SANTA MONICA, Calif.--(BUSINESS WIRE)--GlobeOne, today announced an addition to its global network of bank members with a Letter of Intent with Eximbank, which will bring GlobeOne’s mobile banking solution to Vietnam later this year. GlobeOne plans to provide access through a mobile platform to a suite of financial services offered by Eximbank in Vietnam, including domestic and international transfers to individual members throughout GlobeOne’s growing global network.
“This is a critical time for the financial services sector in Vietnam and around the world,” said Michael Wolper, GlobeOne member and Chief Marketing Officer. “The opportunity to partner with Eximbank is a major step in connecting Vietnam consumers with the financial services that are critical to helping them achieve their financial goals.”
GlobeOne’s innovative platform will soon be available to individual members in Vietnam. The service will offer access to a no-minimum demand deposit account with debit card, a security savings account, a line of credit, and access to the global income-building SocialBoost™ program, which gives individual members the opportunity to earn a new income stream while helping those who need it most. Individual members in Vietnam will also benefit from domestic and international transfers to other individual members throughout the growing global network.
GlobeOne expects to launch in the United States, Mexico and Vietnam in the fourth quarter of 2015, and it will expand its integrated global network as new banking partners are secured around the world.
“In recent years, Vietnam has made tremendous strides in building access to financial services that are essential to helping people meet their goals,” said Pham Huu Phu, CEO of Eximbank. “We are pleased to have the opportunity to partner with GlobeOne to continue our work to make financial services accessible to people throughout Vietnam.”
GlobeOne recently announced a Letter of Intent with MetaBank in the United States, and partnerships with InvestaBank and Bankaool in Mexico to bring its global mobile banking solution to consumers in Mexico.
About GlobeOne
GlobeOne is a fintech company providing an innovative platform for a global community of networked bank members, corporate members, and individual members. GlobeOne’s digital ecosystem offers a suite of financial services to individual members while also providing a global solution to the problems of financial exclusion and immobility. Capitalizing on the explosion of access to mobile-based devices and the development of new technologies, GlobeOne is collaborating with a network of bank members to create a global community which collectively has an opportunity to earn income from its banking relationships, transfer funds domestically and internationally between individual members, establish no-minimum demand deposit accounts with debit cards and create security savings accounts with lines of credit.
Headquartered in Los Angeles, CA., GlobeOne was established in 2013 by a group of socially-minded entrepreneurs - all accomplished leaders in their respective industries. GlobeOne’s mission is to create financial inclusion and financial opportunities for the growing number of dissatisfied, underserved and millennial consumers around the world to help improve their financial well-being. For more information, visit www.globeone.com.
About Eximbank
Vietnam Export Import Commercial Joint-Stock Bank (Eximbank) came into operation in 1990 as one of the first joint-stock commercial banks of Vietnam under a license to operate for a term of 50 years with the registered charter capital of VND50 billion (equivalent to USD12.5 million). At present, Eximbank has charter capital of VND 12,335 billion and owner’s equity of VND 13,317 billion, making it one of the largest banks in terms of owner’s equity among the commercial joint stock banks in Vietnam. Eximbank has developed a nationwide network with its head office located in Ho Chi Minh City, 207 branches and transaction offices, and correspondent banking relationship with over 869 banks and their branches in more than 84 countries. For more information, visit www.eximbank.com.vn.