Lotte Finance Vietnam signs MOU with Vietnamese e-commerce company Tiki
![Tran Ngoc Thai Son, left, CEO of Tiki, and Kim Jong-geuk, CEO of Lotte Finance Vietnam, signed a memorandum of understanding on BNPL services on Wednesday. [LOTTE CARD]](https://koreajoongangdaily.joins.com/data/photo/2022/08/25/6a5e09c5-a337-4d8e-b7df-219f06bcc4e2.jpg)
Tran Ngoc Thai Son, left, CEO of Tiki, and Kim Jong-geuk, CEO of Lotte Finance Vietnam, signed a memorandum of understanding on BNPL services on Wednesday. [LOTTE CARD]
Lotte Finance Vietnam, a subsidiary of Lotte Card, signed a memorandum of understanding (MOU) with Vietnam’s e-commerce company Tiki to introduce the buy now, pay later (BNPL) service to the Vietnamese market, said the company on Thursday.
Tiki is Vietnam’s e-commerce marketplace with over 20 million users.
The service will be released in the latter half.
“The business agreement marks the beginning of the partnership between two companies, and in the long run a synergy between Korean finance and Vietnam’s e-commerce business,” said Kim Jong-geuk, CEO of Lotte Finance Vietnam.
BY CHO JUNG-WOO [cho.jungwoo1@joongang.co.kr]
with the Korea JoongAng Daily
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