FinFan, a cross-border finance neobank, today has signed TerraPay, a global payments infrastructure company to develop and deliver a real-time remittance solution to Vietnam. Via this association, FinFan extends its presence across the thriving Middle Eastern payments market.
Under the proposed association, the companies will enable a large addressable market remittance from the USA to Vietnam, money sent home to relatives, salary,... through the only API of FinFan as well as at platforms, transaction points supported by ours.
This association will enable FinFan to join TerraPay’s network, transfer cross-border payments to Vietnam easier. This will benefit the more than 5 million Vietnamese people living, studying, and working in the USA, as well as building a solid network for TerrayPay in Vietnam and then the world.
Speaking on the partnership, Ani Sane, Co-founder and Chief Business Officer, TerraPay, commented, “We are excited about our upcoming association with FinFan, in driving remittance and finance transactions across multi-platforms on FinFan in Vietnam. This paves the way to foster financial inclusion and independence for customers, by offering real-time payments, remittances, for the leading in Vietnam. Opening up interoperability for real-time payment is the next big wave in digital payments across the world. We look forward to leveraging our real-time payment rails, with FinFan’s deeply rooted and extensive merchant network in the region.”
“With the rise of cross-border real-time money movement businesses and neobank, our association with FinFan further drives this transformation to cashless societies. Seeing the number of remittances remitted every year increase, we understand more clearly our responsibilities and obligations. The cross-border payment rail will also be operated more smoothly from now on, Vietnam will be able to see firsthand the glorious future of finance at a glance, accompanied by the prosperous development of B-aaS, S-aaS (Banking as a Service; Service as a Service); what we are aiming for., ” said Rizwan Qazi, Vice President - Payments Partnership and Special Projects, TerraPay.
TerraPay’s collaboration with FinFan will play a key role in building sustainable and scalable interoperable payment options to cater to their partners’ and customers’ payment requirements.
FinFan has established itself as a global partner to leading money transfer companies, fintech enterprises, mobile wallet operators and financial institutions to facilitate digital transactions without borders. As a B2B company, FinFan partners with other businesses and helps them leverage its agile, secure, and scalable technology platform to enhance their customer proposition for remittances, payments, and cross-border spending. FinFan builds a money transfer corridor from more than 160 countries to Vietnam. Some of the company’s key markets include; MoneyGram, Ripple, Remitly, Thunes, Sacombank, VNPT Pay,...
TerraPay is a licensed digital payments infrastructure and solutions provider, paving the global payments highway. The company’s robust foundation and innovative platform technology serve as the digital interoperability engine enabling customers and businesses globally to send and receive payments on a secure, transparent, efficient, and real-time basis. The agile network supports diverse payment instruments and types of payments while adhering to complex regulations and compliance standards in different markets.
FinFan, Best Way Corporation, was established in 2007. Currently, FinFan is providing real-time payment services and international transfers. In addition, FinFan has an extensive settlement network and complete payment channels, such as: direct to account, direct to card, cash pickup ( the network is across 63 provinces), e-wallet (MoMo, WebMoney VN, Bankplus,..) home delivery.
Using the real-time remittances to Vietnam through the only API gateway connecting Ripple-FinFan is to send the best love and value to Vietnam, to family, partners, friends,...
For more information, please visit https://finfan.vn and follow @FinFan.