer |
| Category | Payments | Payments |
| Vetted | No | No |
| Work from home | No | No |
| Fees | Free P2P, 3 free bank withdrawals/month | Free P2P transfers |
| Minimum payout | — | S/5 for Yape con DNI cash withdrawals, reported by La Republica in February 2025 |
| Payout speed | — | Cash collected at an eligible BCP agent or ATM after generating a withdrawal code |
| Withdraw via | Withdrawal to linked bank account | Linked bank account, ATM withdrawal |
| Availability | Vietnam | Peru, Bolivia |
| Local to | Vietnam | Peru |
| Founded | 2014 | 2016 |
| Headquarters | Ho Chi Minh City, Vietnam | Lima, Peru |
| Popularity | 46 views · 0 likes | 41 views · 0 likes |
Frequently asked questions
Which is cheaper, MoMo or Yape?
On a $1,000 payment you keep about $1,000 on MoMo and $1,000 on Yape, before withdrawal or currency-conversion costs.
Where are MoMo and Yape available?
MoMo: Vietnam. Yape: Peru, Bolivia.