Vietnamese payment platform Zalopay and digital bank Cake by VPBank announced Tuesday a comprehensive cooperation agreement, officially integrating Cake’s key financial products right on the Zalopay application.
Zalopay said in a statement that this comprehensive cooperation not only brings a series of utilities such as opening Cake credit cards, quick loans, and savings deposits, but also contributes to expanding access to safe, practical, and easy-to-use digital financial products to tens of millions of users nationwide.
With more than 16 million users, Zalopay is not only a digital payment platform but also acts as a bridge between users and banking services in general.
Through this integration, financial products that are typically specialized by banks such as credit cards, consumer loans or online savings from Cake have now become more accessible and suitable for daily use – especially for young customers who love technology and convenience.
To make that happen, Zalopay and Cake have coordinated and deeply applied modern financial technology, including artificial intelligence (AI) to optimize the entire process – from registration to approval and disbursement.
Thanks to that, users can quickly access personalized financial products, suitable for their own conditions and needs after just a few minutes of operation right on the phone.
“The cooperation with Zalopay reflects the common vision and commitment of the two units in enhancing the digital financial experience for Vietnamese users,
“Through this cooperation, tens of millions of users will easily access useful and safe financial solutions, contributing to the growth of the two parties’ scale of operations, while actively contributing to the national financial inclusion strategy,” said Nguyen Huu Quang – General Director of Cake by VPBank Digital Bank.
Meanwhile, Tran Ba Khoi Nguyen – Deputy General Director of Zalopay, emphasized that the firm always aims to become a comprehensive, simple and accessible financial touchpoint for all users.
“Cooperating with Cake helps us expand the digital financial ecosystem, bringing smart payment, consumption and accumulation experiences,
“We believe that with the similarity in innovation and technology thinking, Zalopay and Cake will together create optimal financial solutions, bringing long-term and sustainable value to users,” he added.
The cooperation event between Zalopay and Cake marks a new step in the journey of connecting fintech and digital banking, bringing a more transparent, convenient and popular financial experience to Vietnamese users in the context of increasingly strong digital transformation, said the statement.