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Telcoin ally with arch Vietnamese adaptable wallet VIMO for all-embracing remittance. Partnership aims to acquaint fastest, best affordable advantage for US$1B Canada-Vietnam remittance corridor.
26th June 2024 – FOR IMMEDIATE RELEASE
Singapore and Hanoi, Vietnam — Telcoin Pte. Ltd., a fintech startup leveraging blockchain technology to facilitate high-speed, bargain all-embracing remittances, today appear a affiliation with Vimo Technology JSC, abettor of arch Vietnamese agenda wallet Vimo.
Under the partnership, Telcoin users in Vietnam will anon be able to acquire entering all-embracing remittances from Canada (in CAD) and banknote out to their Vimo agenda wallet antithesis (in VND). Vimo has added than 1 actor alive wallets beyond Vietnam. In accession to merchant payments, Vimo offers P2P transfers, bill payment, ecommerce payment, adaptable top-up, and coffer transfer.
According to the World Bank, about US$1 billion in remittance outflows were beatific from Canada to Vietnam in 2024. Incumbent remittance providers generally allegation absonant fees or booty an arbitrary cut of bill barter rates, with the all-around boilerplate amount of sending an all-embracing remittance at 7.01 percent. That amount is alike college for sending money from Canada to Vietnam, at 7.63 percent (US$15.25) to accelerate US$200. Telcoin is targeting aloof 1 to 2.5 percent to accelerate a defended remittance via adaptable accessory in seconds, and the Telcoin Wallet appliance makes the absolute action as accessible as sending a argument message.
In accession to Canada, Telcoin and Vimo plan to aggrandize entering remittance casework to added corridors in the abreast future. Vietnam’s top-10 entering corridors accomplish added than US$12.6 billion in anniversary remittance volume, with the boilerplate amount of sending US$200 alignment from about 5 to 10 percent. Telcoin and Vimo attending advanced to abolition the cachet quo and putting added money aback into the easily of Vietnamese remittance recipients.
“We’re aflame to accompany Telcoin remittances to the Vietnamese bazaar with Vimo,” said Mr. Claude P. Eguienta, Telcoin co-founder and CEO. “Vietnam is a above almsman of all-embracing remittances, and starting with the Canada-Vietnam corridor, we attending advanced to bringing a added affordable, hassle-free, and easy-to-use advantage to our barter there.”
“As one of the beat money alteration account providers in Vietnam, we accede that the demands for appointment money from across into Vietnam is actual huge,” said Mr. Do Cong Dien, Vimo CEO. “Cooperating with Telcoin, we achievement to actualize an easier, cheaper, faster, and safer way for the Vietnamese association alive in Canada to accelerate money to their home country.”
Follow Telcoin and Vimo for added capacity and to be the aboriginal to apperceive back Telcoin Remittances go alive in Vietnam.
Telcoin:
Website: https://www.telco.in/
Twitter: @telcoin_team
Telegram: t.me/telcoincommunity
Vimo: https://vimo.vn/
Website:
Fanpage: https://www.facebook.com/vimo.vn/
Email:
[email protected]
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