VPBank and Western Union enhance digital remittance experience
VPBank and Western Union launched the APN Realtime service on October 12 enabling recipients in Vietnam to receive remittances directly into their bank accounts in real time without having to visit a physical location to collect cash
The Vice President's Bank (VPBank) and Western Union have joined forces to enhance the digital remittance experience for Vietnamese customers. The new Account Payout Network (APN) Realtime service allows funds to be transferred from overseas to Vietnam instantly and without the need for physical cash collection. This 24/7 service, accessible at any time including weekends and public holidays, charges no fees to recipients and imposes no limits on the number of transactions they can receive.
By directly depositing funds into bank accounts, the service streamlines financial management, enabling recipients to continue using payment, savings, investment, and other banking services without converting money to cash. VPBank's representative stated that this partnership aims to meet the practical needs of recipients and align with international transaction standards, while Western Union's global network spanning over 200 countries and territories complements VPBank's advanced digital banking infrastructure to bring 'halfway around the world, connected with just one tap'.
The service comes as Vietnam received approximately $16 billion in remittances in 2024, with figures projected to reach $17.7 billion in 2025, demonstrating the importance of efficient, fast, and flexible cross-border money transfer options for Vietnamese families and businesses.
Written by urgent.news from Vietnam Investment Review's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
