Vietnam Prosperity Joint Stock Commercial Bank (VPBank) and remittance platform Taptap Send have entered into a strategic partnership to expand inbound remittance services to Vietnam.
The collaboration enables individual customers in Vietnam to receive international money transfers with zero receiving fees.
Under the agreement, the partners will roll out the remittance solution to more than 30 million VPBank customers as well as individuals across the country.
The service features fast and streamlined processing alongside 24/7 support to address common cross-border payment issues such as time zone differences, processing delays during public holidays, and foreign exchange risks.
Taptap Send has previously established strategic partnerships with member banks invested in by Sumitomo Mitsui Banking Corporation (SMBC), including RCBC in the Philippines.
This collaboration marks the next phase of Taptap Send’s global expansion strategy and paves the way for future synergistic opportunities with SMBC through its invested financial institutions in other key markets, including Indonesia and India.
“Our partnership with Taptap Send marks another step forward in VPBank’s strategy to expand its international payment solutions. We believe that by collaborating with reputable partners with strong technological capabilities, VPBank will continue to better serve customers,”
said Kamijo Hiroki, Deputy Chief Executive Officer and Head of Foreign Direct Investment and Transaction Banking Division, VPBank.
“The combination of Taptap Send’s technological capabilities and VPBank’s service ecosystem will provide users with a faster, more convenient, and more reliable international money transfer experience,”
said Maxime Chaury, General Manager Southeast Asia, Taptap Send.
Remittances remain a source of capital for the economy of Vietnam.
In 2025, remittance inflows to Vietnam were estimated at approximately US$18 billion, up US$2 billion compared to 2024.
VPBank noted that the expanded channels place the bank in a position to capture a greater share of these capital flows, serve customer needs, and contribute to channelling overseas resources into domestic economic development.
Featured image credit: Edited by Fintech News Singapore, based on image by Taptap Send
