Western Union Company on Thursday announced that customers in Vietnam can now receive and manage their international remittances around the clock with their cell phone by registering their Viettel mobile number for Military Bank’s MB Mobile Money service and providing their numbers to family and friends overseas. Thanks to the new service, customers from 110 countries can now enjoy the option of... 

Techcombank and Western Union Money Transfer Company have joined hands to kick off an online money transfer service that allows customers to take delivery of money via their accounts, instead of coming to banks. To use the service, customers have to open a bank account and sign up for F@st i-bank, an Internet banking product of Techcombank. Money will be transferred directly into customers’ accounts... 

Vietnam Bank for Industry and Trade, or VietinBank, has expanded Western Union Online, an account-based money transfer (ABMT) service, for the first time in Vietnam through its IPay system. To use the service, customers will log in IPay account on the website www.viettinbank.vn to receive money. ABMT applies new technology that allows access through website or mobile phones 24 hours a day. To register... 

Inward remittance will possibly be more fruitful in the remaining months of the year as that is when overseas Vietnamese send money home to their relatives. Inward remittances to Vietnam have spiked in the first six months of 2011. Overseas remittance revenue at Ho Chi Minh City-based Sacombank Remittance Express Company Limited (SBR) was around $800 million in the first six months of 2011, up 30... 

Inward remittances from abroad are soaring ahead of Tet, the Lunar New Year, early February. They have tripled to US$150 million this month at money transfer agency Sacomrex, Le Nguyen Thanh Trung, its director, said. State giant Vietcombank’s remittance department is bracing for a surge in the week before Tet, Pham Thuy Nga, a bank official, said. Money remitted to Vietnam through the bank has risen...