Xpress Money Doubles its Power in Vietnam

By Xpress Money, PRNE
Tuesday, July 12, 2011

ABU, DHABHI, UAE, July 13, 2011 -

  • Strategic alliance with Vietnam International Bank and DongA
    Commercial Joint Stock Bank
  • More than 100 new locations with VIB
  • Door delivery service of multiple currencies offered with
    DongA Commercial Bank

Xpress Money, the leading global instant money transfer brand,
has announced tie-ups with Vietnam International Bank (VIB) and
DongA Commercial Joint Stock Bank, two of the most respected brands
in the financial services sector in Vietnam, last week.

VIB has earned the title of ‘The Bank with Most Satisfying
Retailing Services’ and this new agreement with Xpress Money offers
overseas workers the advantage of sending money to their dependants
to 130 locations in Vietnam. The beneficiaries can collect the
money in US Dollars.

DongA Commercial Joint Stock Bank has won the accolade of
‘Vietnam Excellent Brand Award 2010′ presented by Vietnam Economy
Times. The agreement brings about the special feature of home
delivery of remittances in addition to the already existing counter
pick up of instant money transfer services in Vietnam. The
beneficiaries also have a choice to collect the remittance in US
Dollars, Vietnamese Dong or Euro currency from any of the more than
200 locations of the bank. DongA’s service network covers 61 cities
& provinces of Vietnam.

The agreement with both VIB and DongA Commercial Bank is in line
with the Xpress Money’s goal to expand our network and build our
strength via strategic tie-ups with organizations of repute across
the globe.

Vietnam is a growing market with more than 4 million Vietnamese
living and working across 100 countries worldwide. Our agreement
with Vietnam International Bank and DongA Commercial Joint Stock
Bank is part of our mission to bring instant money transfer service
within the reach of every citizen on this planet,” said Mr. Sudhesh
, Vice President, Xpress Money.

About Vietnam International Bank

Vietnam International Bank, with total assets of over VND
100,000 billion
, is one of the leading joint stock commercial banks
in Vietnam. The bank, which was recently ranked 3rd
among 500 biggest private enterprises in Vietnam, has 150 branches
and transaction offices in 27 key provinces/ cities across the

About DongA Commercial Joint Stock

DongA Commercial Joint Stock Bank, is one of the 50 reputable
banks in Vietnam. In 2010, DongA Money Transfer Company, which is a
member of the DongA Bank, was the only Vietnamese company to be
awarded the ‘Most Innovative Company Award 2010′ by the
International Association of Money Transfer Networks (IAMTN) in

About Xpress Money

Xpress Money Services Limited is the fastest growing instant
money transfer company. With a thriving presence in more than 90
countries across 80000 agent locations worldwide, Xpress Money
provides its customers an instant, safe & affordable way to
transfer money worldwide. For more information, visit href="www.xpressmoney.com">www.xpressmoney.com

Lahcen Aterta | Manager - Media Relations
XPRESS MONEY services Ltd | P.O. Box 170, Abu Dhabi, UAE
Vision Downtown, Mezzanine Floor, Old Souk, Hamdan Street
Tel: +971-2-4945480 | Fax: +971-2-6323893


will not be displayed