3 Most Popular Ways to Send Money to Vietnam from Abroad

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The blog discusses the evolving landscape of remittances to Vietnam, highlighting three popular methods for sending money:

1. International Bank Transfers: While secure and reliable, these transfers can incur high fees and take several days to process.
2. Money Transfer Services: Companies like Western Union and MoneyGram offer quick and convenient options, often allowing for cash pickups. However, fees can vary, and exchange rates may not be as favorable.
3. Digital Wallets and Mobile Money Services: With advancements in technology, digital wallets allow for fast transfers, often completed in just a few steps via mobile apps. This method is convenient and typically incurs lower fees, but recipients must have compatible wallets.

The blog emphasizes the challenges posed by high costs and lengthy approval processes associated with traditional methods, urging the need for quicker and safer solutions.

It also highlights the advantages of the new e-wallet aggregator product from FinFan, which streamlines the remittance process, enabling senders to select the recipient's preferred e-wallet accurately.

Major e-wallets like ZaloPay also offer promotions to assist recipients when receiving remittances.

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