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South Korean credit card company, Vietnam's LienVietPostBank sign MOU

South Korea's BCcard Co. Ltd. signed a memorandum of understanding with LienViet Post Joint Stock Commercial Bank, or LienVietPostBank, as it looks to expand its presence in the Vietnamese payment service market, The JoongAng Ilbo reported.

Under the MOU, the South Korean credit card company will participate in LienVietPostBank's digital banking and mobile payment platform development. Further, the two companies will cooperate on the rollout of credit card services using digital technology.