Be Group ties up with VPBank to launch digital bank Cake in Vietnam

Vietnamese ride-hailing startup Be Group has joined hands with Vietnam Prosperity Bank (VPBank) to roll out the digital bank Cake.

Cake claims its online know-your-customer (KYC) system would enable users to utilise digital signatures to verify their transactions.

With services hosted on the Be app through VPBank’s digital banking license, Be claims Cake will have access to over 10 million customers, nearly a third of the Vietnamese ride-hailing market.

Read more: e27