A global settlement platform has announced the launch of real-time transfers to Vietnam. facilitating real-time remittance to banks, mobile wallets and same-day transfer to cash pick-up locations.
OKLink is a next generation settlement platform provider that gives every remittance and payment company the same cost advantage, global reach, and speed
Companies on the OKLink network can now transfer up to $10,000 per transaction to a Vietnam bank account, cash pickup, or mobile wallet for a total delivery fee of 0.5 percent. The new financial technology enabled service makes it cheaper and faster than traditional remittance channels.
Real Time Transactions
Powered by Blockchain, OKLink’s settlement platform allows partners to make transactions within 30 minutes to any account at any of Vietnam’s 27 banks, including VietinBank, Agribank, Vietcombank and BIDV.
Transactions can also be made within the same day to cash pick-up locations across the country as well as real-time to ATM cards or to mobile wallets via Vimo, a mobile payment platform that handles fund transfers, bill payments, online shopping, top-ups, and cash withdrawal.
«To be able to offer such quick and cheap money transfers to Vietnam is really significant to OKLink’s partners and to Vietnam’s economic development,» said Jack C. Liu, (pictured) Chief Strategy Officer at OKLink. Remittances from Vietnamese nationals living overseas remain a key part of the country’s economy, equivalent to about 7 percent of its GDP according to 2015 data from the World Bank, and comprising nearly 2.4 percent of total global remittances.
