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August 12, 2022
Finance Technologies

PaySend powers Vietcombank payments

PaySend, the payments firm, has signed a partnership agreement with Vietcombank Remittance Company (VCBR), the company that holds the majority of all inbound money transfers in Vietnam.

Through the deal, the firms will allow money remittances directly to any bank account, Napas card, Visa or Mastercard issued in Vietnam.

VCBR CEO, Trinh Hoai Nam, says: “Our cooperation will allow any Vietnamese residents to receive money transfers from overseas directly to their bank accounts and Napas cards without a need to visit a branch.”

Ronald Millar, CEO of Paysend, says: “There are over four million Vietnamese living outside of Vietnam supporting their friends and families back home so they will benefit from PaySend’s latest technology and the ability to send money at a fixed low price without any hidden fees or charges.”

The service is available to any registered customer via the company’s website or mobile app.

The company’s rapid growth in 2018, reaching 350,000 customers in Europe, has caused it to accelerate plans on developing a bank partner network, and it is now looking to build additional partnerships throughout Asia, Africa and Middle East regions.

PaySend powers Vietcombank payments
PaySend powers Vietcombank payments

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