FinFan and PVcombank - Collaborate to make Cross-Border Remittance to Vietnam 'safer and more cost-effective

Starting from September 1, 2024, customers who wish to receive remittances can visit any branch of Vietnam Public Bank (PVcomBank) to collect their money directly at the counter, with no fees and many other attractive benefits.

The flow of remittances sent to Vietnam has been steadily increasing in recent years, reflecting a growing demand for sending and receiving money from abroad. To meet this demand, PVcomBank has partnered with leading fintech company Nhất Phương (eWAY) to implement a cash payout service at PVcomBank branches. Customers using the eWAY remittance service can perform transactions to transfer money to Vietnam, and the recipient only needs to visit the nearest PVcomBank branch to collect the funds. With a fast and simple procedure, including providing personal information, the remittance code from the sender, and filling out a cash collection request form, customers can receive their remittances completely free of charge. The maximum limit for each withdrawal transaction is up to 100 million VND or 4,000 USD.

This new service promises to offer customers an easier and more convenient remittance experience than ever before. The remittance can be sent from any country. Customers not only benefit from 100% free receipt fees but also have the flexibility to choose between USD and VND. This is one of the various transaction methods available, and collecting money directly at the counter ensures a safer, smoother, and more seamless transaction experience.

eWAY, a reputable partner in the cross-border fintech industry with over 15 years of experience in remittance, payment, and disbursement, collaborates with many multinational corporations with a global partner network, specializing in providing digital channel infrastructure services. eWAY has gained trust from partners and customers due to its advanced technology, which is consistently applied to deliver the best experiences. For PVcomBank’s cash payout service, eWAY plays a crucial role in verifying information and delivering results, with integrated API technology connecting to the transaction point system to transmit and receive information. eWAY is committed to ensuring speed, reliability, and accuracy for each withdrawal request received from customers.

A PVcomBank representative shared: “Partnering with eWAY to offer over-the-counter remittance services demonstrates PVcomBank’s commitment to diversifying its products and services for customers. It is also an opportunity for the bank to reach more customers, increase opportunities to advise, support, and introduce other PVcomBank services such as payment accounts, premium accounts, e-saving, credit, online gold purchases, and more, thereby expanding the customer base and widely promoting the bank’s brand. Additionally, this step is significant for expanding cooperation with major partners in the fintech sector, aiming for comprehensive, optimized financial solutions, and enhancing customer experiences with future projects.”

The cash payout service at PVcomBank branches is a new highlight in expanding services and meeting the increasing customer demand. With the support of eWAY, PVcomBank expects to attract a large volume of remittances to Vietnam, ensuring a safe, convenient, and completely free remittance service. Visit PVcomBank branches starting from September 1, 2024, to experience this new service!