TerraPay, a global money movement company, has partnered with MBV, a rapidly evolving financial institution focused on delivering modern banking services and expanding customer access to digital financial solutions, to provide customers with real-time outbound payment capabilities to bank accounts and digital wallets globally.
According to the State Bank of Vietnam, 87% of Vietnamese adults now hold a bank account, with many credit institutions conducting over 90% of their transactions through digital channels. As financial access widens and digital adoption deepens, customer expectations for banking are shifting fast — yet many banks looking to extend that experience to international payments still face major technology investment or complex overhauls to their existing systems. For a bank built on innovation-led growth, this is a real constraint.
Through this partnership, MBV can extend its international payment reach using its existing Swift infrastructure, without major technology investment. Through a single connection with TerraPay, MBV gains access to a global network spanning more than 156 countries and territories. Customers can initiate payments through MBV as they always have, while benefiting from TerraPay’s extensive global payout infrastructure — simplifying international payments by reducing reliance on complex correspondent banking chains, and allowing MBV to accelerate the rollout of new international payment services while maintaining a seamless customer experience.
For MBV’s customers, this means real-time outbound global payments, access to both bank account and digital wallet payout destinations, faster overseas payments, and a convenient, frictionless cross-border payment experience.
Mr Le Xuan Vu, CEO of MBV, said: “MBV is focused on delivering modern banking services and expanding customer access to digital financial solutions. Partnering with TerraPay empowers us to accelerate the rollout of real-time international payments without the burden of major technology investment. It’s a strategic step forward in our vision of providing customers with modern, globally connected banking services.”
Ani Sane, Co-Founder and Chief Business Officer, TerraPay, said: “As financial access in Vietnam widens, customer expectations for banking are evolving just as fast — including how they move money across borders. This partnership gives MBV a single connection to global reach through infrastructure they already trust, so they can bring new capabilities to customers quickly and without disruption.”
Through this collaboration, MBV strengthens its vision of providing customers with modern, globally connected banking services, while TerraPay continues to build on its role as a trusted infrastructure partner for banks and financial institutions seeking seamless global connectivity.