HDBank cooperates with TerraPay to speed up global remittance services

Under the agreement, HDBank will deploy remittance payment services in Vietnam through TerraPay, including over-the-counter payments, transfers and home payments. At the same time, international money transfer services from Vietnam to other countries will be carried out in real-time with competitive fees. Key markets of the initial cooperation include Japan, Korea, Singapore, China, Hong Kong, Australia, India, Europe and the US.

HDBank signed a memorandum of understanding with TerraPay.

HDBank representative said: “The cooperation marks an important step forward in HDBank's strategy to expand its remittance market share and international financial services, providing a fast, safe, and competitively priced global money transfer solution, serving the increasingly diverse remittance needs of individual customers and the Vietnamese overseas community around the world .”

Terrapay - A leading global payment service provider, headquartered in London (UK). TerraPay simplifies money transfers everywhere by providing a single connection to the largest cross-border payment network regulated in over 30 markets worldwide, supporting payments to over 140 receiving countries, over 210 sending countries, over 7.5 billion bank accounts and over 2.4 billion mobile wallets.

TerraPay representative also said that TerraPay is very pleased to cooperate with HDBank to expand convenient financial experiences for customers.

Always leading the trend of international financial services, in 2022, HDBank is one of the pioneering banks in Vietnam to successfully deploy the SWIFT Go product - a service of SWIFT (Society for Worldwide Interbank Financial Telecommunication). SWIFT Go allows financial institutions to provide payment experiences for low-value transactions (under 10,000 USD) paid by small and medium enterprises (SMEs) to overseas suppliers and individuals sending money to family abroad.

Investing in technology infrastructure, the bank is also developing many services to meet the increasingly diverse needs of domestic and foreign customers in import and export activities, such as eLC, e TT... In addition, HDBank also develops international payment activities widely with hundreds of agents which are financial institutions and many domestic and international partners.

Cooperating with TerraPay once again affirms HDBank's position in the field of international financial services. With a modern technology platform and the ability to deploy diverse cross-border payment solutions, HDBank not only fully meets the increasing international money transfer needs of individual and corporate customers, but also contributes to raising the position of Vietnamese banks on the world financial map, promoting sustainable growth and deep integration into the global remittance flow.

Source: https://vnbusiness.vn/ngan-hang/hdbank-hop-tac-cung-terrapay-tang-toc-dich-vu-kieu-hoi-toan-cau-1109729.html