F88 and KBank entered partnership

Tuesday, Feb 21, 2023 13:28

Phung Anh Tuan and Chatuporn Boozaya-Angool - General Director of KBank – HCM City Branch - signed the cooperation agreement. — Photo courtesy of F88

F88 Business Joint Stock Company (F88) has signed a strategic co-operation partnership with KASIKORNBANK PCL – HCM City branch (KBank) with an aim to increase financial inclusion to a broader segment of customers, including individuals and micro enterprises, providing access to credit with preferential interest rates.

The cooperation aligns with the direction of the Vietnamese Government and the State Bank of Viet Nam to advance financial inclusion by driving the adoption of digital financial services.

By leveraging their strengths and expertise, the two sides will develop products to deliver convenient and fast services to meet customers’ needs, providing the best financial solutions and experiences with quality services on both online and offline channels.

Phung Anh Tuan, Chairman of the Board of Directors and General Director of F88, said: “The vision of F88 is to become the leading micro-finance provider in Viet Nam. Currently, the Viet Nam market is in its infancy, but it will grow explosively in the next few years. By utilising KBank’s expertise in deploying comprehensive financial products in Thailand, we strongly believe that F88 will make a breakthrough in Viet Nam’s financial market through this collaboration.”

Chatuporn Boozaya-Angool, General Director of KBank – HCM City Branch, said: “KBank marks another key milestone in our journey after opening the first branch in Viet Nam in 2021, and we aim to offer fully-fledged ‘digital product solutions’ to all of customer segments. We will leverage our financial expertise and experience of 77 years in Thailand and capitalise on our technological capabilities to satisfy customers. We strongly believe that the partnership with F88, the leading micro-finance player in the market, will be a significant step for KBank to enhance additional capabilities in fulfilling our mission to broaden access to financial services to the underserved population in Viet Nam.”

Established in 2013, F88 is the fastest-growing financial service company in Viet Nam providing financial inclusion to underbanked people and micro businesses (micro-SMEs), who are excluded from financial institutions.

Founded in 1945, KBank has a wide business network and strategic partners in Thailand and the ASEAN Economic Community+ 3. — VNS

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