Lotte Card Card to launch loans for affiliates in Vietnam

South Korea's Lotte Card said on Monday it will launch loans for affiliates in Vietnam.

Lotte Finance Vietnam, the Vietnamese corporation of Lotte Card signed an agreement with a local financial solution company Alliex and payment service firm Vnpt Epay to develop and expand credit and loan products for small businesses and franchises.  

The three companies plan to release a loan product for small businesses and franchises based on franchisee sales in the first half of next year.

Write to Mi-Hyun Jo at mwise@hankyung.com