VCBR promotes remittance flow to Vietnam through digitization

At the Clients Conference held by VCBR in August 2022, Jorge De Feria, Operations Director of SIGUE, a global money transfer company, said: "Our customers have proven many times, no matter how difficult they are, they will still find ways to send money to support their families back at home as we have seen in previous crises."

When the world was facing the risk of the global economic crisis and rising inflation, which caused adverse impact on the operation of all sectors, and in particular remittances, VCBR has identified the risks and proactively responded.

VCBR offers a variety of remittance payment methods. Photo by VCBR

On Nov. 25, 2022, VCBR launched the "Digital Wallet Transfer" service to improve the remittances experience in order to provide more diverse and convenient remittance payment services.

VCBR offers a variety of remittance payment methods for senders from other countries to Vietnam including home delivery, cash pickup at bank counters, 24/7 account deposit and digital wallet transfer. Customers receiving overseas remittances via VCBR enjoy more incentives and utilities.

Recently, Vietcombank Remittance Company received the "Remittance company of the year in Vietnam" awards granted by the Asian Banking & Finance (ABF), a Singapore magazine.

Ngo Nhat Linh - Deputy CEO of VCBR with "Remittance company of the year in Vietnam" Award granted by the Asian Banking & Finance (ABF), a Singapore magazine. Photo by VCBR

The ABF 2022 Awards was held from May to July 2022, attracting the participation of more than 140 banks and financial companies from 31 countries in the Asia-Pacific region.

Trinh Hoai Nam, CEO of VCBR, said: "In the field of remittances, VCBR is the first choice in Vietnam, and it is continuing to affirm its position and reputation with optimal policies, crafted to suit each and every partner."