TerraPay Partnerships with HDBank and TPBank in Vietnam
TerraPay has formed strategic partnerships with leading Vietnamese commercial banks, including HDBank and TPBank, to enable real-time outbound international payments through existing SWIFT connectivity to over 156 countries.
Aggregated from 7 sources · Updated 31 Jul 2026, 03:20 UTC (UTC)
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7 sourcesBlindspot Alert: Center Gap
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Facts (10)
- Established
TerraPay partnered with Vietnam's HDBank to support real-time outbound international payments to bank accounts and mobile wallets globally.
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HDBank customers will access TerraPay’s payout network spanning more than 156 countries and territories.
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The HDBank partnership utilizes existing SWIFT connectivity to avoid significant capital expenditure or complex technology upgrades.
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Vietnam’s outward remittance market was valued at approximately $275 million in 2025 and is projected to reach $346 million by 2030.
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TPBank in Vietnam also partnered with TerraPay to enable outbound international payments across 156 countries.
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Ani Sane is the co-founder and chief business officer of TerraPay.
- EmergingNiche Signal
HDBank and TerraPay signed a memorandum of understanding (MoU) to include remittance services such as cash collection and home delivery.
- EmergingNiche Signal
The initial rollout of the HDBank-TerraPay service covers corridors including Japan, South Korea, Singapore, China, Australia, India, Europe, and the US.
- EmergingNiche Signal
TerraPay holds a Major Payment Institution (MPI) licence granted by the Monetary Authority of Singapore.
- EmergingNiche Signal
TPBank previously used RippleNet in 2019 to handle blockchain-powered cross-border payments specifically to Japan.