Business Daily Media

Men's Weekly

.

VPBank in cooperation with LOTTE C&F to support customers in "Buy now, pay later"

HANOI, VIETNAM - Media OutReach Newswire - 1 October 2024 - On 27th September, Vietnam Prosperity Joint Stock Commercial Bank (VPBank) and LOTTE C&F Vietnam Co., Ltd held a ceremony for signing MOU.

This is an important milestone, opening up a new prospect to help both parties optimize theirs resources, promoting sustainable growth; simutaneously bringing flexible, economical and effective consuming finance solutions to LOTTE customers.

Representatives of VPBank & LOTTE C&F signed the MOU
Representatives of VPBank & LOTTE C&F signed the MOU

After signing the MOU, VPBank and LOTTE C&F Vietnam will coordinate with each other to make smart finance products to enhance the customer experience and increase prosperity value for all Lotte's loyal customers. Specifically, VPBank and LOTTE C&F Vietnam will issue co-branded cards and Buy Now Pay Later products for Lotte customers. With this card line, the customers are entitled to enjoy the purchasing and consuming privilege with addition of the product of "buy now pay later" to enhance their financial capacity.

Moreover, VPBank and LOTTE C&F focus on providing finance solutions specializedly used for technology platform and ecosystem of two corporates. VPBank and LOTTE C&F shall deploy to integrate functions such as account services, virtual credit cards and digital functions basing on digital platform of LOTTE C&F, thus bringing such a modern, clear and convenient payment transaction to the customers.

The event of signing cooperation between VPBank and LOTTE C&F is also a premise so that the two corporates can exploit their strenght at most, thus their upraising competent positions in the market. Accordingly, VPBank shall provide a comprehensive finance solution for fostering sustainable resoures to help enterprises in Lotte Ecosystem in Vietnam fullfill their strategy objectives. LOTTE C&F will connect, assist to promote finance service products of VPBank for Lotte's susidiaries in Vietnam, thus helping the bank to enlarge its operation network, promoting the scope of market size increasing within FDI customers' management.

Speaking at the ceremony, Mr. Kamijo Hiroki – Deputy CEO of VPBank affirmed: "As a multi-funtional bank leading in terms of innovative implementation capacity and value creation through comprehensive financial soultions with combined strength of the ecosytem and application of advance technology, VPBank believes that VPBank will bring specialized and outstanding financial products and services to Lotte customers. Signing MOU with LOTTE C&F is one of VPBank strategies to develop FDI customers and to work together for implementing business strategies of the two parties, thus creating synergy and bring more prosperous values to enterprises and customers."

Speaking at the cooperation event, Mr. Shigemitsu Satoshi / Shin Yoo-yeol – CEO of LOTTE Financial Corporation Japan emphasized: "We are developing a deferred payment utility and giving efforts to support subsidiaries of LOTTE Corporation to contribute to Vietnam society. In the future, we would like to build a business ecosystem promoting the cooperation with many sales partners. In order to expand the ecosystem, we are approaching to Vietnam, Japan and Korea Companies besides LOTTE Corporation's subsidiaries. We would like to provide customers with our services through this ecosystem toghether with VPBank- a bank with high expertise in personal finance and digital financial services. So that, LOTTE C&F believes that this is the suitable partner for us."

The signing of the MOU with LOTTE C&F belongs to VPBank's development strategy for the FDI customer segment. In the context that FDI capital flows constantly increase and forecasted to increase sharply in the upcoming time, VPBank has identified that FDI shall be a potential customer group with high growth prospects. As the bank with a leading charter capital in Vietnam and an ecosystem spanning from consumer finance, securities to insurance with a modern technology platform, VPBank is holding many advantages to bring comprehensive and superior financial products to optimally meet the demands of the FDI customer group. One of the typical products designed specifically for VPBank's FDI customers is Supply Chain Finance, providing financial solutions for the supply chain including distributors and suppliers of key international customers (Anchor Clients). This is VPBank's outstanding strength with over 10 years of implementation experience based on technical advice and accompany from the international financial organization IFC.



Hashtag: #VPBank

The issuer is solely responsible for the content of this announcement.

