Vimo is an e-wallet and mobile money provider in Vietnam. It was founded in 2016 in Hanoi. Users can store money in the Vimo app and use it for payments and other services. The full list of transactions provided by Vimo is large. It includes money transfer, bill payments, phone credit top-up, and even sending and receiving money by QR code. It also allows ATM withdrawals without needing a card.
Vimo is affiliated with major Vietnamese banks as well. Its future seems to be bright as in 2019 Vimo merged with mPOS, a major point-of-sale company. Together they estimated their market share at 1.5 million e-wallet users and more than 35,000 acceptance points across 45 cities. It’s clear that Vimo is a major player in the mobile wallet space in Vietnam.
Money can now be sent directly from Canada to a Vimo account in Vietnam. Because there are no fees for transfers above CAD 500 and Remitbee provides the best CAD to VND exchange rates, it is the best option for sending money from Canada to Vietnam. Here’s how it works:
Sign up for a Remitbee account on the app or on your browser.
Choose Vietnam as the destination country for your transfer.
Choose Mobile Top Up as your recipient's receiving method.
From the Mobile Top Up drop-down box, choose Vimo, then input the recipient's Vimo account number.
After entering the amount you want to send, select a transfer purpose from the drop-down box.
Choose your preferred payment option and follow the payment instructions to pay for the transfer.
Send the money transfer when you've double-checked the information you've provided and finished entering all your information.
Remitbee transactions are typically completed in minutes, or at most one business day. The recipient will receive a text message after the transfer is received, and they will be able to access the funds using their Vimo app. That's all there is to it!
Are you interested in learning more about Remitbee? Remitbee is regulated by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), a government agency. Read the testimonials of many satisfied customers who trust Remitbee's security procedures, which encrypt all data and transactions to protect your personal information. Remitbee will completely refund you if your money is not delivered for any reason. Sign up now to send money to Vietnam for free!
Get $20 for every successful referral while the referred person gets $10 towards their first transaction. Use your unique referral code to invite your friends and register with it. Once they send their first transfer of at least C$200 or exchange at least C$1,000, you’ll get C$20 credited to your RemitBee account. There is no limit on the number of referrals you can make so the earning potential is endless! So, keep referring and earning with RemitBee.
Yes, you can use Remitbee to send money from Canada to Vietnam.
For your convenience, Remitbee provides a variety of payment options. Interac e-transfer, credit or debit cards such as Visa and Mastercard, and online bill payment are all options.
The receiver will get it via Vimo and will be able to see it on the app. It usually takes one business day, but it might take as little as a few minutes.
The maximum limit you can send is determined by your verification level. The limits are up to 9,000 CAD per day and 50,000 CAD per month once you are verified, which is an easy process.
When transferring over 500 CAD to Vimo in Vietnam, Remitbee does not charge any fees. Here's how it works if you send less than 500 CAD:
Interac Online - $2.99
E-transfer - Free
Bill Payment - Free
Electronic Fund Transfer - Free
Visa or Mastercard Debit - $2.99+
The maximum amount you may send in VND is determined by the degree of verification. The levels are as set out here:
Verification Level 1 allows you to transmit up to 300 CAD per day and 600 CAD per month without presenting any documents for verification.
Verification Level 2 enables you to send up to 3,000 CAD daily and up to 25,000 CAD monthly.
Verification Level 3 lets you send 9,000 CAD daily and up to 50,000 CAD monthly.
We are also working on Level 4 verification to provide our clients even more sending capabilities. Keep in mind that verification is a one-time procedure. There is no need to submit any further documents after you have been confirmed.