FinFan and MoneyGram expand the partnership on 'cross-border remittance'
Ho Chi Minh City, MoneyGram International, Inc. (NASDAQ: MGI), a global leader in cross-border P2P remittance and payments, today announced a partnership with Best Way Corporation “FinFan”, one of the leading remittance and payment fintech companies in Vietnam. The partnership enables FinFan customers to connect to the MoneyGram platform and distribution network in over 200 countries and territories. The connection will especially benefit consumers who send money to Vietnam worldwide.
Faster, safer, and transparent is what should be said about this real-time money transfer service platform. Through a single API payment gateway, every transaction of the customer is processed faster and more efficiently. Besides, it also helps FinFan-MoneyGram maintain a low cost of transactions as well as improve the customer experience.
"Partnering with FinFan, the leading fintech company in Vietnam is a critical component of our strategy to accelerate digital growth," said Kamila Chytil, MoneyGram Chief Operating Officer and leader of the company's digital business. “We hope FinFan will increase the number of countries using existing digital services. And Vietnam is our next choice. FinFan, MoneyGram’s friend, makes us proud of its infrastructure and technology they bring to our service everyday more modern and developed”.
MoneyGram is reinforcing its top position in Vietnam's P2P payment and money transfer market thanks to the relationship with national banks and its recent partner FinFan. Based on the information of the World Bank, the amount of remittances to Vietnam is about $16.7 billion.
“Becoming a strategic partner of the world's leading payments company is what FinFan is very proud of. To become their partner, we evidently also prepare ourselves for a solid corridor, smart blockchain technology platform and agency system expanding across Vietnam," said Dr.Tuyen Nguyen, Director & Founder of FinFan. "Both me and MoneyGram are aiming for the main goal of real-time money transfer experience, safety and cheapness through this cooperation”, he added.
About MoneyGram International, Inc.
MoneyGram International is a global leader in cross-border remittance and payments. Its consumer-centric goals enable family and friends to send money quickly, securely, and at reasonable prices based on a unique API platform system in over 200 countries.
MoneyGram utilizes a large-scale, modern technology platform to serve millions of people worldwide each year. Collaboration with major fintech companies around the world also makes MoneyGram a leading fintech company. With a strong culture of innovation and a relentless focus on utilizing technology to deliver the world's best customer experience, MoneyGram is leading the evolution of cross-border payment platforms.
For more information, please visit www.MoneyGram.com and follow @MoneyGram.
About Best Way Corporation - FinFan
FinFan is a Cross-Border Money Movement Platform that helps service providers expand quickly to unreached markets with a full spectrum of remittance & payment services. FinFan is the first non-bank financial company to be licensed and to operate in Vietnam. Since its founding in 2007, it has grown tremendously to become the Top 1 money transfer company in the country.
Within 13 years, FinFan has added many more services to its portfolio, including overseas money transfer, payment, pay the bill, cash-in, cash-out, and more.
For more information, please visit https://finfan.vn and follow @FinFan.