Sending money to Vietnam from India – 3 ways to take remittance to Vietnam from India

India, a country that is considered the cradle of technology, produces a lot of tech talents who have been working for big companies in the world such as Google, Apple, etc., where formed Java programming language and some other technological advances.

Can immigrants' money transfers to Vietnam take advantage of the nation's advanced technology to have the most cost-effective methods of sending money home? Learn how these immigrants from India can use FinFan to send money to Vietnam.

3 ways to take remittance to Vietnam from India

Asking friends or relatives to bring your money to Vietnam.

Asking friends or relatives to transfer money to their households is one of the very popular ways for Vietnamese immigrants not only in India but all over the world.

According to the regulations, a person in India, when they want to bring money to Vietnam, they can only bring up to 5000 USD.

Therefore, if you want to send more than 5000 USD to Vietnam, you can think of the following ways to apply modern technologies to transfer money to Vietnam.

Transfer money from India to Vietnam via MoneyGram (FinFan’s partner).

MoneyGram is a brand that is no longer strange to people around the world when they want to transfer money globally. There are 2 ways to transfer money from India to Vietnam with MoneyGram:

Transfer money from India straight to Vietnamese bank accounts or e-wallet accounts via MoneyGram

Senders can choose 1 transaction location of MoneyGram in India and then send the amount they need to transfer back to Vietnam to this company.

After that, the senders need to fill in the recipient's information (including the bank accounts with other necessary contact information such as the recipients' full names, addresses, phone numbers and some other information).

Finally, you give the completed form to the company and complete the money transfer procedure. Remember to keep the receipt and text the recipient the 8 reference numbers so they can go to the banks, read the number out and get the money or the money will go straight to their bank accounts.

Faster, safer, and cost-effective is what should be said about this real-time money transfer service platform. Through a single API payment gateway, every transaction of the customer is processed faster and more efficiently. Besides, it also helps FinFan-MoneyGram maintain a low cost of transactions as well as improve the customer experience.

With the support of the FinFan's Ewallet Aggregator product, senders can send money from the India directly to popular e-wallet accounts in Vietnam, such as MoMo, ZaloPay, VNPay, etc., in just three simple steps.

If the recipient does not have an e-wallet account, the sender can choose the cash-pickup method at a bank or send the money directly to the recipient's bank account in Vietnam (if the recipient has a bank account).

Transfer money from India straight to Vietnam via MoneyGram’s branches

Senders can choose 1 transaction location of MoneyGram in India and then send the amount they need to transfer back to Vietnam to this company.

After that, the senders need to fill in the recipient's information (the recipients' full names, addresses, phone numbers and some other information).

Finally, you give the completed form to the company and complete the money transfer procedure. Remember to keep the receipt and text the recipient the 8 reference numbers so they can go to the MoneyGram’s branches, read the numbers out, and get the money.

Transfer money from India to Vietnam via Instant Cash (FinFan’s partner)

Since August 2024, Instant Cash has officially partnered with FinFan to provide a solution for remittances from India to Vietnam that is 'Faster - Safer - More Cost-Effective.' This collaboration caters to the needs of Vietnamese or Indians living and working in India who wish to send remittances back to Vietnam.

Accordingly, the money transfer process will proceed in the following three steps:

• Step 1: The sender visits the nearest Instant Cash branch in India (bringing along necessary documents such as a citizen ID card, etc.), and then fills out the money transfer form to send money to Vietnam. Details about money transfer locations in India can be found here.

• Step 2: While filling out the form, the sender provides complete details of the recipient in Vietnam, including their full name and phone number. Then, the sender selects one of the three available methods for the recipient to receive the money in Vietnam:

  • cash pickup at a counter,
  • direct deposit into a bank account,
  • or direct transfer to the recipient's e-wallet in Vietnam.

If the sender chooses to transfer the money to the recipient's bank account or e-wallet, they must also provide the recipient's bank account number or e-wallet details in the designated field.

• Step 3: The money is transferred to the recipient’s bank account or e-wallet in Vietnam. If the sender chooses the "Cash pickup at a counter" option, they need to provide the money transfer code given by Instant Cash to the recipient, who will then use it to collect the money at the counter.

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

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