News from Asia

ANDPAD Launches Vietnamese Language Support for its Cloud-Based Construction Project Management Service

Expanding Multilingual Support for Global Users TOKYO, JAPAN - Media OutReach Newswire - 26 June 2025 - ANDPAD Inc. (Head Office: Chiyoda-ku, Tokyo; CEO: Takeo Inada; hereinafter ANDPAD), which op...

Changhong Unveils Smart Living Innovations at 2025 Jakarta Expo, Bringing AI-Driven Appliances to Indonesian Homes

Exclusive Shopee partnership brings cutting-edge smart living technology to Indonesian consumers JAKARTA, INDONESIA - Media OutReach Newswire - 24 June 2025 - Changhong, a global leader in smart ...

Malaysia Launches Full-Scale Startup ASEAN Platform To Drive Regional Growth

PUTRAJAYA, MALAYSIA - Media OutReach Newswire - 26 June 2025 - Malaysia today launched the Startup ASEAN platform, marking the full-scale rollout of a bold, unified digital gateway to connect and e...

Hong Kong Civil Claim Centre Launches Free Work Injury Compensation Calculator

HONG KONG SAR - Media OutReach Newswire - 26 June 2025 - The Hong Kong Civil Claim Centre (hkcivilclaim.com) has officially launched a brand-new online feature: the Work Injury Compensation Calcu...

Deleted

This Press release has been killed

SiegFund Transforms into SiegPath: A Strategic Rebrand Paving the Way for the Future of Professional Trading

HONG KONG SAR - Media OutReach Newswire - 24 June 2025 - SiegFund, a fintech–driven proprietary trading platform, has officially completed its brand upgrade and will now operate as SiegPath, serv...

Plaza 66’s Pavilion Extension Tops Out, Opening in Second Half of 2026

Expanding Retail Space by 13% to Boost the New Consumption Economy in Shanghai HONG KONG SAR & SHANGHAI, CHINA - Media OutReach Newswire - 26 June 2025 - Hang Lung Properties Limited (SEHK sto...

New EcoFood@Mandai Development Offers Tailored Food Factory Spaces in the North

SINGAPORE - Media OutReach Newswire - 26 June 2025 - A new food factory hub, EcoFood@Mandai, has officially launched in Singapore’s northern region, bringing purpose-built factory units to a wide ...

GREE Opens Singapore Office to Drive Asia-Pacific Expansion with World-Class Air Conditioning Technologies

SINGAPORE - Media OutReach Newswire - 26 June 2025 - Global electronics manufacturer GREE has officially launched its Singapore branch, marking a key milestone in its expansion in Southeast Asia. ...

HONMA Golf Announces Annual Results for FY2024/25

Continued Gross Profit Margin and Net Operating Cash Flow improvements albeit difficult market conditions HONG KONG SAR - Media OutReach Newswire - 26 June 2025 - HONMA Golf Limited ("HONMA"; tog...

Demand for Home Batteries surges as Federal Rebate Kicks In

A leading provider of energy solutions VoltX Energy has seen a 400% increase in demand for home batteries in the past three weeks as people put d...

Why Sport Remains the Safest Bet in an Uncertain World

When Rome was in crisis, its leaders did not retreat to the Senate. They went to the circus. To the chariot races. To the gladiators. Sport was no...

THE FINE LINE WITHIN HILARIOUS SIGNAGE DESIGN FAILS

It seems like design failures still occur in today’s modern branding era, despite rigorous rounds of approvals behind the scenes. One signage show...

Deputy Announces Exclusive Global Partnership with Predelo to Bring AI to Shift-Based Businesses

Deputy, the global people platform for shift-based businesses, has announced an exclusive partnership with Predelo, an AI Decision Agent-as-a-Serv...

Leftover Budget? The Last-Minute EOFY Tip to Drive Business Success in FY25/26

The countdown is on. With just days left until EOFY, now’s the time to make your remaining 2024–2025 budget work harder and smarter. After workin...

pay.com.au appoints new CEO and Managing Director

The former COO will lead the company’s next growth phase, with ex-CEO Edward Alder transitioning into the role of Managing Director AUSTRALIA, 25...

Sell by LayBy