Webcash Global, BC Card Vietnam partner on B2B fintech

Webcash Global, an affiliate of South Korea's Webcash Co., announced on Tuesday that it has recently signed a business agreement with BC Card Vietnam, the local subsidiary of BC Card, to jointly promote a B2B fintech service business in Vietnam.

Webcash Global is responsible for the global business sector of WebCash Group, which specializes in B2B fintech and software-as-a-service (SaaS).

Through this agreement, the two companies plan to link BC Card Vietnam's payment solutions with Webcash Global's B2B fintech service WeTax to conduct joint business.

In addition to WeTax, they plan to integrate several other B2B fintech products, such as WABOOKS, WeBill365, and WeMBA, to increase synergy effects.

Vietnamese government policies back the collaboration between BC Card Vietnam and Webcash Global.

In May last year, the Vietnamese government announced the nationwide expansion of electronic invoicing via point-of-sale (POS) systems following a successful pilot program.

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