FinFan Vietnam becomes partner with BIDV on remittance service

Remittance meaning in Vietnam is extremely great when the number of this remittance payment service poured into Vietnam was 16.7 billion USD in 2019. More difficult, remittance services through banks have not been operated smoothly and need more development invested in technology. This moment, FinFan becomes a partner of BIDV bank.

1 - FinFan becomes partner with BIDV on remittance service.

As customer demand grows, remittance service companies like FinFan need to expand and invest more and more. In order to attract more clients, money transfer firm FinFan has expanded its network of remittance pick-up centers by building partnership with Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), the longest established financial institution with the most valuable brand in Vietnam.

This agreement allows the beneficiaries of FinFan's overseas Vietnamese clients to claim remittances from BIDV  branches nationwide.

2 - Cooperation with BIDV remittance payments services.

BIDV, with an extensive branch network in the country, is regarded as one of the top banks in the banking system of Vietnam that offers modern, convenient and international standard banking and financial products and services.

BIDV has been recognized and awarded by many international and major financial institutions for its outstanding business performance. The bank is listed in the Top 500 world’s most valuable banking brands (by Brand Finance), named “Best Retail Bank in Vietnam” for the fourth consecutive year (by The Asian Banker) and received a series of IT awards. Since 2009, BIDV has ranked first amongst Vietnamese commercial banks in terms of readiness for IT application and development in the Vietnam ICT Index of Vietnam Ministry of Information and Communications and Vietnam Association for Information Processing.

Remittance payments services are becoming more competitive. Given this reality, we are forced to continuously improve to satisfy our customers. Being a strategic partner with BIDV will help us achieve higher levels of customer satisfaction by providing additional channels for remittance pick-up”, the representative of FinFan said.

Currently, FinFan and partners have successfully deployed remittance services from over 160 countries in regions such as Europe, the Americas, the Middle East, Western Asia, and Australia.

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