VRB launches new MoneyExpress transfer service

Vietnam-Russia Joint Venture Bank (VRB) based in Moscow has expanded its service offering by launching MoneyExpress by Union Pay International. The project was implemented with support from Compass Plus Processing Center and in partnership with United Settlement System.

MoneyExpress is a cross-border remittance service, which settles the exchange rate in advance and deposits the remittance into the remittee’s UnionPay account, generally in real-time. The launch of MoneyExpress was implemented with minimal labour and investments costs. This launch enables VRB to expand its portfolio of money transfer services offered to its customers and members of the BEST Payment System. Compass Plus Processing Center ensures a high level of security and availability.