Santa Monica, CA – December 16, 2015 – GlobeOne™, committed to bringing socially-conscious innovation to the financial technology sector, today announced that Vietnam Maritime Commercial Joint Stock Bank (Maritime Bank) has signed a Letter of Intent with GlobeOne. This is the latest bank in Vietnam that has decided to align itself with GlobeOne as it builds up its rapidly expanding network of Member Banks around the world. Targeting both the financially underserved and socially-conscious millennials, GlobeOne is well positioned to capture Vietnam’s huge cohort of digital natives converting to smartphones, enabling the company to provide people with mobile-based access to meaningful and affordable financial services, and the patent-pending income-building SocialBoost™ program. “GlobeOne is proud to enter into this agreement with Maritime Bank, which has shown just how a bold, well-executed business strategy can deliver exceptional growth.” said Sunil Sachdev, Chief Business Development Officer at GlobeOne. “Their ability to embrace innovation and non-traditional thinking when developing financial solutions makes them a perfect partner for GlobeOne’s new model of how personal financial services can deliver financial mobility on a global scale.” Maritime Bank Quote “Maritime Bank’s growth into one of the top 5 commercial banks in Vietnam has demonstrated the power of innovative thinking in business development, and this partnership with GlobeOne is a natural extension of that.” said Ms Dang Tuyet Dung, Dty CEO of MSB and the CEO of MSB’s Retail Banking business. “The unique community aspect of the GlobeOne model brings a completely fresh approach to personal finance, and we are delighted to offer to our customers the opportunity to earn the additional income streams that GlobeOne makes possible.” GlobeOne’s innovative mobile app will offer access to a demand deposit account, a security savings account, a secured line of credit, domestic and international transfers between GlobeOne Individual Members, as well as access to the income-building SocialBoost™ program, which gives members the opportunity to earn a new income stream while helping those who need it most. As GlobeOne builds its worldwide infrastructure of Member Banks and Corporate Members, Vietnam is going to be an important market. Its demographic is decidedly youthful, with over half of its population below 30 years of age – representing approximately 47 million people1. Only 52% of urban adults are banked2, yet smartphone adoption is rising dramatically (+57% YoY to 20143) and penetration is already over a third of the entire population4, making this market primed to adopt a compelling, technology-based financial services solution such as GlobeOne. GlobeOne is expected to launch in the United States, Mexico and Vietnam Q1 2016, with a goal of establishing a global network of Member Banks in 30 countries by 2020. About GlobeOne Headquartered in Santa Monica, CA, GlobeOne™ provides a new global platform for a community of networked Member Banks, Corporate Members and Individual Members. The new ecosystem not only provides access for the Individual Members’ banking needs through the Member Banks, but also provides a new global solution for financial exclusion and immobility. For more information, visit www.GlobeOne.com. About Maritime Bank Vietnam Maritime Commercial Joint Stock Bank (Maritime Bank) was established in 1991, with registered headquarters in Hanoi, Vietnam. Maritime Bank is currently one of the five leading commercial banks in Vietnam. As of 2015, it has nearly 300 branches nationwide, serving more than 1.4 million individual customers and approximately 30,000 corporate customers, of which 600 are large financial institutions. With a clear business strategy, the strong leadership of a talented and experienced management team, and a dedicated and creative workforce of more than 5,000 employees, Maritime Bank is confident of reaching its target of becoming the best commercial bank in Vietnam. Media Contact GLOBEONE Harry Nguyen Country Manager, Vietnam HNguyen@globeone.com MARITIME BANK Ms. Dao Thi Thom Product Communicating Manager Retail Banking Business, MSB Thomdt1@msb.com.vn 1 Source: HKTDC Research “Targeting Vietnam’s youth market: opportunities and strategies,” August 22, 2013 http://hkmb.hktdc.com/en/1X09UHYN/hktdc-research/Targeting-Vietnam%E2%80%99s-youth-market-opportunities-and-strategies 2 Source: “Vietnam Consumer Landscape 2015.” July 24, 2015 http://www.slideshare.net/XunLanNguyn/vietnam-consumer-landscape-2015-50879993 3 Source: IDC. March 12 2015 http://www.idc.com/getdoc.jsp?containerId=prVN25480615 4 Source: Wall Street Journal. June 12, 2015 http://www.wsj.com/articles/vietnams-mobile-revolution-catapults-millions-into-the-digital-age-1434085300
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