TOKYO -- South Korean payment servicer Alliex has partnered with Vietnam's central bank to develop a cashless payment network accessible to banks and retailers, helping the country's broader effort to move away from a cash-based economy.
The system could become operational next year and will be expanded over five years with an investment of $700 million. In addition to the State Bank of Vietnam, Alliex will also work with major Vietnamese lenders VietinBank and SacomBank to promote cashless payments.
