Remittance and international money transfer services Viamericas has teamed up with Dong Phuong Money Transfer to scale access to remittance options in Vietnam.
Through this collaboration, Viamericas and Dong Phuong Money Transfer intend improve the provision of funds directly to recipients’ homes and local cash pickup points, equipping senders with increased flexibility and convenience in how they support their families.
Vietnam positions itself among the top remittance destinations globally. According to recent data, the region receives approximately USD 16 billion in annual remittances, which represents about 3.2% of its gross domestic product. As remittance inflows scaled by over 30% in 2024, families across Vietnam continue to rely on safe payout options to fund education, healthcare, and daily living expenses.
Expanded remittance network
The partnership will enable Viamericas customers to send funds for home delivery in USD and Vietnamese dong (VND), with the transfer being completed within three hours in major cities and within two days in rural regions. According to Dong Phuong Money Transfer’s representatives, since the start of its operations, the company has been focusing its efforts on bringing remittances securely and efficiently across Vietnam. By working with Viamericas, Dong Phuong Money Transfer aims to ensure that all Vietnamese families can benefit from support from abroad more easily and confidently.
Furthermore, teaming up with Dong Phuong Money Transfer comes as an expansion of Viamericas’ services in Vietnam, advancing its objective to serve this community through flexible, efficient payout options. Additionally, connecting with the company’s home delivery and payouts network will enable Viamericas to support its commitment to simplifying how families receive funds, as the company works on assisting more communities across the region.
The collaboration with Dong Phuong Money Transfer comes just a few short weeks after Viamericas announced that it raised USD 113.6 million, in a round led by Old National Bank and with participation from Bank of Oklahoma Financial, Axos Bank, and U.S. Bank. With the newly acquired funds, the company sought to further accelerate its expansion and meet the scaling the demand for efficient and more secure cross-border payment solutions.
