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Webcash Global & Woori Bank Vietnam team to boost Vietnamese businesses

By Gloria Mathias

July 24, 2024

  • B2B FinTech
  • Electronic Financial Services
  • Fintech news
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Woori Bank, Webcash global, Fintech News, B2B Fintech, Fintech Solutions, FinTechj APAC, Electronic Financial Services, Vietnam, vietnam Businesses, Webcash Global has announced that it has launched an Electronic Financial Service in collaboration with Woori Bank Vietnam.

The launch builds on the MOU signed in April between the two companies, aiming to boost operational efficiency for Vietnamese enterprises. Webcash Global introduced a unified service that offers access to Woori Bank Vietnam’s financial information and General Department of Taxation data through a streamlined connection.

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 centre.

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 electronic financial services, by automating fund flows and business processes, will maximize work efficiency and drive business innovation for Vietnamese firms.

Webcash Global CEO 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.”

Woori Bank, CEO, Park Jong-il, shared, “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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