How to send money from Thailand to Vietnam?
Thailand, the land of golden pagodas is a country very close to Vietnam, this is the place where nearly 500,000 Vietnamese people live and work.
So how can these Vietnamese people transfer remittances back to Vietnam? In this article, let's find out with FinFan about the above problem.
The close relationship between Thailand and Vietnam
Thailand is a country with the second largest GDP in Southeast Asia, according to the index from the end of 2021.
The close diplomatic relationship between Thailand and Vietnam has existed for over 45 years and still hold a good position in each other's hearts.
In regional and international cooperation frameworks, the two countries always strengthen close cooperation, support and support each other. A number of joint cooperation mechanisms that the two sides participate in, such as the United Nations, the Asia-Pacific Economic Cooperation (APEC), the Association of Southeast Asian Nations (ASEAN) with the formation of ASEAN Community (AC), East Asia Summit (EAS), Asia-Europe Cooperation Forum (ASEM), Greater Mekong Subregion Cooperation (GMS), East-West Economic Corridor (EWEC), etc.
How have Vietnamese people in Thailand transferred money back home?
Bank transfer is still the most widely used method.
Bank transfer from a country in the same region is always a relatively easy and convenient thing for Vietnamese in those countries (such as Singapore, Malaysia, Cambodia, etc.). Thailand is no exception, there are even some branches of Vietnamese banks in this country.
The best example is ACB, when you have a VISA card at ACB, you can transfer money directly from Thailand to Vietnam through the app of this bank by 5 steps: Transfer money -> Enter card number -> Enter amount Enter OTP -> Confirm.
Another example is Dong A Bank
Using some international transfer companies.
- Western Union
Western Union is the biggest international transfer company in the world with more than 170 years of development history. This giant of international money transfer has helped many people to cross border money transfer.
With this method, senders need to go to the nearest WU of their locations in Thailand, fill out the form, follow the instructions of the staff and receive a secret number sequence consisting of 10 characters, transfer that number to the recipient in Vietnam. To receive money, you have to go to the bank and ask the staff to guide you to receive the remittance.
MoneyGram International is a global leader in cross-border remittance and payments. Its consumer-centric goals enable family and friends to send money quickly, securely, and at reasonable prices based on a unique API platform system in over 200 countries.
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.
Faster, safer, and transparent is what should be said about this real-time money transfer service platform. Through a single API payment gateway, every transaction of the customer is processed faster and more efficiently. Besides, it also helps FinFan – MoneyGram to maintain a low cost of transactions as well as improve the customer experience.
Just like Western Union, senders need to find out the nearest branches of MoneyGram in their locations and carry out the procedures to be able to transfer money directly to a bank account in Vietnam. With API integrated by FinFan, in less than 2 business days or less.
For more information, please visit www.MoneyGram.com and follow @MoneyGram.