MBV is expanding its cross-border payment services through a new partnership with TerraPay.
The Vietnamese bank will use TerraPay’s network to offer real-time outbound payments to overseas bank accounts and digital wallets.
MBV will connect through its existing Swift infrastructure, with TerraPay supporting payouts across more than 156 countries and territories.
Le Xuan Vu, CEO of MBV, said,
“MBV is focused on delivering modern banking services and expanding customer access to digital financial solutions. Partnering with TerraPay empowers us to accelerate the rollout of real-time international payments without the burden of major technology investment.
It’s a strategic step forward in our vision of providing customers with modern, globally connected banking services.”
Ani Sane, Co-Founder and Chief Business Officer at TerraPay, said,
“As financial access in Vietnam widens, customer expectations for banking are evolving just as fast — including how they move money across borders.
This partnership gives MBV a single connection to global reach through infrastructure they already trust, so they can bring new capabilities to customers quickly and without disruption.”
Featured image: Edited by Fintech News Singapore, based on image by pressmaster via Magnific
