OKLink partners can now transfer up to US$10,000 to Vietnam via a bank account, cash pickup or mobile wallet for a total delivery fee of 0.5%, calculated at the mid-market exchange rate with no hidden charges.
Remittances from Vietnamese overseas remains a key part of the country’s economy, equivalent to about 7 percent of gross domestic product according to 2015 data from the World Bank.
Using OKLink, independent transfer companies can allow customers to send money to Vietnam much quicker and at a rate much cheaper than incumbents like Transferwise.
Whether you’re a multinational company, e-commerce merchant, or a transfer company serving remittance needs to Vietnam, your customers can now make transactions within 30 minutes to any account with 27 banks; within the same day to cash pick-up locations across the country; and real-time to ATM cards with 22 banks. In addition, we support real-time transfers to mobile wallets via Vimo, a mobile payment platform that handles fund transfers, bill payments, online shopping, top-ups, and cash withdrawal.
Here are more details on sending to Vietnam with OKLink:
Payouts are currently available at 27 banks via deposit accounts and 22 banks via ATM cards, including:
From now until 31 March 2017, OKLink is subsidizing all fees on the first US$100,000 of cross-border transfers for every partner on the OKLink network.