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Monday, July 22, 2024

F88 strikes strategic deal with KBank

By Le Hoang

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HCMC – F88 Business JSC (F88) signed a strategic cooperation partnership with Kasikornbank PCL-HCMC Branch (KBank) to increase financial inclusion to a broader segment of customers, including individuals and micro businesses, providing access to credits with preferential interest rates.

This partnership also aligns with the direction of the Government and the State Bank of Vietnam to advance financial inclusion by driving the adoption of digital financial services.

Under the deal, both sides will deliver convenient and fast services to meet customers’ needs.

Phung Anh Tuan, board chairman and general director of F88, said, “The vision of F88 is to become the leading micro-finance provider in Vietnam.”

He added that by using “KBank’s expertise in deploying comprehensive financial products in Thailand, we strongly believe that F88 will make a breakthrough in Vietnam’s financial market through this collaboration.”

With a network of 830 branches nationwide and the figure expected to exceed 1,000 facilities in 2023, F88 is a provider of secured lending and other utility financial services in the market with a deep understanding of the underbanked population and micro businesses.

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