TerraPay, a global money movement company, has partnered with TPBank, one of Vietnam’s most innovative and digitally focused banks, to offer customers real-time outbound cross-border payment capabilities to destinations worldwide.
Vietnam recorded 17.7 billion non-cash transactions in 2024, up 56% year-on-year, and by the first nine months of 2025 alone that figure had already reached nearly 18 billion — surpassing the full-year 2024 total. As Vietnam’s shift to digital, cashless banking accelerates, customers increasingly expect the same speed and simplicity in cross-border payments that they already experience domestically. Yet expanding international payment offerings often requires banks to build multiple bilateral relationships or make substantial technology investments — a real constraint for a bank moving at digital speed.
Through this partnership, TPBank can utilize its existing Swift connectivity while gaining access to TerraPay’s extensive global payment network, connecting customers to bank account and wallet destinations across more than 156 countries and territories. The model eliminates the need for multiple bilateral relationships or substantial technology investment, enabling TPBank to rapidly expand its international payment offerings while maintaining operational efficiency. Customers continue banking with TPBank as they always have, while gaining access to a broader range of international payout options.
For TPBank’s customers, this means fast and seamless international payments, global reach through bank account and wallet payout options, and a reduced-complexity, digital-first experience for businesses making overseas payments.
Mr. Nguyen Viet Anh – Deputy CEO in charge of Strategy and Banking Governance, TPBank, said: “TPBank has consistently been at the forefront of digital banking innovation in Vietnam. Partnering with TerraPay empowers us to rapidly expand our international payment offerings without the burden of multiple bilateral relationships or heavy technology investment. It’s a strategic move that reinforces our commitment to a digital-first banking experience for our customers.”
Ani Sane, Co-Founder and Chief Business Officer, TerraPay, said: “Digitally-led banks like TPBank are redefining what customers expect from cross-border payments — speed, simplicity, and reliability. This partnership gives TPBank a single connection to global reach, so it can scale its international payment offerings quickly without the operational weight of building it alone.”
The collaboration has been duly notified to the State Bank of Vietnam in accordance with applicable regulations. All inbound and outbound remittance transactions are subject to stringent controls to ensure compliance with Vietnam’s foreign exchange regulations and anti-money laundering requirements.
Through this collaboration, TPBank reinforces its reputation as a pioneer in digital banking innovation in Vietnam, while TerraPay continues to build on its role as a trusted infrastructure partner for banks and financial institutions seeking seamless global connectivity.