GlobeOne Signs Letter of Intent with HDBank, a Top 10 Commercial Bank in Vietnam

Exponential Growth in Smartphone Adoption Makes Vietnam a Key
Market for GlobeOne as it Poises for Global Launch

SANTA MONICA, Calif.–(BUSINESS WIRE)–GlobeOne™,
committed to bringing socially-conscious innovation to the financial
sector, today announced that HDBank (Ho Chi Minh Development Commercial
Joint Stock Bank) has signed a Letter of Intent with GlobeOne. This is
the latest bank in Vietnam to join GlobeOne as it builds up a rapidly
expanding network of Member Banks around the world, a network that
offers an innovative package of financial services from these banks.

GlobeOne was established with a vision to create financial health at a
worldwide level. Its goal is to provide equal access to tools for
financial mobility for all, no matter how little they earn. Over 2
billion people around the world have no formal bank account1,
and lack of access to formal finance can have significantly detrimental
effects upon individuals, families, communities and even countries.
GlobeOne and its network partners are setting out to redress the current
imbalance where those with the least often pay the most for financial
services.

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 from Member Banks, as well as the patent
pending income-building SocialBoostTM
program.

“GlobeOne is proud to work with HDBank, one of the largest and fastest
growing commercial banks in Vietnam. HDBank brings a strong track record
and long history of innovation and commitment for expanding its reach
beyond its local branch network toward global markets to help provide
all of its clients with greater financial empowerment,” said Sunil
Sachdev, Chief Business Development Officer at GlobeOne. “Additionally,
their commitment to community development directly aligns with our
organization’s mission to improve financial mobility on a global scale.”

“HDBank’s focus on customer service and our commitment to the
communities in which we operate makes our involvement with GlobeOne an
exciting development,” said Mr Tran Quoc Anh, Head of Retail Banking at
HDBank. “GlobeOne’s unique social model is a natural fit with the
everyday behavior of the Millennial generation, and we believe the
opportunity to earn money while growing the GlobeOne community will be
very attractive to many people who have previously been outside of
formal finance.”

GlobeOne’s innovative mobile app will provide access to Member Banks
that offer 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 SocialBoostTM
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 people.2
This statistic, along with the fact that only 52% of urban adults are
banked3, makes this market primed to adopt a compelling,
technology-based banking solution, such as GlobeOne.

GlobeOne is expected to launch in the United States, Mexico and Vietnam
early 2016, with a goal of establishing a global network of 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 network provides access for Individual
Members to the Member Banks for their financial services needs, and also
provides a solution for financial exclusion and immobility. For more
information, visit www.GlobeOne.com.

About HDBank

HDBank (Ho Chi Minh Development Commercial Joint Stock Bank) is one of
the top 10 commercial banks in Vietnam with more than 25 years of
experience. The bank employs a staff over 6,000 personnel, has a
chartered capital of VND 8.1 trillion and manages total assets of over
VND 100 trillion.

Following the acquisition of DaiABank and HDFinance in the year of 2013,
HDBank became one of the largest lenders in Vietnam. HDBank has grown
into a network of over 220 offices, 4500 points of sale of financial
services, and internationally has established relations with more than
300 banks and branches in over 150 countries and territories.

1 World Bank 2014 Global Financial Development Report:
http://econ.worldbank.org/WBSITE/EXTERNAL/EXTDEC/EXTGLOBALFINREPORT/0,,contentMDK:23489619~pagePK:64168182~piPK:64168060~theSitePK:8816097,00.html

2 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

3 “Vietnam Consumer Landscape 2015” July 24, 2015
http://www.slideshare.net/XunLanNguyn/vietnam-consumer-landscape-2015-50879993

Contacts

GLOBEONE
Harry Nguyen – Country Manager, Vietnam
+84 90 341
1235
HNguyen@globeone.com
or
Sunil
Sachdev – Chief Business Development Officer
+1 347 484 2737
ssachdev@globeone.com