BICS, a global provider of voice,
messaging, roaming, connectivity and
mobile financial services, and VNPT
EPAY, a VNPT affiliate and Vietnamese
provider of mobile wallets and payment
services, today announced that VNPT
EPAY has connected to the HomeSend
international remittance hub.
VNPT EPAY is an electronic payment services provider in Vietnam and a leader in electronic payment services in its market. It is the first to introduce cross-border international remittances in Vietnam using the mobile phone, with the HomeSend remittance hub as a key enabler for this service.
As a result, people living in Belgium and the UK will be able to cost effectively and instantly remit money to the mobile wallets of their Vietnamese relatives and friends who are VNPT EPAY subscribers.
The remittance transactions from Belgium and the UK to the mobile wallets in Vietnam are facilitated by BICS HomeSend solution, a global remittance hub powered by technology partner eServGlobal.
HomeSend allows the transfer of any type of funds, such as airtime and cash, and from various fund sources, such as mobile wallets, bank accounts and credit cards, with transfer fees which are lower than those of traditional international remittance avenues.
Mr. Nguyen Quang Minh, general director of VNPT EPAY, said: The mobile market in Vietnam has developed rapidly over past years. Vietnam is also one of the countries with the great international remittances. However, a large proportion of the population does not approach banking services. We believe that the Homesend service, with the advantages of faster transfer time, more simple and at a competitive rate will receive the interest of customers.
Frederic Schepens, SVP mobile financial services at BICS, added: We are delighted to work with VNPT EPAY to help address the needs of mobile phone users across a broad spectrum ranging from those who travel frequently, to those who do not have a formal bank account. This partnership reinforces our goal to enable a truly global mobile remittance ecosystem.”