Webcash Global Inks MOU with CyberLogitec Vietnam to Expand B2B Fintech Solutions

SEOUL, South Korea--(BUSINESS WIRE)--Nov 17, 2025--

Webcash Global (KOSDAQ: 053580, CEO Lee Sil-kwon) announced that it has signed a Memorandum of Understanding (MOU) with CyberLogitec Vietnam, a subsidiary of CyberLogitec (CEO Song Young-kyu), to expand its B2B fintech business in Vietnam.

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Under the agreement, the two companies will leverage their technological expertise and industry networks to accelerate digital transformation in financial, logistics, and operational processes for Vietnamese companies.

The collaboration will focus on creating an integrated platform that connects Webcash Global’s corporate financial solutions with CyberLogitec Vietnam’s specialized ERP systems for shipping, logistics, ports, and manufacturing. By synchronizing these technologies, the companies aim to provide real-time visibility and control over key management functions—including cash flow, inventory, transportation, and taxation—empowering local companies to manage both financial and logistics data seamlessly within a single system.

The focus of Webcash Global will be on integrating its suite of financial solutions, including,

CyberLogitec Vietnam will leverage its ‘OPUS’ and ‘ALLEGRO’ solution series, which cover the full logistics and supply chain spectrum from shipping and terminals to forwarding and warehousing, together with its manufacturing ERP and Global Development Center (GDC) capabilities, to enhance overall operational productivity for corporate clients.

Through this partnership, the two companies aim to digitalize the accounting and tax processes of local enterprises, which have traditionally relied on manual operations, while strengthening data-driven decision-making frameworks. As a result, Vietnamese companies can expect greater accuracy and transparency in managing both financial and operational activities.

Lee Moon-young, Head of CyberLogitec Vietnam, said, “The synergy between Webcash Global’s fintech solutions and our logistics and ERP technologies will create a new business model that enables clients to simultaneously optimize their financial and operational management. We will continue this collaboration to strengthen competitiveness and drive digital innovation for Vietnamese companies.”

Lee Sil-kwon, CEO of Webcash Global, stated, “Through our partnership with CyberLogitec Vietnam, a leading logistics and ERP company, we have established a new business environment that enables Vietnamese enterprises to seamlessly integrate financial management, taxation, and logistics operations. Beyond mere system integration, the agreement represents a key opportunity to drive innovation in Vietnam’s B2B fintech market.”

From left, Lee Sil-kwon, CEO of Webcash Global, and Lee Moon-young, Head of CyberLogitec Vietnam, during the MOU signing ceremony (Photo: Webcash Global)

COTONOU, Benin (AP) — A coup that was announced in Benin on Sunday has been “foiled,” the interior minister said in a video on Facebook.

“In the early morning of Sunday, Dec. 7, 2025, a small group of soldiers launched a mutiny with the aim of destabilizing the state and its institutions,” Alassane Seidou said.

“Faced with this situation, the Beninese Armed Forces and their leadership, true to their oath, remained committed to the republic.”

Earlier, a group of soldiers had appeared on Benin ’s state TV Sunday to announce the dissolution of the government in an apparent coup, the latest of many in West Africa.

The group, which called itself the Military Committee for Refoundation, announced the removal of the president and all state institutions. Lt. Col. Pascal Tigri has been appointed president of the military committee, the soldiers said.

Following its independence from France in 1960, the West African nation witnessed multiple coups, especially in the decades following its independence. Since 1991, the country has been politically stable following the two-decade rule of Marxist-Leninist Mathieu Kérékou.

There has been no official news about President Patrice Talon since gunshots were heard around the presidential residence. The signal to state television and public radio was cut off after the military announcement.

Talon had been in power since 2016 and was due to step down next April after the presidential election.

Talon’s party pick, former Finance Minister Romuald Wadagni, was the favorite to win the election. Opposition candidate Renaud Agbodjo was rejected by the electoral commission on the grounds that he did not have sufficient sponsors.

In January, two associates of Talon were sentenced to 20 years in prison for an alleged 2024 coup plot.

Last month, the country’s legislature extended the presidential term of office from five to seven years, keeping the term limit at two.

The coup is the latest in a string of military takeovers that have rocked West Africa. Last month, a military coup in Guinea-Bissau removed former President Umaro Embalo after a contested election in which both he and the opposition candidate declared themselves winners.

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Adetayo reported from Lagos, Nigeria.

FILE - Benin's President Patrice Talon attends a meeting with Brazilian President Luiz Inacio Lula da Silva at Planalto presidential palace in Brasilia, Brazil, on May 23, 2024. (AP Photo/Eraldo Peres, File)