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The announcement of UOB - TIKI partnership: UOB be with TIKI merchants
UOB Vietnam and TIKI Co. Ltd. have officially announced the partnership in offering the unsecured loans – UOB BizMerchant to the merchants on TIKI platforms with the aim at extending the comprehensive financial supports in Ecommerce sector.
The Vietnam ecommerce is getting boundless to be the most preferred channel among numerous merchants. Ecommerce is now not only diversified in operation models, processes and participants in supplying goods and services accompanied by the development of Internet infrastructure and modern technological adoption, but also outreach to more opportunities in access to various financial services such as cashless payment, credit assistance, etc.
In the pursuit of facilitating the seamless access to financial services via digital platforms; meanwhile, stimulating the extension of credit lines at the most favorable interest rates to merchants; as well as utilizing the competencies of each other to optimize the product proposition and experience to fulfill diverse client’s needs, UOB Vietnam and The Digital Insurance and Financial service platform Tiki360 (belonged to TIKI Co. Ltd.) are in pleasure to introduce the unsecured loan – UOB BizMerchant initiated for merchants on the platform Tiki.vn.
The UOB BizMerchant unsecured loan is offered to individual merchants and businesses currently operating in ecommerce platforms belonged to the partnership ecosystem of UOB Vietnam that extends the unsecured limits to VND1.6 billion quoted at the best-in-class competitive interest rates from 16.7% pa (*), which critically matches the working capital funding needs of merchants from time to time.
The partnership of UOB Vietnam and Tiki360 is to assist TIKI merchants in access to the unsecured loan UOB BizMerchant right on TIKI platform, which is the pioneering funding solution with the speedy and simplified disbursement procedures enhanced with diverse outstanding benefits such as waive of collateral requirements and rating based on sales turnover on TIKI platform.
The United Overseas Bank (Vietnam) has officially signed the Memorandum of Understanding (MOU) of the Partnership with TIKI Co. Ltd. with the mission of being close and committed to support the online merchants in capturing business opportunities.
Having acknowledged as one of the largest ecommerce platforms in Vietnam, kickstarted from an online selling website for English books, fueled with many funding rounds from various Capital Ventures and conglomerates, TIKI has become the multi-owned corporation and the preferred one among the leading ecommerce platforms in Vietnam. Tiki has been recognized for Vietnam Top 1 best workplaces 2018 within the Internet/Ecommerce sector (nominated by Anphabe), Asia Top 50 best workplaces 2018 (by HR Asia). Tiki is not only appreciated in distributing high-quality goods and services but also leading in superior support network to merchants for the greatest and seamless experience to it clients across the country.
Specially, to celebrate the partnership, Tiki360 (The Digital Insurance and Financial service platform of TIKI) and UOB Vietnam are pleased to introduce the First-month interest refund program up to VND3 million for TIKI merchants with the soonest disbursement of UOB BizMerchant unsecured loans. Please find the program in details here.
(*) The interest rate is applicable as of 03 Apr 2023 and subject to change of terms and conditions from time to time.
