MSB and TerraPay Team Up to Improve Cross-Border Transfers
Hey, Payments Fanatic!
The Bank of England forecasts that the cross-border payment market will grow by more than USD 100 trillion over the next decade, exceeding USD 250 trillion by 2027.
As digitization accelerates, the need for real-time global payments is becoming more urgent. However, unlike domestic transfers, international money transfers remain complex, time-consuming, and expensive.
To address this challenge, the Vietnam Maritime Commercial Joint Stock Bank and Terrapay have signed an agreement to strategically cooperate providing digital payment solutions and data capabilities to help MSBs improve efficiency and deliver a better payment service experience to customers by lowering costs and shortening transaction times.
Mr. Nguyễn Thế Minh, Deputy General Director of MSB, mentioned, ‘The cooperation between the two parties will bring numerous benefits and economic efficiencies for Vietnamese businesses in both domestic and international payments.”
In line with its digital transformation efforts, MSB is committed to developing and seeking suitable financial solutions through trusted partners to deliver exceptional value and experiences to its customers.
Now, into more news.
Cheers,
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