TerraPay partners with HDBank to facilitate international outbound payments for Vietnamese customers
TerraPay has partnered with Vietnam's HDBank (HDB.VN) to enable real-time outbound international payments from the country. The collaboration allows HDBank customers to send money directly to overseas bank accounts and mobile wallets using TerraPay’s global payout network, which spans over 156 countries and territories. The service leverages HDBank's existing SWIFT connectivity without requiring major infrastructure upgrades or capital expenditure. Customers will continue initiating payments through their current channels at HDBank while TerraPay handles the delivery of funds abroad. The partnership is aimed primarily at retail customers and small-to-medium enterprises (SMEs), facilitating faster international transactions for suppliers, partners, and beneficiaries. TerraPay's co-founder Ani Sane emphasized that traditional correspondent banking systems are not suited to today’s demand for speed in outbound payments. He noted the importance of banks like HDBank as central hubs for global financial activity.
Topics: banking partnerships international payments outbound remittances