Specifically, for two consecutive years, ABBANK has maintained the ratio of international payment gateways meeting standards through the Wells Fargo system at over 99.9%, far exceeding the standard threshold of 95% - the minimum threshold for consideration for awards. This achievement is a clear demonstration of ABBANK's accurate and efficient operations and strict compliance with international practices in the field of international payments.
Mr. Lai Tat Ha - Deputy General Director of ABBANK shared: The award is not only a recognition of the positive and specific results that ABBANK has achieved, but also a motivation for the bank to continue to be steadfast in the strategy of modernizing the payment system, investing in technology and standardizing processes according to international standards. This award reflects ABBANK's spirit of continuous improvement, wishing to always bring practical, safe and effective value to corporate customers in the context of increasingly deep integration."
Wells Fargo is the top 3 bank in the US in terms of asset value, operating in more than 40 countries and serving millions of global corporate customers. The Excellent International Payment Quality award presented by Wells Fargo is considered one of the prestigious standards in the international financial industry, to honor financial institutions with outstanding payment gate operation capabilities, compliance with SWIFT standards and automatic processing (STP - Straight Through Processing) with high accuracy.
Previously, in November 2024, ABBANK was also honored by JP Morgan Chase Bank with the award "Excellent International Payment Power Quality 2024", when achieving a high standard payment dien rate. Continuously receiving awards from prestigious global financial institutions is a testament to the increasingly consolidated position and professional capacity of the international payment sector.
Currently, with more than 32 years of experience in international payments, foreign exchange trading and trade finance, ABBANK is cooperating with more than 350 agents in 75 countries and territories. The bank offers a diverse product portfolio, including: mobile capital financing; UPAS L/C; document discounts; issuance and confirmation of L/C; guarantee, reissuance of L/C...
In the coming time, ABBANK will continue to adhere to the goal of expanding global connectivity, enhancing the application of technology in operations, and at the same time developing comprehensive financial solutions to accompany the Vietnamese business community on the journey of integration and sustainable development.
