News
09/09/2019
August 2019 – SeABank has signed a cooperation agreement with Thunes, a global cross-border payments network for emerging markets, and expanded payment transfer delivery options in Vietnam to the world.
From 2007 to 2018, the volume of remittances received in Vietnam more than doubled, according to The World Bank, making it the eighth highest recipient of remittances in the world. With more options available between real-time transfer to major bank accounts, mobile wallets and an extensive network of cash pick-up agents, this new partnership allows for greater reach and a more convenient experience.
In 2018 alone, remittances hit a record of US$15.9 billion in Vietnam, representing 6.6% of the country’s Gross Domestic Product. However, the distribution of remittances can be uneven, with some secluded areas unable to reap the economic benefits remittances bring. With this partnership that covers all communes with 10,000 Vietnam Post Offices as well as all the banks of the National Payment Corporation of Vietnam network, Thunes and SeABank are on a mission to provide the residents of smaller townships direct access to remittances.
“We work relentlessly to provide opportunities for everyone to participate in the global economy. Partnering with SeABank enables us to build a better payment infrastructure and help make financial services more accessible,” commented Thunes CEO, Steve Vickers.
“With this improved ability for Vietnamese to obtain real-time transfers, we hope to support financial inclusion by giving individuals and businesses alike the appropriate means to grow.”
SeABank CEO, Le Thu Thuy said: “Thunes is a B2B global payment platform that enables people to access financial services through connecting diverse payment systems that allow real-time and fast money transfers.
With customer orientation as the focus, SeABank always strives to bring customers perfect products and services with the best experience. The cooperation with Thunes in remittance will help SeABank's customers to have a fast, safe and convenient cross-border money transfer channel”.
