VPBank, LOTTE C&F cooperate to provide financial service with “Buy now pay later” product

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.

Representatives of VPBank & LOTTE C&F sign the MOU

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 specialisedly 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.

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, 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 specialised 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, Shigemitsu Satoshi / Shin Yoo-yeol, CEO of LOTTE Financial Corporation Japan emphasised: “ 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.”