Webcash Global Signs Agreement with SOTATEK on Strategic Business Cooperation in Vietnam
25 July 2024 - 12:00PM
Business Wire
- Webcash Global and SOTATEK seek to promote strategic
business in Vietnam
- Expect to bolster its market position in the Vietnamese B2B
sector through the integration of electronic financial services
with SAP
Webcash Global Co., Ltd. (CEO Lee Sil-Kwon) announced on July
25th that it has signed an agreement with SOTATEK (CEO Luu Chung
Tuyen) to promote strategic business initiatives in Vietnam.
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Lee Sil-Kwon, CEO of Webcash Global Co.,
Ltd. (left) and Luu Chung Tuyen, CEO of SOTATEK (Photo: Webcash
Global)
The two companies held a signing ceremony on July 9 at SOTATEK’s
headquarters in Hanoi, Vietnam. It was attended by key officials,
including Lee Sil-Kwon, CEO of Webcash Global, and Luu Chung Tuyen,
CEO of SOTATEK.
The agreement aims to enhance business collaboration in Korea
and Vietnam by leveraging their respective fintech and IT
technologies. Under the deal, Webcash Global will develop business
and service models by offering opportunities for joint projects
based on SOTATEK's IT expertise. SOTATEK will integrate Webcash
Global's electronic financial services and B2B fintech solutions
with SAP to enable Webcash Global to enhance its business
competitiveness in Korea and Vietnam.
The two companies plan to work together on sales and marketing
to reach both current and new customers, aiming to combine their
strengths and benefit from the digital transformation in the B2B
fintech sector.
Webcash Global's electronic finance service is designed to offer
tailored services in Vietnam by integrating seamlessly with
internal corporate systems like SAP and various banks in the
country, allowing customers to receive precise real-time banking
information, such as bank account and corporate card transactions,
real-time transfers, and announced exchange rates.
Furthermore, Webcash Global aims to strengthen its position in
the Vietnamese B2B fintech market by integrating SOTATEK's SAP
technology with its major B2B fintech products, such as WABOOKS,
WeBill365, WeTax, and WeMBA.
Lee Sil-Kwon, CEO of Webcash Global, said, “We expect that the
deal will yield tangible results in the Vietnamese B2B fintech
market. Webcash Global will continue to pioneer the Vietnamese B2B
fintech market and expand its market presence through the
development of outstanding products.”
Webcash Global, responsible for the global business division of
Webcash Group, a company specializing in B2B fintech and SaaS, is
expanding its global footprint by establishing business
partnerships with various global companies such as Shinhan Vietnam
Bank, Woori Bank Vietnam, MIRACOM Inc., a subsidiary of Samsung
SDS, YoungLimWon, and BC Card.
SOTATEK, headquartered in Hanoi, is an IT development company
with global service capabilities and an operational presence in
seven overseas branches, including locations in Korea, Japan, and
the United States. In Korea, it serves the nation’s major
conglomerates such as Doosan Group and Shinsegae Group, as well as
leading platform companies with IT solutions, including Wesang LLC.
and Lemon Healthcare Co., Ltd.
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version on businesswire.com: https://www.businesswire.com/news/home/20240718118884/en/
[English, Vietnamese] Webcash Vietnam Mr. Tu (Marketing Manager)
+840836040797 tu.nguyen@webcashvietnam.com
[Korean] Webcash Vietnam Mr. Lee Jae Hwan (Director)
+84-28-7309-0404 jh.lee@webcashvietnam.com