FinFan - MSB: Opportunities for Digitalizing Vietnam's Remittance Sector

On December 20, 2024, FinFan signed a comprehensive partnership agreement with the Vietnam Maritime Commercial Joint Stock Bank (MSB) to digitalize cross-border payment solutions for individuals and businesses in Vietnam.

Comprehensive Partnership to Digitalize Cross-Border Payment Solutions

Through the memorandum of understanding, MSB and FinFan committed to providing payment solutions, infrastructure, and services to their partners and customers. Both parties aim to introduce their digital products and services to those in need.

They pledged to collaborate on offering comprehensive channels and solutions for receiving and disbursing foreign currencies, supporting individuals and organizations domestically and internationally. This initiative aims to boost trade and foreign exchange transactions between Vietnam and other countries.

MSB and FinFan will continue to develop flexible, multi-channel monetary solutions using advanced financial technologies.

With deep expertise in international payment markets and extensive product deployment experience, representatives of MSB and FinFan committed to building streamlined cross-border payment flows into Vietnam.

This partnership forms a solid foundation for individuals and businesses to expand their trade while adhering to legal regulations.

Expanding Collaboration for Customer Convenience

This agreement seeks to broaden collaboration and offer more convenient solutions for customers. MSB and FinFan are fostering a strong partnership and achieving milestones through services like special accounts, foreign exchange transactions, and automated disbursement APIs.

During the event, MSB highly valued FinFan’s position as a provider of international payment solutions for individuals and businesses.

With annual transaction values reaching hundreds of millions of USD, MSB believes FinFan’s modern technology and professional team will significantly enhance remittance services.

MSB's Perspective on FinFan

MSB recognized FinFan’s leadership in international payment solutions. Their collaboration not only expands business opportunities but also helps enterprises easily access financial solutions.

About MSB

Founded in 1991, MSB operates over 260 branches nationwide and collaborates with more than 500 banks across 60 countries. The bank serves 5.4 million individual customers and nearly 100,000 businesses.

CEO of FinFan on the Partnership

“For over 10 years, FinFan has played a pivotal role in supporting overseas Vietnamese with optimal methods for remitting funds to Vietnam.

By partnering with international remittance providers like Thunes, Remitly, Ria Money Transfer, Sendwave, and domestic banks and e-wallet partners, FinFan has built an integrated payment ecosystem.

This partnership with MSB will further expand that ecosystem, providing small and medium enterprises in Vietnam with faster, safer, and more cost-effective cross-border payment solutions.”

About FinFan

FinFan is a cross-border embedded financial services company specializing in bulk disbursement, fund collection, card processing, IBAN, and APM digital solutions. It integrates seamlessly with global MTOs, PSPs, fintech platforms, and switches, including MoneyGram, Thunes, Qiwi, Remitly, WorldRemit, Bancore, PaySend, Terrapay, Ria Money Transfer, and many more.

For more information, please contact us via:
🌐https://finfan.io
📞 (+84) 2866 85 3317
✉ support@finfan.vn
LinkedIn: FinFan