On September 14th, 2018, Vietnam Prosperity Joint Stock Commercial Bank (VPBank) officially launched an innovative digital bank integrated with sophisticated tools for the young generation named “YOLO”.
According to a market research, 70% of Vietnam’s population was underserved by the banking sector, especially the young generation. Based on that fact, VPBank has developed the YOLO digital bank. With the motto “Live Stylishly”, YOLO not only provide customers with a full range of financial services, but also integrates other services catered to daily needs such as transportation, travel, entertainment, restaurant reservations, etc.
YOLO MasterCard offers global payment function to customers. To register, customers only need to provide their names, phone numbers, and emails. Customers can use YOLO MasterCards to pay at any e-commerce websites anytime, anywhere.
One of the highlights of YOLO digital banking is the YOLO super saving product, allowing customers to effectively manage their expenses and optimize idle money.
In addition to its intelligent technology platform and seamless connection with partners to provide goods and services to customers, YOLO also let customers pay hundreds of services and bills from electricity, water, phone, airplane tickets, to cable TV, etc. 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 will also sign a strategic co-operation agreement with Vinaphone – owner of the Vpoint, a point accumulation system with more than 3000 stores and millions of members. According to the agreement, YOLO users only need one Vpoint account to enjoy benefits at all partners’ stores. In exchange, Vpoint users can also enjoy YOLO digital bank’s modern features.
With its unique features and diverse ecosystem, YOLO aims to become a youthful and dynamic bank. The launching of YOLO digital banking brand reaffirms VPBank’s ambition to be the leader in acquiring modern technology and developing digital platform.
Customers can download YOLO from the Google playstore or iOS app store.