Visa, MoneyGram join hands to offer P2P payment to Vietnam
The world leader in digital payments Visa and global cross-border peer-to-peer (P2P) payments and money transfer service provider MoneyGram International recently launched a real-time P2P payment solution to Vietnam.
Visa and MoneyGrame tie up to provide a real-tim P2P payment solution for Vietnam (Photo: tapchitaichinh.vn)
Hanoi (VNA) - The world leader indigital payments Visa and global cross-border peer-to-peer (P2P) payments andmoney transfer service provider MoneyGram International recently launched areal-time P2P payment solution to Vietnam.
This latest integration in the partnership between Visa, MoneyGram and severalcommercial banks across the country enables customers to transfer money fromthe US, the UK and 18 other European countries to Vietnam quickly and securelyvia Visa Direct. Customers can transfer money digitally through the MoneyGrammobile app or website almost instantly to any Visa cardholders in Vietnam.
According to Country Manager at Visa Vietnamand Laos Dang Tuyet Dung, the digital payment will help MoneyGram customers toquickly and conveniently receive money into their bank accounts via VisaDirect.
"Cardholders can use any Visa debit or prepaid card to receivecross-border payments via Visa's real-time push payment solution”, she said,adding the partnership with MoneyGram will support Vietnam's economicgrowth and streamline the remittance transferring process.
With Visa Direct, users can transfer up to 2,500 USD per transaction and 10,000USD per day. From now until June 30, 2021, customers can send money to a Visadebit card in Vietnam without incurring a transfer fee.
Vietnam is one of the top ten remittance recipients in the world. Millions ofVietnamese expats will now be able to use MoneyGram to send money seamlesslyand conveniently to their family and friends at home./.
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Visa and MoneyGrame tie up to provide a real-tim P2P payment solution for Vietnam (Photo: tapchitaichinh.vn) 
