MOL AccessPortal Sdn. Bhd. (MOL) yesterday announced that the company has acquired 50 per cent stake in Vietnam’s NganLuong Joint Stock Company (NganLuong), an online payment unit of PeaceSoft Solutions Corporation (PeaceSoft). PeaceSoft is the pioneer and leading e-commerce player in Vietnam.
The joint venture agreement has made MOL and PeaceSoft jointly operate the country’s first online payments and escrow platforms together with other related e-payments services in Vietnam.