VIB cooperates with Flywire to provide convenient international payment solutions for Vietnamese people

Vietnam International Bank (VIB ) has officially partnered with Flywire (Nasdaq: FLYW), a leading global software and payment solutions company based in Boston, USA, to provide convenient and cost-effective payment solutions for Vietnamese students studying abroad .

Accordingly, with a network of over 4,000 global partners.   Flywire's solution enables international students and their families to pay international education- related fees entirely online and in Vietnamese Dong.

With just a few simple steps on a secure online platform, VIB and Flywire's solution helps customers optimize their international payment experience. Customers can complete transactions without having to go to the bank or incur any additional fees. Through VIB, customers can make payments to thousands of Flywire partners, including educational institutions and travel companies worldwide .

Mr. Ho Van Long, Deputy General Director and Director of Retail Banking at VIB, shared: "With the vision of becoming the most innovative and customer-oriented bank in Vietnam, VIB always focuses on providing a comprehensive and superior product suite along with personalized and innovative service solutions for customers. With this collaboration with Flywire, VIB has combined the cutting-edge technology of a leading global fintech partner to digitize 100% of its international payment services, providing a seamless, fast, and convenient experience for customers."

" We are delighted to partner with VIB to combine their comprehensive banking network and Flywire's payment technology with the goal of transforming the way international payments are made for students and travelers, " said Mohit Kansal, Senior Vice President of Global Payment Services, Flywire. " Vietnam is an important market for Flywire and we are committed to enhancing our services for users while strengthening our presence in the region."

Benefits of making international payments via VIB and Flywire

Simple payment in VND : Customers only need to transfer VND to Flywire's account at VIB, instead of having to buy foreign currency in the usual way.

Convenient online payment : Customers do not need to go to the bank; instead, they simply perform the following simple steps on the online platform as instructed by Flywire and transfer the correct amount in VND to Flywire's account at VIB to complete the payment. To check the transaction status, customers can proactively check 24/7 on Flywire's online platform.

No transaction fees : With regular international money transfers, customers are charged a minimum of $10 in transfer fees and $25 in international fees per transaction. With payment methods via VIB and Flywire, customers will not incur any fees.

Extensive global partner network: Flywire is supported by a network of global, regional, and local banking partners, providing customers with access to a unique suite of payment methods, enabling receiving and paying in over 240 countries and territories in more than 140 currencies.

About Flyband

Flywire (Nasdaq: FLYW) is a global payment software and solutions company. The company combines a proprietary global payment network, next-generation payment platform, and industry-specific software to deliver critical and sophisticated payment solutions to its partners and customers.

Flywire leverages industry-specific software and payment technologies to integrate deeply into partners' existing A/R processes across education, healthcare, and travel, as well as key B2B industries. Flywire also integrates with leading ERP systems such as NetSuite, helping organizations optimize customer payment experiences and eliminate operational challenges.

Flywire currently supports over 4,000 partners with diverse payment methods in more than 140 currencies across over 240 countries and territories worldwide. The company is headquartered in Boston, MA, USA, and has offices globally.

Source: https://thanhnien.vn/vib-hop-tac-flywire-cung-provide-convenient-international-payment-solutions-for-vietnamese-people-185241113205128517.htm