HDBank Partners with TerraPay for Real-Time Cross-Border Payments
Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) partnered with TerraPay on Jul 29, 2026, to enable real-time outbound international payments for its customers. Under the deal, customers initiate cross-border payments through HDBank while TerraPay manages delivery to overseas bank accounts and digital wallets. TerraPay's network spans more than 156 countries and territories.
HDBank will use its existing SWIFT connectivity to offer the service, avoiding the need for large capital outlays, technology upgrades, or complex integrations. Huynh Trung Minh, HDBank's director of bancassurance and affiliate partner development, said the partnership brings real-time international payments with minimal infrastructure change. Another Vietnamese bank, TPBank, has also partnered with TerraPay for international payments.
- Demonstrates growing demand for embedded cross-border payment rails among traditional APAC banks seeking to avoid costly in-house builds
- TerraPay strengthens its position as a key infrastructure layer for bank-to-wallet and bank-to-bank international payments in Southeast Asia