Malaysian company takes stake in VN’s top e-payment firm
Malaysia’s e-payment services provider, MOL AccessPortal Sdn Bhd, has
joined an agreement with pioneering Vietnamese e-commerce group,
PeaceSoft Solutions Corp, to acquire a 50 percent stake in Ngan Luong
Joint Stock Co., one of the leaders in e-payment in Vietnam.
Malaysia’s e-payment services provider, MOL AccessPortal Sdn Bhd, has
joined an agreement with pioneering Vietnamese e-commerce group,
PeaceSoft Solutions Corp, to acquire a 50 percent stake in Ngan Luong
Joint Stock Co., one of the leaders in e-payment in Vietnam.
Under the agreement, MOL and PeaceSoft will jointly operate one of Vietnam 's first online payments, together with other related e-payment services in the country, according to Malaysian National News Agency (Bernama).
The news agency quoted MOL Global Group chief executive officer Ganesh Kumar Bangah as saying in a statement that Vietnam is one of the largest Internet markets in Southeast Asia , with over 31 million users.
Opportunities for e-commerce and e-payment growth in Vietnam are great, given the rapid adoption of mobile devices and Internet usage, he said.
Meanwhile, PeaceSoft Group president and chief executive officer Nguyen Hoa Binh said this is an excellent combination as MOL could bring its global network of merchants to Vietnam .
"This also gives an opportunity to Vietnamese merchants and publishers to sell their products directly to over 12 markets through MOL's growing payment network,” he added.-VNA
Under the agreement, MOL and PeaceSoft will jointly operate one of Vietnam 's first online payments, together with other related e-payment services in the country, according to Malaysian National News Agency (Bernama).
The news agency quoted MOL Global Group chief executive officer Ganesh Kumar Bangah as saying in a statement that Vietnam is one of the largest Internet markets in Southeast Asia , with over 31 million users.
Opportunities for e-commerce and e-payment growth in Vietnam are great, given the rapid adoption of mobile devices and Internet usage, he said.
Meanwhile, PeaceSoft Group president and chief executive officer Nguyen Hoa Binh said this is an excellent combination as MOL could bring its global network of merchants to Vietnam .
"This also gives an opportunity to Vietnamese merchants and publishers to sell their products directly to over 12 markets through MOL's growing payment network,” he added.-VNA
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