— MoneyGram, a global provider money transfer and payment services, and HDBank on August 28 signed an agreement to provide home remittance delivery services in Viet Nam.

MoneyGram, a global provider money transfer and payment services, and HDBank on August 28 signed an agreement to provide home remittance delivery services in Viet Nam.

Customers in urban areas using HDBank's home remittance service through MoneyGram will receive money within three hours if the transaction is done before 10:30am local time.

Customers living in suburban and rural areas will receive money on the same day, though in remote areas in the north the money might take one day.

Speaking at the signing ceremony, Sheshagiri (Sukesh) Malliah, MoneyGram regional head, Indian Subcontinent, Malaysia and Indo-china, said: “MoneyGram has been associated with HDBank for a while now for cash pick up and now HDBank will also help MoneyGram receivers get the money delivered to their doorstep.

“MoneyGram is committed to enhancing our products offerings in Viet Nam and we believe this is a progressive and mutually rewarding step towards that goal.”

Le Thanh Trung, deputy CEO of HDBank, said the agreement “marked an important milestone in the co-operation between HDBank and MoneyGram in improving the quality of remittance services.”

“HDBank is one of the few banks in Viet Nam to have cash to home service via MoneyGram in AUD besides USD and VND.”

According to MoneyGram, remittances to Viet Nam last year reached US$18.9 billion, a year-on-year increase of 37 per cent.

Viet Nam is among the top 10 countries in the world and second in Southeast Asia after the Philippines in terms of inbound remittances. — VNS