Xpress Money Doubles its Power in Vietnam

ABU, DHABHI, UAE, July 13, 2011 /PRNewswire/ --

• 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 Giriyan, 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 3^rd among 500 biggest private enterprises in Vietnam, has 150 branches and transaction offices in 27 key provinces/ cities across the country.

About DongA Commercial Joint Stock Bank

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 London.

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 http://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
[email protected]

SOURCE Xpress Money