Webcash Global and Woori Bank Vietnam Launch an Electronic Financial Service to Empower Vietnamese Businesses
July 22 2024 - 10:00PM
Business Wire
- The launch builds on the MOU signed in April between the two
companies, aiming to boost operational efficiency for Vietnamese
enterprises
- Introduces a unified service that offers access to Woori
Bank Vietnam's financial information and General Department of
Taxation data through a streamlined connection
Webcash Global Co., Ltd. (CEO Lee Sil-Kwon) announced that it
has launched an Electronic Financial Service in collaboration with
Woori Bank Vietnam (CEO Park Jong-il).
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Webcash Global and Woori Bank Vietnam
launch the Electronic Financial Service in a joint effort. Woori
Bank Vietnam CEO Park Jong-il (left) and Webcash Global CEO Lee
Sil-Kwon (Photo: Webcash Global)
The two companies held a ceremony to celebrate the launch on
July 9 at the Lotte Hotel in Hanoi. It was attended by 30 key
officials, including Lee Sil-Kwon, CEO of Webcash Global Co., Ltd.;
Park Jong-il, CEO of Woori Bank Vietnam; Choi Joo-ho, Head of
Samsung Electronics Vietnam Branch; Sang-ki Yoon, Finance Minister
of the Embassy of the Republic of Korea in Vietnam; and Joo
Seong-woo, Director of the Financial Supervisory Service.
The Electronic Financial Service, developed by the two companies
to innovate financial services for Vietnamese corporate customers,
is the fruitful result of the MOU signed in April between Webcash
Global and Woori Bank Vietnam.
The service features a real-time connection between the
company's internal systems and Woori Bank Vietnam to enable
customers to access the bank's financial information, including
bank account and corporate card transaction details, real-time
transfers, and exchange rates.
Corporate customers can obtain comprehensive financial
information from Woori Bank Vietnam, as well as General Department
of Taxation data, through a single integration with Webcash
Global's electronic financial service center.
Depending on the size of the company implementing the service,
the two companies also plan to offer B2B fintech platforms, such as
△ WeBill365, an easy billing and payment solution, △ WABOOKS, a
Vietnam-specific expense management solution, and △ WeTax, an
electronic tax invoice issuance solution.
Both companies expect that the electronic financial services
will maximize work efficiency and drive business innovation for
Vietnamese firms by automating fund flows and business
processes.
Lee Sil-Kwon said, "This launch marks a historic milestone for
Webcash Global, showcasing our exceptional B2B fintech technology
in the Vietnamese market. Developed with a focus on customer
feedback, the service promises to revolutionize work processes for
Vietnamese business managers."
Park Jong-il said, "In partnership with Webcash Global, we're
committed to delivering convenient and innovative electronic
financial services to Vietnamese corporate customers. As a
comprehensive financial solution provider, we'll ensure reliable
support for their needs."
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[English, Vietnamese] Webcash Vietnam Mr. Tu, Marketing Manager
+84 836040797 tu.nguyen@webcashvietnam.com
[Korean] Webcash Vietnam Mr. Lee Jae Hwan, Director
+84-28-7309-0404 jh.lee@webcashvietnam.com