The cross-border neobank FinFan teams up with the leading payment service provider QIWI to launch a real-time remittance service to Vietnam. The agreement expands the addressable market of remittances coming from Russia and CIS to Vietnam, including money sent home to relatives, wages, and so on, via the only FinFan API platform and numerous transaction points covered by ours.
Moreover, by making this move, FinFan is enabled to join QIWI’s wide-ranging network, making cross-border payments to Vietnam more accessible. This will be beneficial for more than 150.000 Vietnamese people who are currently living, studying, and working in Russia. As a mutual benefit, the agreement aims to build a solid network for QIWI in Vietnam and across the world. This new remittance service will completely pave the way forward for sustainable and scalable interoperable payment options that cater to each other's partners' and customers’ payment requirements.
With this deal, FinFan continues to pride itself as a global partner to various leading money transfer companies, fintech enterprises, mobile wallet operators and financial institutions to facilitate digital transactions without borders. FinFan keeps on following its mission to partner with QIWI and helps in leveraging its flexible, highly secure, and scalable technology platform to enhance their customer proposition for remittances, payments, and cross-border transfers. Furthermore, FinFan is constructing a money transfer corridor from more than 160 nations to Vietnam with MoneyGram, Ripple, Remitly, Thunes, Sacombank, VNPT Pay, and others are among the company's cornerstone markets.
QIWI is a leading provider of next-generation payment and financial services in Russia and the CIS. It has an integrated proprietary network that enables payment services across online, mobile and physical channels. It has deployed over 19.7 million virtual wallets, over 117,000 kiosks and terminals, and enabled merchants and customers to accept and transfer over RUB 145 billion cash and electronic payments monthly connecting over 32 million consumers using its network at least once a month. QIWI's consumers can use cash, stored value and other electronic payment methods in order to pay for goods and services or transfer money across virtual or physical environments interchangeably.
FinFan, Best Way Corporation, established in 2007. Currently, FinFan is providing real-time payment services and cross-border 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.