TPBank has partnered with TerraPay to expand outbound cross-border payments from Vietnam.
The partnership will connect TPBank customers to TerraPay’s payment network, which supports bank account and digital wallet payouts across more than 156 countries and territories.
TPBank will use its existing Swift connectivity to access the network.
This will allow the bank to broaden its international payment services without establishing separate bilateral arrangements in each market.
Customers will continue making payments through TPBank while gaining access to more international payout options.
The service is aimed at individuals and businesses sending money overseas.
Nguyen Viet Anh, Deputy CEO in Charge of Strategy and Banking Governance at TPBank, said,
“Partnering with TerraPay empowers us to rapidly expand our international payment offerings without the burden of multiple bilateral relationships or heavy technology investment.
It’s a strategic move that reinforces our commitment to a digital-first banking experience for our customers.”
Ani Sane, Co-Founder and Chief Business Officer, TerraPay, said,
“Digitally-led banks like TPBank are redefining what customers expect from cross-border payments — speed, simplicity, and reliability.
This partnership gives TPBank a single connection to global reach, so it can scale its international payment offerings quickly without the operational weight of building it alone.”
Vietnam recorded 17.7 billion non-cash transactions in 2024, up 56% from the previous year.
Nearly 18 billion transactions were recorded in the first nine months of 2025, exceeding the full-year total for 2024.
Featured image: Edited by Fintech News Singapore, based on image by Frolopiaton Palm via Magnific
