LienVietPostBank and Woori Bank Viet Nam on Wednesday signed a memorandum of understanding (MoU) in payment co-operation in Ha Noi.

Under the MoU, LienVietPostBank will provide financial products and services to meet Woori Bank Viet Nam’s demand, in terms of Vi Viet e-wallets, insurance collection services and agencies for Woori Bank Viet Nam during money transfer from foreign countries.

The two banks expected to offer customers good products and services, taking advantage of their wide network nationwide. In addition, the co-operation would improve business results and the brand name of the two banks in the time to come.

Woori Bank Viet Nam also committed to give priority to use and introduce LienVietPostBank’s products and services to its customers.

Woori Bank Viet Nam is an entirely foreign-invested bank in Viet Nam of South Korean Woori Bank.

Founded in 1899 in Seoul, Woori Bank is one of the leading investment banks in Asia and the largest lender by assets in South Korea. It has transaction offices in Ha Noi, HCM City and Bac Ninh.

LienVietPostBank’s e-wallet was launched in August 2016. It could implement online payments of invoices, services and money transfers safely and quickly.

It is expected that by the end of this year, the e-wallet would have at least 2 million users and 10,000 locations accepting payments through the e-wallet. — VNS