Ewallets have grown in popularity, and many Vietnamese people use them to pay for stuff on the Internet.
Recognizing the significance of moving money via e-wallet in Vietnam, Remitly has collaborated with FinFan to provide a simpler approach for cross-border transfers, particularly cross border remittance.
We can transfer money directly to ewallets in Vietnam with 3 steps:
Step 1: Visit Remitly’s website and create an account. After signing up, click on "Send Money", then go to "New Recipient" for creating a new transfer.
Step 2: Select "Mobile Money", and then opt from a variety of e-wallets, including MoMo, VNPay, VNPT Pay, and Zalo Pay. Please be noted that you should choose the one where the Beneficiary already has a registered e-wallet account.
Step 3: Fill out the Beneficiary's details, including Fist name, Middle name, Last name, and the phone number successfully registered as an e-wallet account by the e-wallet provider. Last but not least, to complete the transfer, enter Sender information such as Name, Address, Phone Number, and Card Information.
Remitly provides two payment methods for sending money to MoMo, VNPay, VNPTPay, and, in particular, Zalo Pay. If you pay by a debit card (Express), the transaction will be processed in real-time. If you pay with a bank account (Economy), the transfer may take 3 to 5 days to reach the recipient's e-wallet.
The fee will be charged depending on the transfer service you selected. Economy transfers are completely free. For an instant transfer, however, the Express option will be charged $1.99 per transfer.
Your first transfer fee is on us! A standard fee will apply to future transfers.
*You’ll automatically get a promotional exchange rate on your first transfer, up to 500 USD. If you send more than 500 USD in your first transfer, the standard rate of 23,058.00 VND will apply to the remainder. The exchange rate promotion only applies to the first transfer you send.
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.
Their services are known to be fast, secure, and cheap. They offer a website and mobile app that allow customers to easily transfer money around the globe via bank transfer, debit card, or credit card.*
FinFan is a Cross-Border Money Movement Platform that helps service providers expand quickly to unreached markets with a full spectrum of remittance & payment services. FinFan is the first non-bank financial company to be licensed and to operate in Vietnam. Since its founding in 2007, it has grown tremendously to become the Top 1 money transfer company in the country.
Within 13 years, FinFan has added many more services to its portfolio, including overseas money transfer, payment, pay the bill, cash-in, cash-out, and more.
For more information, please visit https://finfan.vn and follow FinFan’s LinkedIn page.