MoneyGram and HDBank on August 28 signed an agreement to provide home remittance delivery services in Vietnam. (Photo: VNA) HCM City (VNS/VNA) - MoneyGram, a global provider money transfer and payment services, and HDBank onAugust 28 signed an agreement to provide home remittance delivery servicesin Vietnam.
Customersin urban areas using HDBank's home remittance service through MoneyGram willreceive money within three hours if the transaction is done before 10:30amlocal time.
Customersliving in suburban and rural areas will receive money on the same day, thoughin remote areas in the north the money might take one day.
Speakingat the signing ceremony, Sheshagiri (Sukesh) Malliah, MoneyGram regional head,Indian Subcontinent, Malaysia and Indo-china, said: “MoneyGram has beenassociated with HDBank for a while now for cash pick up and now HDBank willalso help MoneyGram receivers get the money delivered to their doorstep.
“MoneyGramis committed to enhancing our products offerings in Vietnam and we believe thisis a progressive and mutually rewarding step towards that goal.”
Le Thanh Trung, deputy CEO ofHDBank, said the agreement “marked an important milestone in the co-operationbetween HDBank and MoneyGram in improving the quality of remittance services.”
“HDBankis one of the few banks in Vietnam to have cash to home service via MoneyGramin AUD besides USD and VND.”
Accordingto MoneyGram, remittances to Vietnam last year reached 18.9 billion USD, a year-on-year increaseof 37 percent.
Vietnamis among the top 10 countries in the world and second in Southeast Asia afterthe Philippines in terms of inbound remittances.-VNS/VNA
VNA
