How to send money from Norway to Vietnam?
How to send money from Norway to Vietnam is the top question of more than 27.000 Vietnamese people who are living, studying and working in this nation.
The Kingdom of Norway is a sovereign country located on the Scandinavian peninsula in Northern Europe, which is fairly easy to find on a map.
Is that difficult to take remittances from Norway to Vietnam? Let’s find out with FinFan
The traditional way to send money from Norway to Vietnam
Using post or express delivery to send money from Norway to Vietnam
Remittance to Vietnam by post or express delivery is often the most Vietnamese people from abroad used way, and Norway is no exception among them.
The disadvantage of this way is that it will cost a lot of money and take a long time to be successfully transferred to the recipient in Vietnam (maybe more than 7 days).
Using some international money transfer companies to send money from Norway to Vietnam
Western Union
Western Union is the most well-known international money transfer company. This company has been developing for over 135 years and providing an international money transfer service at about 510,000 locations in 200 countries and Norway is one of these.
To make a money transfer by Western Union from Norway to Vietnam, we need to follow these steps:
- Search for addresses near your location in Norway and go to Western Union point of sale.
- Receive the “Information form” from the staff and complete it as required.
- Check the information once and give it to the moderator.
- Payment includes money to be transferred and fees.
- Receive a receipt from the staff and check the information on the slip (recipient information, amount, receipt code).
- Inform the recipient about the completed transaction and the information to receive the money.
After finishing the money transfer procedure, within 2-3 working days the last recipient can receive the money sent by the sender.
MoneyGram (FinFan’s partner)
Like Western Union, MoneyGram is a global company dealing with cross-border money transfers. MoneyGram utilizes a large-scale, modern technology platform to serve millions of people worldwide each year.
Collaboration with major fintech companies around the world also makes MoneyGram a leading fintech company.
With a strong culture of innovation and a relentless focus on utilizing technology to deliver the world's best customer experience, MoneyGram is leading the evolution of cross-border payment platforms.
In addition, with the cooperation between FinFan and MoneyGram, senders now can send money directly to the bank accounts of recipients and they don’t need to go directly to MoneyGram’s points of sale to receive remittances anymore.
How fintech can help the remittance from Norway to Vietnam faster and more convenient?
Fintech companies are developing so fast and bring much value to the customers. Nowadays, customers can only by 3 steps to send money online from Norway to Vietnam. Here are some ways to make remittances faster and more convenient by using some fintech solutions.
Remitly (FinFan’s partner)
Remitly is an online money transfer service that operates in the United States, Canada, and the U.K.
The company was founded by Matt Oppenheimer in 2010 with the name Beamlt Mobile. After the company moved from Idaho to Seattle, it was renamed Remitly.
Remitly's mission is to help millions of people who must bravely leave their homeland to earn a living in a faraway country and regularly send money back home to their loved ones.
Vietnamese people in Norway are also one of them when they may be working in Norway to regularly transfer remittances back home to their families.
Currently, Vietnamese people just need to pick up the phone and operate a few steps to be able to make money transfer orders to Vietnam easily via Visa card and can transfer directly to the final recipients’ bank or e-wallets.
Customers now can go to the website of Remitly to follow 3 steps and complete the money transfer to Vietnam.
Paysend (FinFan’s partner)
Just like Remitly, Paysend is also an online money transfer service, which was founded in the UK and has helped over 6 million immigrants in more than 170 countries around the world to make remittances back to their hometowns.
Vietnamese immigrants in Poland can use this website or app with a few simple steps to send money back to their loved ones. Just like Remitly, the money will go directly to their relatives’ bank accounts or e-wallets.
In short, transferring money from Nordic countries like Norway to Vietnam has become easier and more convenient thanks to the development of technology. However, remittances to Vietnam still have to rely on traditional methods because the senders and recipients of remittances are often elderly and have limited technological knowledge.