Representatives of VPBank and LOTTE C&F at the LOTTE FLEX launch event - Photo: VGP/HT
LOTTE FLEX - Modern financial solution, integrated at point of sale
Vietnam Prosperity Joint Stock Commercial Bank (VPBank) and LOTTE C&F Vietnam Company Limited have just held a ceremony to announce and launch the consumer finance product LOTTE FLEX.
LOTTE FLEX is a product in the strategic cooperation chain between VPBank and LOTTE C&F, aiming to bring a fast, flexible and convenient financial experience to modern consumers. Accordingly, customers only need to register and identify themselves online on the LOTTE C&F application to be granted a credit limit without having to assess relatives or provide documents proving income. The entire approval process takes place 100% online, taking only about 30 seconds.
LOTTE FLEX provides a credit limit of 8 to 20 million VND, allowing users to choose flexible installment terms: 1, 2, 3, 6 or 12 months. The 0% interest rate and late payment fee of only 30,000 VND/period help customers easily access financial services without the pressure of costs. The granted limit can be used for online payment or QR code scanning at LOTTE retail systems such as LOTTE Mall Tay Ho, LOTTE Center Hanoi and the entire LOTTE Mart chain nationwide.
LOTTE FLEX "Fun now - pay later", flexible and smart consumer finance product
Strengthening banking - retail connections, expanding digital ecosystem
Sharing at the event, Mr. Nguyen Chi Hien - Deputy General Director of VPBank's Personal Customer Division said: LOTTE FLEX is a smart consumer finance solution, giving customers initiative in spending.
"This is also a step that demonstrates VPBank's orientation in expanding the personal financial ecosystem, creating more added value for customers . We believe that this cooperation will create an effective integrated model between the financial and retail sectors, contributing to expanding scale and increasing competitiveness in the market," said a VPBank representative.
LOTTE C&F representative, Mr. Inaishi Noritaka emphasized: This cooperation with VPBank not only enhances customers' shopping experience, but also opens up opportunities to deploy financial solutions associated with actual spending behavior, suitable to the needs and habits of Vietnamese consumers.
LOTTE FLEX is considered to be in line with the strong transformation trend in the consumer finance sector in Vietnam - from traditional loan forms to integrated credit support solutions at the point of sale. In particular, the "buy now - pay later" model is increasingly popular among young Vietnamese people, promoting modern, convenient and cashless consumption.
VPBank and LOTTE C&F said they will continue to expand cooperation in the coming time with new products such as co-branded cards, digital banking applications, e-wallets, digital payment gateways, etc. to create more value for customers in the common ecosystem.
LOTTE C&F is a cooperation application between LOTTE Group Japan and Korea, with the goal of developing an advanced "Buy now - Pay later" payment solution, optimizing the lifestyle of Vietnamese people and promoting a cashless economy .
Users can experience the "LOTTE C&F - Buy Now Pay Later" application at smartphone app stores.
Mr. Minh
Source: https://baochinhphu.vn/vpbank-bat-tay-doi-tac-ra-mat-lotte-flex-102250714171320622.htm
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