Singapore and Hong Kong-licensed payment institution FOMO Pay has launched local Vietnamese Dong (VND) virtual accounts.
The service enables merchants, corporates, and institutions to send and receive VND within Vietnam using locally issued virtual accounts under their own names via the country’s local payment infrastructure.
The introduction of VND accounts aims to support cross-border transactions involving Vietnam by potentially speeding up settlement, simplifying payment reconciliation, and improving cash flow management for businesses operating internationally.
This expansion follows FOMO Pay’s recent rollout of United Arab Emirates Dirham (AED) payment capabilities.
The company facilitates business-to-business fund transfers across more than 100 countries and continues to grow its local payment network in key markets across Southeast Asia and beyond.
