Starting this September, Paysend users nationwide can now send remittances directly to the recipient's Viettel Money wallet in Vietnam, opening up the opportunity for remittances to Vietnam to be 'Faster - Safer - More Cost-effective' for overseas Vietnamese in Europe, North America, and Australia.

How can Remittances be sent directly to a Viettel Money Wallet in Vietnam?

The process for transferring money directly from countries in Europe, North America, and Australia to a Viettel Money wallet in Vietnam:

• Step 1: Visit Paysend’s website and create an account. After signing up, click on "Send Money Now", then go to "New Recipient" to create a new transfer.
• Step 2: Select "E-wallet", and then Viettel Money. Please note that you should choose the one where the Beneficiary already has a registered e-wallet account.
• Step 3: Fill out the Beneficiary's details, including:
  • Fist name, Middle name, Last name, and
  • the phone number successfully registered as an e-wallet account by the e-wallet provider.

Finally, to complete the transfer, enter Sender information such as Name, Address, Phone Number, and Card Information.

Aiming for the Long Term to address International Payment Issues

Enhanced Accessibility:

By integrating Paysend’s and FinFan’s technologies with Viettel Money’s extensive network, the collaboration ensures that users can access international payment services anytime, anywhere, even on mobile devices without needing an internet connection.

Increased Efficiency:

The streamlined process reduces the number of intermediaries involved, which translates to faster processing times and lower fees for users.

This efficiency is critical for individuals and businesses that need to manage cross-border transactions quickly and cost-effectively.

Improved Security:

The partnership prioritizes security, implementing robust measures to protect users' financial information and transactions.

By combining the strengths of each partner, they aim to offer a secure and trustworthy solution for international payments.

Future-Ready Solutions:

Looking ahead, the collaboration focuses on addressing future challenges in international payments.

By continuously evolving their technologies and services, they aim to stay ahead of emerging trends and regulatory changes.

About Paysend

Paysend is a UK-based fintech with over 5 million customers that allows consumers and businesses to pay and send money online anywhere, anyhow, and in any currency.

Established in April 2017, Paysend aims to transform how people manage their everyday finances.

The platform currently supports cross-network operability globally across Mastercard, Visa, China UnionPay, and local ACH and payment schemes, providing over 40 payment methods for online SMEs, and enabling customers to send money to over 150 countries worldwide.

About Viettel Money

Viettel Money is a comprehensive digital financial ecosystem with diverse funding sources and a network of hundreds of thousands of transaction/service points nationwide.

It is ready to support users in performing all transactions, including transfers, deposits, withdrawals, and online purchases quickly and easily.

Usable anytime, anywhere, on any mobile device without needing an internet connection – Viettel Money is the 'smart money' that helps people create a new way of life.

About FinFan

FinFan is a cross-border embedded financial services company that focuses on mass disbursement, fund collection, card processing, IBAN, and digital APMs solutions, which can provide valuable input and integration on and for the same.

FinFan is already integrated with almost the world's well-known MTOs, PSPs, switch, and core fintech platforms such as Money Gram, Thunes, Qiwi, Remitly, World Remit, Bancore, PaySend, Terrapay, Ria Money Transfer (Euronet), Dlocal, Ripple, TripleA, FoMo Pay, Wings, etc.

For more information, please get in touch with us through:

🌐https://finfan.io

📞(+84) 2866 85 3317

✉ support@finfan.vn

LinkedIn: [FinFan](https://www.linkedin.com/company/finfanio" \t "%5Fblank)