MOL Grabs 50 Percent Stake In NganLuong For Vietnamese ePayments

By PYMNTS | April 23, 2013

MOL has purchased a 50 percent stake in NganLuong, an ePayments company based in Vietnam, reports The Paypers.

NganLuong operates through a wallet platform that includes payments, escrow, airtime and credit card processing capabilities. The Paypers notes that ePayments have been slow to take off in Vietnam to this point, as cash is still generally the preferred method of transaction.