Latipay vs VMBanks
Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.
Latipay
Accept payments securely on your mobile device from anywhere. Supports popular payment solutions like Alipay and WeChat Pay, allowing customers to pay in their preferred method while you receive funds in NZD. Get instant confirmations and automated financial reports.
- Accept payments via QR code, links, email, or SMS
- Supports Alipay and WeChat Pay
- Receive payments in NZD
- Instant payment notifications
- Automated monthly financial reports
- Multi-currency support
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Latipay app is a simple and secure way to accept payment on your mobile phone at anytime, anywhere. Latipay empowers merchants with a full range of popular payment solutions including Alipay and WeChat Pay. Key Features: • Easily send payment request at your fingertips: No hardware required. Use Latipay APP with just a few clicks to fill out payment information and amount. Send the payment request to customers via in person QR code, share links via social media, email or SMS message. • Accept payments in multi-currencies and receive them in NZD: Latipay is a fully integrated suite with popular payment solutions. (Alipay, WeChat Pay etc) Your customers can choose their preferred payment methods to make payments and you receives in NZD in bank account. • Instant payment confirmation: Latipay App sends payment notification instantly once customer made the payment. You can setup to be notified by email, SMS or voice message reminders. • Account management: Automatically generate financial reports every month, eliminating the need to check paper bills and bank statements. Multi-wallet function also makes manage transactions much easier. • Transparent Pricing: No hidden fees, no contracts, simple tiered pricing structure, official FX rate without markups, save even more with regular promotions. About Latipay: Latipay is a VC backed company. Jim Rogers is also an early stage investor of Latipay and sit on advisory board. Latipay is New Zealand’s largest acquirer for alternative payment methods and has been recognised in the fintech and payment fields with the following accolades: • 2016 Tech Start-Up of The Year, Australian and New Zealand Internet Award Winner; • 2017 HI-TECH Start-Up, NZ HI-TECH AWARDS Winner • 2017 Winner of FinTech & Payments, SXSW - Austin, Texas USA • 2018 Wechat Partner of the Year • 2019 AliPay Excellence Award
VMBanks
A modern financial application for managing, spending, and growing your money. It offers virtual cards, digital assets, and flexible savings options all within a single platform.
- Money management
- Spending tracking
- Virtual cards
- Digital assets
- Flexible savings
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VMBanks is a modern financial app designed to help you manage, spend, and grow your money with ease. From virtual cards to digital assets and flexible savings, everything you need is in one place.
Screenshots
Verdict
The clearest difference is review sentiment: Latipay at 100% against VMBanks's 0%. VMBanks's advantage is rating (3.7 vs 3.0). On price, ratings volume, update cadence and ads there is nothing between them.
Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS
Both are free to download. Neither carries in-app purchases, so what you see is what you pay.
VMBanks holds the better App Store score, 3.7 against 3.0. Both are backed by a comparable volume of ratings — 2 and 3 respectively. Written reviews complicate that: 100% of Latipay's written reviews are positive against 0% of VMBanks's, so the app with the better star average is not the one people write more warmly about.
Latipay ships an update fortnightly, VMBanks every 3 weeks. Both last shipped on October 24, 2026.
| Parameter | Latipay | VMBanks |
|---|---|---|
| Price | Free | Free |
| Rating | 3.0 (2 ratings) | 3.7 (3 ratings) — better |
| Positive reviews | 100.0% of reviews — better | 0.0% of reviews |
| Number of ratings | 2 | 3 — better |
| Update frequency | Fortnightly — better | Every 3 weeks |
| Ads | No | No |
| In-app purchases | No | No |
| Monetization | Free | Free |
| Devices | iPhone, iPad, iPod — better | iPhone, iPod |
| Requires iOS | 12.0 — better | 13.0 |
| Further details — not scored | ||
| Size | 40 MB | 29 MB |
| Age rating | 4+ | 4+ |
| Developer | Latitude Technologies Limited | VMSHELL INC |
Customer experience
Latipay
VMBanks
In-app purchases
Latipay
No in-app purchases
VMBanks
No in-app purchases
