Vietnam International Bank (VIB) officially cooperates with Flywire (Nasdaq: FLYW), a leading company in the field of software and global payment solutions headquartered in Boston (USA), to provide convenient and economical payment solutions for Vietnamese international students .
Accordingly, with a network of more than 4,000 global partners Flywire, a joint solution that enables international students and their families to pay for international education fees completely online and in Vietnamese Dong.
With just a few simple steps on a secure online platform, VIB and Flywire’s solution helps customers optimize their international payment experience. Customers can complete transactions without having to visit a bank or incur any additional fees. Through VIB, customers can pay thousands of Flywire partners, including educational institutions and travel companies around the world.
Mr. Ho Van Long, Deputy General Director and Director of Retail Banking Division of VIB shared: With the vision of becoming the most innovative and customer-oriented bank in Vietnam, VIB always focuses on providing a comprehensive, superior product suite and personalized, innovative service solutions for customers. With the cooperation event with Flywire, VIB has combined the modern technology of the world's leading fintech partner to digitize 100% of international payment services, bringing a seamless, faster and more convenient experience to customers.
“ We are excited to partner with VIB to combine their comprehensive banking network and Flywire’s payment technology to transform the way international payments are made for students and travelers, ” said Mohit Kansal, Senior Vice President of Global Payment Services, Flywire. “ Vietnam is an important market for Flywire and we are committed to enhancing our services for our users while strengthening our presence in the region.”
Benefits of international payments via VIB and FlywireSimple payment in VND : Customers only need to transfer money in VND to Flywire's account at VIB, instead of having to buy foreign currency in the usual way.
Convenient online payment : Customers do not need to go to the bank, instead, they just need to perform simple operations on the online platform according to Flywire's payment instructions and transfer the correct amount of VND to Flywire's account at VIB to complete the payment. To check the status of the transaction, customers can proactively look it up 24/7 on Flywire's online platform.
No transaction fees : For regular international money transfers, customers will have to pay a minimum of $10 transfer fee and $25 overseas fee per transaction. With payment methods via VIB and Flywire, customers will not incur any fees.
Extensive global partner network: Flywire is supported by a network of global, regional, and local banking partners, providing customers with access to a unique suite of payment methods, enabling receiving and payment in over 240 countries and territories in over 140 currencies.
About FlywireFlywire (Nasdaq: FLYW) is a global payments software and solutions company. The company combines a proprietary global payments network, next-generation payments platform, and industry-specific software to deliver mission-critical and complex payments solutions to its partners and customers.
Flywire leverages industry-specific software and payment technology to deeply integrate into partners’ existing A/R processes in education, healthcare, and travel, as well as key B2B verticals. Flywire also integrates with leading ERP systems like NetSuite, helping organizations optimize the customer payment experience and eliminate operational challenges.
Flywire currently supports more than 4,000 partners with a variety of payment methods in more than 140 currencies in more than 240 countries and territories worldwide. The company is headquartered in Boston, MA, USA with offices worldwide.
Source: https://thanhnien.vn/vib-hop-tac-flywire-cung-cap-giai-phap-thanh-toan-quoc-te-tien-loi-cho-nguoi-viet-185241113205128517.htm
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