Sacombank and WorldRemit Launch Instant Money Transfers to Vietnam

30-Aug-2017 Intellasia | BusinessWire | 6:30 AM Print This Post

New instant cash pickup service now available at 553 locations in

HO CHI MINH CITY, Vietnam & LONDON–(BUSINESS WIRE)–Leading digital money transfer service WorldRemit
has partnered with Sacombank,
one of Vietnam’s leading banks, to support the growing demand for
instant remittances from the country’s three million-strong diaspora.

Using the WorldRemit service, Vietnamese people living and working
overseas can now send money instantly to friends and family, with
recipients able to pick up cash from 553
across the country.

The total value of remittances entering Vietnam in 2016 grew
by $400 million to $13.4 billion according to the World Bank, a 264%
increase in the past decade alone.

WorldRemit’s expansion in Vietnam follows a period of high growth across
APAC, with the company expanding its presence in Asia significantly to
include Singapore, Hong Kong, Japan and Malaysia.

Globally, WorldRemit customers send 700,000 transfers every month from
50 countries to over 140 destinations; the Asia Pacific region now
accounts for almost 25% of all transactions sent.

Ismail Ahmed, Founder and CEO at WorldRemit said: “We
are delighted to be expanding our service in Vietnam with Sacombank, one
of the country’s most recognised institutions.
Vietnam remains
one of the top ten global receive markets for remittances, and
WorldRemit is committed to providing a secure, fast and lower cost
transfer method for the Vietnamese diaspora to send money to loved ones
at home.”

To find out more on how to send money to Vietnam using WorldRemit, click here.

** ENDS **

About WorldRemit

WorldRemit is changing the way people send money.

  • It’s easy – just open the app or visit the website – no more agents.
  • Transfers to most countries are instant – send money like an instant
  • More ways to receive (mobile money, bank transfer, cash pickup, and
    mobile airtime top-up).
  • Available in over 50 countries and 140+ destinations.
  • Backed by Accel Partners and TCV – investors in Facebook, Spotify,
    Netflix and Slack.

WorldRemit’s global headquarters are in London, UK with regional offices
in the United States, Canada, South Africa, Singapore, the Philippines,
Japan, Australia and New Zealand.

About Sacombank


  • Receive money at the counter within only 2 minutes after the sender
    completes remittance procedures
  • Available at all of Sacombank’s transaction offices nationwide


  • Free of charge for the beneficiaries
  • Receive money in USD, AUD, CAD or VND
  • No need to declare the money origin nor open an account
  • Conditions and documents very simple

To receive money, please bring and complete the following documents to

  • Personal ID/Passport


Media contacts
Lucas Germanos
[email protected]
[email protected]


Category: BusinessWire, PRAsia

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