VPBank launched YOLO digital bank for the youth

September 18, 2018 | 15:24
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Vietnam Prosperity Joint Stock Commercial Bank (VPBank) has officially launched an innovative digital bank integrated with sophisticated tools for the young generation named “YOLO.” 
vpbank launched yolo digital bank for the youth
VPBank unveils the YOLO digital bank aimed at the young generation in Vietnam

According to a market research, 70 per cent of Vietnam’s population, especially the young generation, is underserved by the banking sector.

Based on this fact, VPBank has developed the YOLO digital bank. With the motto “Live in Style,” YOLO not only provides customers with a full range of financial services, but also integrates other services to cater to their daily needs, such as transportation, travel, entertainment, and restaurant reservations, among others.

YOLO MasterCard offers global payment functions to customers. To register, customers only need to provide their names, phone number, and email address. Customers can use YOLO MasterCard to pay at any e-commerce website anytime, anywhere.

One of the highlights of YOLO digital banking is the YOLO super saving product, which allows customers to effectively manage their expenses and optimise idle money.

In addition to its intelligent technology platform and seamless connection with partners to provide goods and services to customers, YOLO also lets customers pay for hundreds of services and utilities, from phone bills and airplane tickets to cable TV, and much more. Moreover, customers can set up automatic payment schedules or use the bill-sharing feature. All transactions are encrypted and protected with the bank’s high security standards.

At the launching ceremony, VPBank’s representatives also signed a strategic co-operation agreement with Vinaphone—the owner of the Vpoint, a point accumulation system with more than 3,000 stores and millions of members. According to the agreement, YOLO users only need one Vpoint account to enjoy the benefits at all partner stores. In exchange, Vpoint users can also enjoy the YOLO digital banking features.

With its unique features and diverse ecosystem, YOLO aims to become a youthful and dynamic bank. The launching of YOLO digital banking reaffirms VPBank’s ambition to be the leader in acquiring modern technology and developing a digital platform.

By Thanh Van

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